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FinCEN, The US Treasury department responsible for dealing with financial crimes says that scammers get away with $301 million EVERY MONTH from Americans. JUST IN AMERICA. And they aren’t paying any taxes either.
Business Email Compromise reports to FinCEN more than doubled last year from 500 a month to 1100 a month. That is just what is reported.
One bright spot is that CEO impersonation attacks was down last year.
A favorite technique for extracting money is fake vendor invoices.
THAT is why you see so much spam.
This means that your organization needs to be very vigilant regarding phishing emails. Training your employees on a very frequent basis is an important tool to reduce the likelihood of falling for phishing emails. There are products to do this that are easy to use and affordable. Contact us if you need help finding the right tool.
Source: The Register.