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Hackers Stole $215M From Businesses Using Email Scam in the Last 14 Months

Hackers stole almost $215 million from companies in the past 14 months by hijacking the email accounts of business people, according to a new report from the FBI's Internet Crime Complaint Center (IC3). The report reveals that these instances of email hijacking affect both small and large businesses. The "business email compromise" (BEC) swindle, as it is known, targets businesses that work with foreign suppliers and regularly perform wire transfer payments.

Read the whole story at Krebs On Security »

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