The Federal Bureau of Investigation (FBI) found that business email compromise (BEC) scams cost victims a combined total of $26 billion in losses over a three-year period. On 10 September, the FBI’s Internet Crime Complaint Center (IC3) published a public service announcement in which it revealed that BEC scams had caused $26,201,775,589 in global losses. […]… Read More
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The Alaskan city of Unalaska has recovered approximately $2.3 million after digital fraudsters targeted it with a phishing attack. Erin Reinders, city manager of Unalaska, revealed that the municipality had recovered $2,347,544.43 on 22 August. That amount constituted a large part of the $2,985,406.10 total which the City had sent to scammers. Per Reinders’ comments, […]… Read More
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A company is said to have lost €220,000 (approximately $243,000) after receiving a phone call from a boss requesting the money be transferred into a supplier’s bank account.
But it wasn’t the real boss on the phone…
Read more in my article on the Hot for Security blog.