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FBI: $2.3 Billion Lost to CEO Email Scams

Posted on April 7, 2016 by Dissent

While I keep updating my leetle list of entities disclosing their employees’ W-2 data has been phished, Brian Krebs reports that the FBI has issued an alert:

The U.S. Federal Bureau of Investigation (FBI) this week warned about a “dramatic” increase in so-called “CEO fraud,” e-mail scams in which the attacker spoofs a message from the boss and tricks someone at the organization into wiring funds to the fraudsters. The FBI estimates these scams have cost organizations more than $2.3 billion in losses over the past three years.

In an alert posted to its site, the FBI said that since January 2015, the agency has seen a 270 percent increase in identified victims and exposed losses from CEO scams. The alert noted that law enforcement globally has received complaints from victims in every U.S. state, and in at least 79 countries.

Read more on KrebsOnSecurity.com.

Related posts:

  • As expected, LockBit is back already
  • 74 Arrested in Coordinated International Enforcement Operation Targeting Hundreds of Individuals in Business Email Compromise Schemes
Category: Commentaries and AnalysesPhishing

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