"Business Email Compromise Costs $55bn Over a Decade"

Since cybercrime has made threat actors tens of billions of dollars over the past decade, the Federal Bureau of Investigation (FBI) has warned organizations to be on the lookout for Business Email Compromise (BEC) attempts. The FBI's Internet Crime Complaint Center (IC3) reported in a recent notice that over 305,000 BEC incidents cost US and global organizations nearly $55.5 billion between October 2013 and December 2023. This article continues to discuss the rising costs of BEC attacks and advice on how to mitigate BEC risk.

Infosecurity Magazine reports "Business Email Compromise Costs $55bn Over a Decade"

Submitted by grigby1