There were nearly 22,000 BEC complaints reported last year and the report revealed it accounted for a financial loss of more than $2.7 billion.
You may have received an email from the company you work for warning against opening emails from unrecognizable addresses—the IC3 report shows why. Scammers can use this method to conduct unauthorized fund transfers by simply opening the email or clicking on the link within the unknown email.
The scammers use BEC by any means possible, including using compromised vendor emails, W-2 information requests, and requests for a large number of gift cards.
To avoid this scam, make sure to examine the email address or URL, these will often contain an extra letter or number so it looks like a legitimate address, and whatever you do, do not click on a link in an unsolicited email or text message that asks you to verify your account information.
