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If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wiretransfer.
As a result, the Secret Service has disrupted hundreds of online coronavirus-related scams, investigated cyber fraud cases, put a stop to sales of stolen COVID-19 test kits, prevented tens of millions of dollars in fraud from occurring and is leading the nation’s effort to combat unemployment payment fraud, the Secret Service said in the release.
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