Provides in-depth analysis of fraudulent emails designed to mimic legitimate communications from banks, employers, and service providers. Articles cover common red flags such as suspicious links, urgent language, and mismatched sender domains, along with practical steps to verify email authenticity and report phishing attempts.
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In May 2024, the FBI's Internet Crime Complaint Center reported that business email compromise — a category built almost entirely on fake emails — accounted for over $2.9 billion in adjusted losses in a single year. That figure dwarfed ransomware losses by a factor of nearly 50. And those
In June 2024, a finance employee at a multinational firm in Hong Kong wired $25 million to threat actors after receiving what appeared to be legitimate emails and even joining a deepfake video call with someone impersonating the company's CFO. The attack started with fake emails. Every single
The $2.4 Billion Problem Sitting in Your Inbox In 2021, the FBI's Internet Crime Complaint Center reported that business email compromise — a category driven almost entirely by fake emails — accounted for nearly $2.4 billion in adjusted losses. That made it the single costliest cybercrime type reported.
In March 2021, the FBI's Internet Crime Complaint Center reported that Business Email Compromise — the sophisticated cousin of fake emails — caused over $1.8 billion in losses during 2020 alone. That made it the costliest category of cybercrime they tracked. Not ransomware. Not credit card fraud. Fake emails
A Single Fake Email Cost This Company $37 Million In 2024, the FBI's Internet Crime Complaint Center (IC3) reported that Business Email Compromise (BEC) schemes — built entirely on fake emails — accounted for over $2.9 billion in adjusted losses across the United States. That figure only captures what
A Single Fake Email Cost This Company $37 Million In 2024, Japanese pharmaceutical giant Nikkei disclosed that a single employee wired approximately $29 million to a fraudulent account after receiving what appeared to be a legitimate email from a senior executive. They aren't alone. The FBI's
