Are You Really My Vendor? Business Email Compromise Proving Lucrative for Scammers

According to the Financial Crimes Enforcement Network (FinCEN), business email compromise (BEC) generated more than $300 million a month in 2018, with totals exceeding billions of dollars stolen from businesses and individuals.   Suspicious activity reports (SARs) describing BEC incidents have increased from an average of nearly 500 a month in 2016 to above 1,100 a month in 2018.

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