Cyber Update – Business Email Compromise Losses Increase 58%

 

Business email compromise (BEC) losses are among the most expensive types of social engineering losses, and they are on the rise—increasing 58% from 2015 to 2019. Cybercriminals send an email that appears to come from a known source making a legitimate request and trick their victims into getting information. Here are some precautions you and your organization should follow.

 

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