2016 IC3 Report: Business Email Compromise (BEC) Hit $360 Million in Losses

Business Email Compromise (BEC) is a sophisticated scam targeting businesses working with foreign suppliers and/or businesses who regularly perform wire transfer payments. The Email Account Compromise (EAC) component of BEC targets individuals who perform wire transfer payments. The techniques used in both the BEC and EAC scams have become increasingly similar. IC3 is said to […]