KnowBe4 - Whoa Nellie. BEC Scams Average USD 300 Million Per Month In Illegal Transfers

FinCEN-suspicious-transactions

New data compiled by the Financial Crimes Enforcement Network (FinCEN) shows that illegal transactions linked to business email compromise (BEC)—aka CEO Fraud— scams averaged $300 million per month last year. The figure is based on suspicious activity reports (SARs) received by FinCEN. In 2018, the organization received close to 14,000 filings.



from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/whoa-nellie.-bec-scams-average-usd-300-million-per-month-in-illegal-transfers

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