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Business Email Compromise Topples Over $26 Billion in Losses

Published by Knowbe4 on

This lucrative business of tricking companies into fraudulently transferring funds into cybercriminal-owned bank accounts is showing signs of growing. Scammers use many forms of attack to attempt to separate your organization from its’ money. BEC—aka CEO Fraud— is one of the easiest; using little more than really good social engineering in some cases, the bad guys have found that users can be easily fooled into sending the company’s money to a bad guy-controlled account.