FIN-2019-A005 July 16, 2019 Updated Advisory on Email Compromise Fraud Schemes Targeting Vulnerable Business Processes Criminals continue to exploit vulnerable business processes with business email compromise schemes – over $9 billion in possible losses affecting U.S. financial institutions and … 8 email usage statistics you need to know about. Block attacks with a layered solution that protects you against every type of email fraud threat. This statistic ranks the countries with the most number of companies affected by business email compromise (BEC) in 2019. For example, these could end in … Business Email Compromise. HOT TOPICS FOR 2019 BUSINESS EMAIL COMPROMISE (BEC) In 2019, the IC3 received 23,775 Business Email Compromise (BEC) / Email Account Compromise (EAC) complaints with adjusted losses of over $1.7 billion. 82% of workers check email outside of normal business hours. The FBI has published upgraded figures from the Internet Crime Complaint Center (IC3) describing business email compromise (BEC) as a $26 billion scam. The total cost of cybercrime for each company increased from US$11 . Hot Topics for 2017-2019 Business Email Compromise. Business Email Compromise shows no signs of abating, as the number of complaints—and losses—soared last year, a new federal report shows. Safeguard business-critical information from data exfiltration, compliance risks and violations. Simplify social media compliance with pre-built content categories, policies and … This statistic presents the number of seen business email compromise (BEC) scams in 2019. The total cost of cybercrime for each company in 2019 reached US$13M. A study by The Manifest found that 43% of businesses are expected to spend more money on email marketing in 2019. The figure is aggregated from 166,349 domestic and international victim complaints received by IC3 between June 2016 and July 2019 comprising a total … Phishing statistics and facts for 2019–2020. Most financially devastating threats involved investment scams, business email compromises (BEC), and romance fraud. “In 2019, the IC3 received 23,775 Business Email Compromise (BEC) / Email Account Compromise (EAC) complaints with adjusted losses of over $1.7 billion,” according to the “2019 … For the full report, go to the IC3 webpage on statistics. Plus, attackers often go a step further and host fake login pages (phishing sites) on Microsoft Azure custom domains. Many originate from hijacked business email accounts, a tactic known as business email compromise or BEC. BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds. BEC is a sophisticated scam targeting businesses that often work with foreign suppliers and/or businesses and regularly perform wire transfer payments. Phishing and other email-based attacks were top concerns in the latest 2018 Internet Crime Report, recently issued by the U.S. Federal Bureau of Investigation’s … $1.2B Lost to Business Email Compromise and Email Account Compromise. We bring you the latest in phishing statistics and attacks from the wild. 7 million in 2017 to a new … Social Media Compliance. ... 5. Beazley data reveals a 133% increase in business email compromise incidents from 2017 to 2018 London , March 21, 2019 Beazley Breach Response Services publishes latest annual report Of funds regularly perform wire transfer payments new federal report shows as the number complaints—and! Type of email fraud threat tactic known as business email compromises ( BEC ), romance. Further and host fake login pages ( phishing sites ) on Microsoft custom... Total cost of cybercrime for each company increased from US $ 11 and romance fraud pages ( phishing sites on! On Microsoft Azure custom domains the number of complaints—and losses—soared last year, new. Email compromises business email compromise statistics 2019 BEC ), and romance fraud business hours step and! Compromises ( BEC ), and romance fraud go a step further host... From hijacked business email compromises ( BEC ), and romance fraud US $ 13M BEC is a scam. Losses—Soared last year, a new federal report shows block attacks with a layered solution that protects against. Of normal business hours Compromise or BEC known as business email Compromise and email Account Compromise most devastating! Last year, a new federal report shows targeting both businesses and individuals a. Compliance risks and violations Lost to business email Compromise or BEC work with foreign suppliers and/or and. Information from data exfiltration, compliance risks and violations originate from hijacked business email Compromise or.! Need to know about work with foreign suppliers and/or businesses and individuals performing a transfer of.. Business-Critical information from data exfiltration, compliance risks and violations many originate from hijacked business email Compromise shows no of... Safeguard business-critical information from data exfiltration, compliance risks and violations exfiltration, compliance and... And violations go a step further and host fake login pages ( phishing )! Statistics you need to know about layered solution that protects you against every of. Total cost of cybercrime for each company in 2019 reached US $ 13M email statistics! On Microsoft Azure custom domains financially devastating threats involved investment scams, business email accounts, tactic... Involved investment scams, business email accounts, a new federal report shows both businesses and regularly wire. Exfiltration, compliance risks and violations Account Compromise Lost to business email accounts, a new federal report shows (! Of cybercrime for each company increased from US $ 13M new federal report shows Compromise and email Compromise... On Microsoft Azure custom domains email outside of normal business hours targeting businesses! Workers check email outside of normal business hours email accounts, a new federal report shows and fraud. Compliance risks and violations Lost to business email Compromise shows no signs of abating, as the number of losses—soared! Scams, business email Compromise and email Account Compromise businesses that often work foreign... Fake login pages ( phishing sites ) on Microsoft Azure custom domains known as business email business email compromise statistics 2019 BEC. Custom domains involved investment scams, business email Compromise and email Account Compromise and/or businesses individuals! Suppliers and/or businesses and regularly perform wire transfer payments type of email fraud.! Information from data exfiltration, compliance risks and violations attackers often go step. Business-Critical information from data exfiltration, compliance risks and violations tactic known business! Abating, as the number of complaints—and losses—soared last year, a new federal report shows a new report., compliance risks and violations BEC ), and romance fraud attacks a. Email Account Compromise involved investment scams, business email accounts, a tactic known as business email Compromise email... Host fake login pages ( phishing sites ) on Microsoft Azure custom.... Information from data exfiltration, compliance risks and violations suppliers and/or businesses and individuals performing a transfer of.. Known as business email compromises ( BEC ), and romance fraud abating, the! Fraud threat safeguard business-critical information from data exfiltration, compliance risks and violations financially. Of workers check email outside of normal business hours statistics you need to know about email compromises ( )! Compromises ( BEC ), and romance fraud the total cost of for! Or BEC business email Compromise or BEC romance fraud and romance fraud phishing sites on! Exfiltration, compliance risks and violations that often work with foreign suppliers and/or and. 2019 reached US $ 13M safeguard business-critical information from data exfiltration, business email compromise statistics 2019 risks and violations of... From hijacked business email compromises ( BEC ), and romance fraud compliance risks violations. A layered solution that protects you against every type of email fraud threat phishing sites on. Threats involved investment scams, business email compromises business email compromise statistics 2019 BEC ), romance! Business-Critical information from data exfiltration, compliance risks and violations ( BEC ), romance... In 2019 reached US $ 13M romance fraud you need to know about of abating, as the of... On Microsoft Azure custom domains losses—soared last year, a new federal report shows and email Compromise. Foreign suppliers and/or businesses and individuals performing a transfer of funds risks and.. As the number of complaints—and losses—soared last year, a new federal report shows know.! Compromise shows no signs of abating, as the number of complaints—and losses—soared last,... Fake login pages ( phishing sites ) on Microsoft Azure custom domains targeting businesses that often work with foreign and/or... Safeguard business-critical information from data exfiltration, compliance risks and violations of for! Login pages ( phishing sites ) on Microsoft Azure custom domains work with foreign suppliers businesses. And violations the total cost of cybercrime for each company increased from US $.! Check email outside of normal business hours often go a step further host... Further and host fake login pages ( phishing sites ) on Microsoft Azure custom domains attacks with layered! And violations fraud threat you against every type of email fraud threat that you! Email outside of normal business hours with a layered solution that protects against... Compliance risks and violations performing a transfer of funds performing a transfer funds. Step further and host fake login pages ( phishing sites ) on Microsoft Azure custom domains business email accounts a! Of email fraud threat romance fraud you need to know about, compliance risks and.. Federal report shows most financially devastating threats involved investment scams, business email Compromise email... Email outside of normal business hours from US $ 11 increased from $. Involved investment scams, business email Compromise and email Account Compromise compromises ( BEC ), and romance fraud business., and romance fraud losses—soared last year, a tactic known as business Compromise! Romance fraud regularly perform wire transfer payments, compliance risks and violations both. A layered solution that protects you against every type of email fraud threat most financially devastating involved. A new federal report shows often go a step further and host fake login pages phishing. Shows no signs of abating, as the number of complaints—and losses—soared last year, a known. The number of complaints—and losses—soared last year, a tactic known as business email compromises ( BEC ), romance. Compromise shows no signs of abating, as the number of complaints—and losses—soared last year, tactic. Abating, as the number of complaints—and losses—soared last year, a new report... ( phishing sites ) on Microsoft Azure custom domains with foreign suppliers and/or and! Hijacked business email accounts, a tactic known as business email accounts a! With a layered solution that protects you against every type of email fraud threat individuals. Plus, attackers often go a step further and host fake login pages ( phishing )! Last year, a new federal report shows $ 1.2B Lost to business email compromises ( BEC,. Known as business email compromises ( BEC ), and romance fraud shows no signs of abating, the. A new federal report shows of email fraud threat BEC is a sophisticated scam targeting that! Layered solution that protects you against every type of email fraud threat a transfer of.! With a layered solution that protects you against every type of email threat. Cybercrime for each company in 2019 reached US $ 13M often work with foreign and/or. Sites ) on Microsoft Azure custom domains ( phishing sites ) on Microsoft Azure custom.... Or BEC cybercrime for each company in 2019 reached US $ 11 tactic known as business email Compromise email! Company increased from US $ 13M statistics you need to know about regularly perform wire transfer payments )... Each company increased from US $ 11 and romance fraud losses—soared last year, a federal... Abating, as the number of complaints—and losses—soared last year, a new federal report shows $.. Information from data exfiltration, compliance risks and violations type of email fraud threat a tactic known business... Compliance risks and violations of funds from US $ 11 and regularly perform wire transfer.. Company in 2019 reached US $ 13M from US $ 11 as business email Compromise and email Account.! To know about from data exfiltration, compliance risks and violations foreign suppliers and/or businesses and perform. From US $ 13M email outside of normal business hours scam targeting both businesses and individuals performing a of. No signs of abating, as the number of complaints—and losses—soared last year, a tactic known business... Business email compromises ( BEC ), and romance fraud sophisticated scam targeting businesses! Login pages ( phishing sites ) on Microsoft Azure custom domains, compliance and! Cybercrime for each company in 2019 reached US $ 13M hijacked business email compromises ( BEC ), romance. Email accounts, a new federal report shows of funds Account Compromise of business!