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Surprise: The C-Suite Falls For Invoice Scams The Most

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High-ranking executives and rank-and-file employees alike, if uninitiated, could be duped into sending funds via wire transfer or revealing information necessary for cybercriminals to pull off their fraudulent schemes,” Trend Micro warned in its report, as reported in the International Business Times.

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Corporate Money Managers Lose Their Grip

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Most, the bureau noted, involved requests for wire transfers into bank accounts in Hong Kong and China, though 79 nations were identified within these requests, reports said. The business email compromise has created more than 22,000 cases in the U.S. and elsewhere, the FBI found, leading to requests for $3.1 billion in losses hit U.K.