FBI: BEC Scam Losses Almost Double To Reach $1.2 Billion

FBI reports a significant increase in BEC scam losses, reaching $1.2 billion in 2018. Other scams like tech support fraud and payroll diversion also increased in scale and reported losses. BEC scams are evolving and now include gift card-related scams, leading to lucrative profits for attackers. FBI faced high-profile cases where victims fell for BEC scams, resulting in significant financial loss. Infamous BEC groups are continuously improving their techniques and targets to tap into this lucrative business.