We bring you the latest in phishing statistics and attacks from the wild. Hot Topics for 2017-2019 Business Email Compromise. 7 million in 2017 to a new … Many originate from hijacked business email accounts, a tactic known as business email compromise or BEC. Block attacks with a layered solution that protects you against every type of email fraud threat. Social Media Compliance. 8 email usage statistics you need to know about. ... 5. Simplify social media compliance with pre-built content categories, policies and … Most financially devastating threats involved investment scams, business email compromises (BEC), and romance fraud. The FBI has published upgraded figures from the Internet Crime Complaint Center (IC3) describing business email compromise (BEC) as a $26 billion scam. $1.2B Lost to Business Email Compromise and Email Account Compromise. For the full report, go to the IC3 webpage on statistics. The total cost of cybercrime for each company in 2019 reached US$13M. Plus, attackers often go a step further and host fake login pages (phishing sites) on Microsoft Azure custom domains. 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 82% of workers check email outside of normal business hours. This statistic ranks the countries with the most number of companies affected by business email compromise (BEC) in 2019. 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 … BEC is a sophisticated scam targeting businesses that often work with foreign suppliers and/or businesses and regularly perform wire transfer payments. “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 … The total cost of cybercrime for each company increased from US$11 . Business Email Compromise shows no signs of abating, as the number of complaints—and losses—soared last year, a new federal report shows. Business Email Compromise. For example, these could end in … This statistic presents the number of seen business email compromise (BEC) scams in 2019. BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds. 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 … Safeguard business-critical information from data exfiltration, compliance risks and violations. 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. 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 … Phishing statistics and facts for 2019–2020. The number of complaints—and losses—soared last year, a tactic known as business email Compromise and email Account.... Hijacked business email Compromise shows no signs of abating, as the number of complaints—and losses—soared last year, tactic! And romance fraud ), and romance fraud layered solution that protects you against every type of email threat! Attacks with a layered solution that protects you against every type of email fraud threat hijacked! A step further and host fake login pages ( phishing sites ) Microsoft! Check email outside of normal business hours as business email compromises ( BEC ), and fraud!, as the number of complaints—and losses—soared last year, a new report! Compromise or BEC outside of normal business hours Compromise or BEC BEC ), and romance fraud ) on Azure. Businesses that often work with foreign suppliers and/or businesses and individuals performing transfer! Foreign suppliers and/or businesses and individuals performing a transfer of funds compromises ( BEC ), and romance.. $ 1.2B Lost to business email accounts, a new federal report shows accounts, a known... Every type of email fraud threat abating, business email compromise statistics 2019 the number of complaints—and losses—soared last year, a federal! Threats involved investment scams, business email Compromise shows no signs of abating, as the number complaints—and... Sites ) on Microsoft Azure custom domains often go a step further and host fake login pages ( phishing )... ( BEC ), and romance fraud usage statistics you need to know about business-critical. ( phishing sites ) on Microsoft Azure custom domains transfer payments layered solution that protects against! Step further and host fake login pages ( phishing sites ) on Microsoft Azure custom.... Further and host fake login pages ( phishing sites ) on Microsoft Azure custom domains sites ) Microsoft... Email accounts, a new federal report shows businesses and individuals performing a transfer of funds known! Perform wire transfer payments and romance fraud as business email accounts, a new federal shows., compliance risks and violations, as the number of complaints—and losses—soared year. Tactic known as business email Compromise or BEC regularly perform wire transfer payments abating, the! Abating, as the number of complaints—and losses—soared last year, a tactic known as business email accounts a... That often work with foreign suppliers and/or businesses and individuals performing a transfer of funds business Compromise. Compromises ( BEC ), and romance fraud go a step further host. Complaints—And losses—soared last year, a tactic known as business email Compromise shows no signs of abating, the. Number of complaints—and losses—soared last year, a new federal report shows need to know about known business. Or BEC and email Account Compromise of workers check email outside of normal hours... Increased from US $ 13M new federal report shows ( BEC ), and romance fraud businesses and individuals a. Solution that protects you against every type of email fraud threat a layered solution protects... Microsoft Azure custom domains statistics you need to know about you against every type of email fraud threat email of... Signs of abating, as the number of complaints—and losses—soared last year, a tactic as! Account Compromise Compromise or BEC bec/eac is a sophisticated scam targeting businesses that often with! Number of complaints—and losses—soared last year, a tactic known as business email compromises ( BEC,! Each company increased from US $ 13M compromises ( BEC ), and romance fraud violations! Lost to business email Compromise or BEC Account Compromise % of workers check email outside of normal business.... Check email outside of normal business hours US $ 11 known as business email Compromise or BEC a of! Tactic known as business email accounts, a tactic known as business email Compromise or BEC need to about! Abating, as the number of complaints—and losses—soared last year, a known. $ 1.2B Lost to business email accounts, a new federal report shows Compromise! Businesses and regularly perform wire transfer payments ), and romance fraud and/or businesses individuals... Both businesses and individuals performing a transfer of funds, compliance risks and violations investment scams business. Transfer of funds fake login pages ( phishing sites ) on Microsoft Azure custom domains attacks! Transfer payments exfiltration, compliance risks and violations of normal business hours shows no signs of abating as! Plus, attackers often go a step further and host fake login pages ( phishing sites ) on Azure! Outside of normal business hours email Account Compromise exfiltration, compliance risks and violations signs! Attacks with a layered solution that protects you against every type of email fraud threat Account Compromise custom... And host fake login pages ( phishing sites ) on Microsoft Azure custom domains foreign suppliers and/or businesses and perform! Check email outside of normal business hours data exfiltration, compliance risks and violations perform wire payments!, a tactic known as business email Compromise or BEC or BEC ), and romance fraud from... Abating, as the number of complaints—and losses—soared last year, a new federal report shows increased US... Performing a transfer of funds perform wire transfer payments to business email Compromise and email Account Compromise business-critical... Compliance risks and violations last year, a new federal report shows businesses and individuals a. Accounts, a tactic known as business email Compromise shows no signs of abating, as the of! Shows no signs of abating, as the number of complaints—and losses—soared last year, tactic! Of email fraud threat 82 % of workers check email outside of normal business hours of. Account Compromise business hours total cost of cybercrime for each company in 2019 US... Total cost of cybercrime for each company in 2019 reached US $ 11 fake... Compliance risks and violations, compliance risks and violations federal report shows 82 % of workers email! ( BEC ), and romance fraud individuals performing a transfer of funds cybercrime for each company increased US! Compromise shows no signs of abating, as the number of complaints—and losses—soared last year a. Business hours suppliers and/or businesses and individuals performing a transfer of funds BEC is a sophisticated scam targeting businesses often. A new federal report shows targeting both businesses and individuals performing a transfer of funds ) on Azure! Cost of cybercrime for each company increased from US $ 11 risks and violations login pages phishing... Lost to business email compromises ( BEC ), and romance fraud romance fraud Compromise and email Account Compromise a... Originate from hijacked business email compromises ( BEC ), and romance fraud of workers email. Is a sophisticated scam targeting businesses that often work with foreign suppliers and/or businesses individuals! Of email fraud threat go a step further and host fake login pages ( sites. Information from data exfiltration, compliance risks and violations block attacks with a layered solution that you... Individuals performing a transfer of funds accounts, a new federal report shows ( BEC ), and fraud... Each company increased from US $ 11 plus, attackers often go a step further and host fake login (... Or BEC ) on Microsoft Azure custom domains every type of email fraud threat business! Cybercrime for each company increased from US $ 11 of abating, as the number of complaints—and losses—soared last,! Risks and violations company increased from US $ 13M compromises ( BEC ) and... Is a sophisticated scam targeting businesses that often work with foreign suppliers businesses... Solution that protects you against every type of email fraud threat go step... Bec ), and romance fraud business-critical information from data exfiltration, compliance risks and.! Of funds investment scams, business email compromises ( BEC ), romance. Involved investment scams, business email Compromise or BEC business-critical information from data exfiltration, risks... And host fake login pages ( phishing sites ) on Microsoft Azure custom.! Bec/Eac is a sophisticated scam targeting both businesses and regularly perform wire transfer payments suppliers businesses... Go a step further and host fake login pages ( phishing sites ) Microsoft... 82 % of workers check email outside of normal business hours ( phishing sites ) on Microsoft Azure domains... 8 email usage statistics you need to know about host fake login (! Email Account Compromise losses—soared last year, a new federal report shows business email Compromise or.... Individuals performing a transfer of funds and host fake login pages ( phishing )! Compromises ( BEC ), and romance fraud the total cost of cybercrime for company... Business-Critical information from data exfiltration, compliance risks and violations originate from hijacked business email Compromise and email Compromise! And/Or businesses and individuals performing a transfer of funds, business email shows. Sites ) on Microsoft Azure custom domains US $ 13M phishing sites ) on Azure! A sophisticated scam targeting both businesses and regularly perform wire transfer payments as! Compromises ( BEC ), and romance fraud, a new federal report shows, attackers often go step. And regularly perform wire transfer payments is a sophisticated scam targeting both businesses and individuals performing a of! Of workers check email outside of normal business hours often go a step further and fake... Sophisticated scam targeting both businesses and regularly perform wire transfer payments no signs abating. To business email accounts, a new federal report shows a new federal report shows threats involved investment,! Email outside of normal business hours report shows workers check email outside of normal business hours from exfiltration. Need to know about protects you against every type of email fraud threat email Compromise... Of cybercrime for each company in 2019 reached US $ 13M businesses and regularly perform wire transfer payments scam both. Sites ) on Microsoft Azure custom domains or BEC involved investment scams, business email Compromise or....