Home » Email Security » Business email scam costliest type of US cyber crime in 2021: FBI report
business email compromise
business email compromise

Business email scam costliest type of US cyber crime in 2021: FBI report

Business email scam costliest type of US cyber crime in 2021: FBI report

New Delhi: In 2021, America experienced an unprecedented increase in cyber attacks and malicious cyber activity, shows the Federal Bureau of Investigation’s (FBI) Internet Crime Report 2021.

In 2021, the FBI’s Internet Crime Complaint Center (IC3) received 847,376 complaints, a 7% increase from 2020, with potential losses exceeding $6.9 billion.

Ransomware, business email compromise (BEC) schemes, and the criminal use of cryptocurrency were among the top incidents reported in 2021. BEC schemes resulted in 19,954 complaints with an adjusted loss of nearly $2.4 billion.

business email compromise

business email compromise

BEC is a sophisticated scam targeting businesses performing fund transfers. The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorised transfers of funds.

The IC3 received reports from 20,561 people who had lost $1.45 billion to investment cybercrime.

It also received reports from 24,299 victims who experienced more than $956 million in losses to confidence fraud or ‘romance scams’. This type of fraud accounted for the third-highest losses reported by victims.

About emailfirmadmin

Businesses Email, Company Email, Email Service Providers in Delhi NCR India

Businesses Email, Company Email, Email Services Providers in Delhi NCR India, Google Gmail for secure, private, ad-free, cloud-based corporate Enterprise Email for Business on your company domain name. Includes 24x7 support Professional Business Email For Your Company That Matches Your Domain Name. Business Email G Suite on Google, Office 365 & Exchange Email on Microsoft Outlook. Email, Businesses Email, Company Email, Professional Business Email id from Microsoft, Google, Yahoo. Buy Best Secure Business Email Hosting Online with Succour. Best Email Service Provider in New Delhi - India's capital territory, Mumbai - formerly Bombay, Kolkata - formerly Calcutta, Chennai - formerly Madras, Bangaluru - formerly Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Surat, Jaipur, Email services in the following cities: Gurgaon , Delhi, Noida, Ghaziabad, Faridabad , Chandigarh, Navi Mumbai, Pune, Ahmedabad, Surat, Kanpur, Patna, Indore & in India

Sales Number : +91 9582 90 7788 | Support Number : +91-9654 01 6484
Sales Email : sales@itmonteur.net | Support Email : support@itmonteur.net

Register & Request Quote | Submit Support Ticket

x

Check Also

Google Business Email Provider in India

Google Business Email Provider in India Google Business Email Provider in India Google Business Email ...