Earlier this month, the Daily Mail published an article regarding foreign crime gangs stealing millions through hacking email accounts of house buyers and sellers. The con is simple - use malware to steal email credentials, study the content of compromised emails, and then use the collected information to social-engineer your way into siphoning out victims' money.
Business email scam, otherwise referred to as business email compromise (BEC) scam, has been around for a while now in different forms. Historically, we have seen the same tactic used against businesses, e-commerce users and company CEOs, among others. In this blog post, we will explore the cost of running business email scam attacks, from the perspective of fraudsters, in the hopes of understanding why such scams are so widespread today.
Business Email Scam: How Much Does a Million Dollar Cost? | Fortinet Blog
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