Business Email Compromise scams are a type of crime where criminals hack into email accounts, pretend to be someone they’re not and fool victims into sending money.
BEC scams are a type of crime where criminals hack into email accounts, pretend to be someone they’re not and fool victims into sending money where it doesn't belong.
Losses in the U.S. to BEC scams in 2021 were nearly $2.4 billion, according to a report by the FBI. That’s a 33% increase from 2020 and more than a tenfold increase from just seven years ago.