Archive for January 2020
BEC Fraud
The Business Email Compromise (BEC) fraud is the #1 fraud attacking business in the United States and worldwide. The FBI advises this fraud increases each year and now exceeds $1billion annually. The fraudster:1. Identifies a target2. Grooms the target through unsuspecting emails.3. The victim exchanges banking information.4. The fraudster transfers funds from the victim to…
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