Don’t Fall Victim to the Business E-mail Compromise Scam

| posted in Blog, Newsletter

West African organized-crime rings have been targeting U.S. businesses with “business e-mail compromise” scams that are costing firms millions of dollars every year. Losses to businesses that are targeted by these scams hit an all-time high in the first quarter of 2018, with $685 million in losses reported by 4,081 victims. That’s more than the amount lost for all of 2017 in such scams: $675 million. The gangs send fake messages to businesses’ finance departments purporting to be a vendor for the company with an invoice requiring payment. These criminals do research before targeting companies, meaning they go to company…
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