$1.2 billion
The amount of money that was lost last year due to a cybercrime called Business Email Compromise (BEC), which uses fake, but realistic, emails to trick employees into wiring money into the wrong account. This was three times the amount of money that was stolen through BEC in 2016. But BEC isn’t the only cybercrime on the rise; it was reported by the FBI that Americans lost $362 million in romance and confidence scams last year, an increase of nearly $150 million from the year prior.
The amount of money that was lost last year due to a cybercrime called Business Email Compromise (BEC), which uses fake, but realistic, emails to trick employees into wiring money into the wrong account. This was three times the amount of money that was stolen through BEC in 2016. But BEC isn’t the only cybercrime on the rise; it was reported by the FBI that Americans lost $362 million in romance and confidence scams last year, an increase of nearly $150 million from the year prior. (NPR - November 18, 2019)
