According to the FBI, business email compromise (BEC) and email account compromise (EAC) losses exceeded $43 billion worldwide. (BEC/EAC) is a sophisticated scam that targets both businesses and individuals who make legitimate money transfer requests.
The BEC/EAC scam continues to grow and evolve, targeting small local businesses to large corporations and personal transactions. Between July 2019 and December 2021, there was a 65% increase in the identified exposed worldwide losses, i.e. the dollar loss which includes both the actual loss and the attempted loss in United States dollars.
Derived from deposits with financial institutions between June 2016 and December 2021:
National and international incidents: 241 206
Dollar loss exposed domestically and abroad: $43,312,749,946
The following BEC/EAC statistics were reported in victim complaints to IC3 between October 2013 and December 2021:
Total US casualties: 116,401
Total loss exposed in US dollars: $14,762,978,290
Total non-US casualties: 5,260
Total loss in dollars not exposed to the United States: $1,277,131,099