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Examining High Dollar E-mail Scams

Apr 24, 2015
From the Advisory Institute

ForensicFocus | April 2015

Almost all companies depend on e-mail for the majority of their communications. It is no surprise, then, that fraudsters have developed ways to exploit corporate e-mail systems with the intent to steal information or otherwise defraud the organization.

A new scheme has recently emerged to trick employees into making fraudulent wire money transfers. Dubbed the “Business E-mail Compromise,” or BEC, by the Internet Crime Complaint Center, this particular fraud was perpetrated on 2,126 victims worldwide between October and December 2014, resulting in losses of nearly $215 million.

Learn in this article how to protect against cyber criminals using corporate e-mail to swindle funds.

Read Examining High-dollar E-mail Scams