This Public Service Announcement is an update and companion piece to Business Email Compromise PSA 1-071218-PSA posted on www.ic3.gov. This PSA includes new Internet Crime Complaint Center complaint information and updated statistics from October 2013 to July 2019.
Nearly half of all business owners carry some form of cyber insurance but small businesses lag behind, largely because they don’t see themselves as vulnerable to an attack when, in fact, they are viewed by cybercriminals as the lowest hanging fruit. Rightfully so considering a startling 47% of small to midsize companies have not made cybersecurity a priority.
This Public Service Announcement (PSA) is an update to the Business E-mail Compromise (BEC) information provided in Public Service Announcements (PSA) 1-012215-PSA and 1-082715a-PSA. This PSA includes new Internet Crime Complaint Center (IC3) complaint information and updated statistical data.
ERAI has recently reported multiple cases of suppliers' emails being hijacked or infiltrated resulting in multiple Buyers losing over $35,000.00 in just over one week alone.