Fi911

JUNE 9, 2025

Business email compromise attacks cost organizations $2.4 billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center. Law enforcement coordination requires established relationships. International law enforcement partnerships become crucial for cross-border transfers.

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Email Compromise Business Email Compromise Compromise Law Enforcement 52

PYMNTS

JUNE 12, 2018

Federal authorities including the Department of Justice and the FBI announced Monday (June 11) that law enforcement arrested 74 people in the U.S. and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses.

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PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Fraud Trends.

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PYMNTS

DECEMBER 4, 2018

The Financial Times , citing cyber threat detection company Agari, reported the group, which goes by the name London Blue, is focusing on the business email compromise scam. The Financial Times noted that in July the FBI warned hackers were targeting CFOs, getting them to transfer money to unknown accounts. or the U.S.

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PYMNTS

JUNE 20, 2016

Cybercrime involving email scams are on the rise, as businesses and their AP officials receive these fraudulent emails that seemingly request legitimate money transfers by posing as a corporate executive or a supplier requesting payment. The business email compromise has created more than 22,000 cases in the U.S.

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PYMNTS

NOVEMBER 6, 2017

Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. During the simulation, participants reacted to different types of hacks, including leaked CEO emails, compromised financial and health records and infrastructure attacks that left some employees stuck in elevators.

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