Business Email Compromise (BEC) Scams: COVID-19 Related Email Attacks Top Threat to Financial Services

BEC: A ‘Once-in-a-Lifetime’ Opportunity

According to the FBI, one US-based bank recently received an email from fraudsters posing as the firm’s CEO, asking to expedite a previously-scheduled transfer of $1 million.

Phishing for Serious Bank

Email crime groups have also had plenty of practice, too. Over the last four years, they’ve used BEC scams to swipe more than $700 million per month from businesses worldwide.

Flattening the Fraud Curve

In response to the growing threat from coronavirus-related fraud, the FBI is advising financial services organizations to train employees to be vigilant against email scams.

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Agari

Agari

Agari is the Trusted Email Identity Company™, protecting companies and people from phishing and socially-engineered email attacks.