Billion-dollar scams: The numbers behind BEC fraud
Written by Jul 12, 2016, 4:02 am
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Business email compromise (BEC), or CEO fraud, continues to be the bane of companies in 2016. BEC scams are low-tech financial fraud in which spoofed emails from CEOs are sent to financial staff to request large money transfers. While they require little expertise and skill, the financial rewards for the fraudsters can be high.
Source: Symantec
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