The Internet Crime Complaint Center (IC3) reported that businesses lost $1.8 billion dollars in 2020 due to business email compromise. This form of scam is escalating as businesses and banks are embracing the ease of digital transfers, wires and account openings.
While no one is putting the brakes on new technology, it’s more important than ever to stay vigilant to cyber threats. In a nutshell, business email compromise occurs when cyber criminals infiltrate a company’s email system to steal financial data or make fraudulent requests.
Fear not, there are ways to protect your bottom line. Check our blog for more.