The FBI has published upgraded figures from the Internet Crime Complaint Center (IC3) describing business email compromise (BEC) as a $26 billion scam. The figure is aggregated from 166,349 domestic and international victim complaints received by IC3 between June 2016 and July 2019 comprising a total loss of $26,201,775,589.
Cybercrime
Loss to BEC Fraud Now Claimed to be $26 Billion
The FBI has published upgraded figures from the Internet Crime Complaint Center (IC3) describing business email compromise (BEC) as a $26 billion scam. The figure is aggregated from 166,349 domestic and international victim complaints received by IC3 between June 2016 and July 2019 comprising a total loss of $26,201,775,589. The post Loss to BEC Fraud Now Claimed to be $26 Billion appeared first on SecurityWeek.
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