Blog
Targeted Scam Cost Businesses $215 Million Using Fraudulent Wire Transfers
By David Bisson on Wed, 01/28/2015
Last year, a scam using fraudulent wire transfers caused businesses $215 million in losses. According to a public service announcement by the Internet Crime Computer Center (IC3), the scam, which is known as the “Business E-mail Compromise” (BEC), claimed 1,198 unique victims in every U.S. state and 45 other countries between October 2013 and...