Stolen profits from business email compromise (BEC) schemes, including the infamous “Nigerian” email scams, have grown exponentially across the globe over the past decade.
From January 2015 to February 2017, identified losses from such scams had increased 1,300 percent, totaling over $3 billion globally. By May 2018, the losses had grown to $12.5 billion, according to the FBI’s IC3 (Internet Crime Complaint Center).
