Business Email Compromise Shouldn’t Be the Cost of Doing Business

Business Email Compromise Shouldn’t Be the Cost of Doing Business

The FBI last week published a public service announcement updating its warnings about the continuing threat of business email compromise (BEC, also called CEO fraud). The problem has reached shocking proportions: between June of 2016 and December of 2021, the Bureau counted 241,206 domestic and international incidents of business email compromise. The “exposed dollar loss” (which includes both actual and attempted losses) is the real shocker: $43,312,749,946, more than forty-three-billion dollars.