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How to Protect Your Business From This $43B Scam

We hate click-bait titles so here’s the gist quickly. 

 

First, the FBI recently reported business email compromise attacks were up 65% from July 2019 through December 2021 and totaled $43 Billion dollars – that’s BILLION with a B – in reported losses from June 2016 through July 2019.  

 

Additionally, if you and your team do business on the internet, you are at risk. Okay, that sounds click-baity, too, but it’s absolutely true. We’ve said it over and over. There are plenty of proactive options to build a strong strategy. 

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What is Wire Fraud and How Do You Prevent It?

 

You wake up to an email from your favorite major music streaming service. It asks you to sign in to the streaming service to confirm your interest in your favorite band’s upcoming performance in town.  

 

It seems weird but you’re groggy and click through, entering your credentials but finding a dead-end on the next screen. Heading back to the email, you start suspecting things aren’t what they seem, and this email that came from a streaming service is a little… Phishy. 

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