FBI: BEC scams accounted for half of the cyber-crime losses in 2019

The FBI received 467,361 internet and cyber-crime complaints in 2019, which the agency estimates have caused losses of more than $3.5 billion, the bureau wrote in its yearly internet crime report released today.

The FBI said that almost half of the reported losses — an estimated $1.77 billion — came from reports of BEC (Business Email Compromise), also known as EAC (Email Account Compromise) crimes.

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Source: ZDNet