Tag: wire-transfer

Email wire-transfer scams reap $2.3 billion for cyber fraudsters

Email wire-transfer scams reap $2.3 billion for cyber fraudsters

Written by on April 8, 2016 in News with 0 Comments

BOSTON (Reuters) – Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation. Losses from these scams, which are known as “business email compromise,” totaled more than $2.3 billion from October […]

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