Business Email Scams Cost More than $1 Billion in Losses in 2018, FBI Says
Business email compromise schemes and payroll diversion tactics led to total monetary losses of $1.3 billion in 2018, according to the FBI's Internet Crime Complaint Center 2018 Internet Crime Report published earlier this week.
April 29, 2019 at 01:00 AM
3 minute read
The original version of this story was published on Corporate Counsel
Business email compromise schemes and payroll diversion tactics led to total monetary losses of $1.3 billion in 2018, according to the FBI's Internet Crime Complaint Center 2018 Internet Crime Report published earlier this week.
The center received 20,373 business email compromises and email account compromise complaints in 2018, which led to a loss of over $1.2 billion. The center also received approximately 100 complaints of payroll diversion with a combined loss of $100 million.
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