Since January 2015, business email compromise scams -- in which criminals hack into corporate email accounts through social engineering or computer intrusion techniques and conduct unauthorized funds transfers -- have increased 1,300 percent, with victims in all 50 states and 100 countries. Criminals target businesses of all sizes, specifically those that work with foreign suppliers or that regulatory perform wire transfer payments.
Business Email Compromise
The FBI has released various public service announcements to provide new information and statistical data related to business email compromise scams. The updated PSAs detail new data theft scenarios employed by fraudsters that target departments responsible for maintaining tax and personally identifiable information, such as human resources, bookkeeping or audit.
The PSA provides an overview of the complaints submitted to the FBI’s Internet Crime Complaint Center, provides tips for mitigating the risk of BEC and outlines steps businesses can take if they fall victim to this type of scam.
Alerts & Notifications
Listing of additional Alerts & Notifications published:
- FS-ISAC Fraud Alert: Business Email Compromise
- The fraudulent wire payments sent to foreign banks may be transferred several times but are quickly disbursed. Asian banks, located in China and Hong Kong, are the commonly reported ending destination for these fraudulent transfers. BEC is a global scam with subjects and victims in many countries. The FBI has received related complaints from every U. S. state. Find out more about this scam and how to protect your business