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Public Service Announcement from the FBI

Wednesday, October 17, 2018   (1 Comments)
Posted by: Terri Brustad

Public Service Announcement
Federal Bureau of Investigations

BUSINESS E-MAIL COMPROMISE THE 12 BILLION DOLLAR SCAM

This Public Service Announcement (PSA) is an update and companion to Business E-mail Compromise (BEC) PSA 1-050417-PSA posted on www.ic3.gov. This PSA includes new Internet Crime Complaint Center (IC3) complaint information and updated statistical data for the time frame October 2013 to May 2018.

DEFINITION

Business E-mail Compromise (BEC)/E-mail Account Compromise (EAC) is a sophisticated scam targeting both businesses and individuals performing wire transfer payments.

The scam is frequently carried out when a subject compromises legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.

The scam may not always be associated with a request for transfer of funds. A variation of the scam involves compromising legitimate business e-mail accounts and requesting Personally Identifiable Information (PII) or Wage and Tax Statement (W-2) forms for employees.1

Please read the full press release which elaborates further on statistical data, real estate sector targets and suggestions for protection.

 

 

Comments...

JoAleen Ainslie says...
Posted Friday, January 4, 2019
Not yet, knock on wood:)

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