Blog

FBI: Business Email Compromise Cost Businesses $1.7B in 2019

Admin Globaldots
14.02.2020
image 1 Min read

Business email compromise (BEC) attacks cost organizations an estimated $1.77 billion in losses in 2019, reports the FBI, which received a total of 23,775 complaints related to this threat.

The FBI’s Internet Crime Complaint Center (IC3) this week released its “2019 Internet Crime Report,” which digs into cybercrime trends throughout the year. In 2019 the IC3 received 467,361 complaints, which cost organizations $3.5 billion overall – up from $2.7 billion in 2018.

The most frequently reported complaints relate to phishing and similar attacks, non-payment/non-delivery scams, and extortion, officials say. But the most expensive complaints are related to BEC, romance or confidence fraud, or copying the account of a person or vendor to collect personal or financial data about a victim familiar with them, according to the report.

Read more: Dark Reading 

Comments

0 comments

There’s more to see

How Separating Data & Network Security Protects Your Supply Chain
Supply-Chain Data Protection
Dr. Eduardo Rocha, Senior Solutions Engineer & Security Analyst @ GlobalDots 09.05.22

Software supply chain security is an enormous concern for businesses today. According to a 2021 Argon cybersecurity report, software supply chain attacks increased threefold in 2021 compared to the previous year.  The constant race of companies to do things faster while delivering a better, richer user experience adds a multitude of vulnerabilities to the supply […]

Read more
SASE vs. SD-WAN: A Quick Guide
SD-WAN and SASE
Miguel Fersen, Senior Cloud Consultant @ GlobalDots

New technologies have a wicked tendency to pile up. With cloud solution categories now emerging on a weekly basis, the result of bringing them into your estate is usually more complexity and confusion. But sometimes, a single new technology allows us to rid a bunch of old ones in a snap. SASE pretends to be […]

Read more
Old Dogs, New Tricks: Innovating with CDNs
Content Delivery Network (CDN)
Dror Arie, Senior Solutions Architect @ GlobalDots 20.04.22

Today’s digital businesses with global customers cannot afford slow page loads and applications caused by physical distance and latency issues. Page load speeds can have a significant effect on customer acquisition and retention. Walmart discovered that a 1% increase in page load time results in a 2% increase in conversion rates. So businesses are using […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Contact us