Security Alerts: Phishing or Business Email Compromises

Security Alerts: Phishing or Business Email Compromises

Recently, the FBI has issued a public service announcement warning businesses about the rising number of phishing or business email compromises. Phishing is not a new concept. However, these scams are becoming increasingly sophisticated – so much so that since January 2015, the total losses due to business email compromises have skyrocketed to $3.1billion. This reflects a 1,300% increase in reported losses.

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