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The IRS Call That Cost a Hospital $1.5 Million A CFO at a mid-sized hospital picked up the phone. The caller ID showed the IRS main line. The voice on the other end was professional, urgent, and specific — citing the organization's actual EIN and a pending audit.
In August 2024, the FBI's Internet Crime Complaint Center warned that business email spoofing remained one of the top reported cybercrime vectors, with Business Email Compromise (BEC) losses exceeding $2.9 billion in 2023 alone. That number doesn't even capture the full picture — because spoofing extends
In March 2022, the FBI warned that business email compromise schemes — many of which rely heavily on spoofing — had caused over $43 billion in global losses since 2016. That's not a typo. Forty-three billion. And the most unsettling part? The attacks didn't require elite hacking skills.
In 2023, a finance employee at the multinational firm Arup wired $25 million to threat actors after a deepfake video call that spoofed the company's CFO and several colleagues. Every face on the screen was fake. Every voice was synthesized. The employee had no reason to doubt what
