It's one of the most prolific attack forms out there. Americans, according to the FBI, lost $2.4 billion to BEC scams in 2021.
Now, the FBI has come out with global numbers. Between July 2019 and December 2021, there was a 65% increase in global losses. Beyond that, from June 2016 to December 2021, there was a total global loss of over $43 billion.
This amount was pilfered over just 241,206 incidents.
And this number is probably an undercount, as not all incidents are reported.
This is a global crime with global consequences. It requires a new way of thinking about security. Here are some of them: