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CEO Email Spam Has Resulted in $2B in Losses

Around $1.2 billion was lost globally between October 2013 and August 2015 to an email scam in which senders impersonate the CEO of the company, according to the FBI. And that number increased another $800 million in the past six months. The emails look like they are coming from the company's chief executive and instructs the recipient to wire money to an overseas bank account. Authorities have traced the money to 1008 countries. 

Read the whole story at The Financial Times »

1 comment about "CEO Email Spam Has Resulted in $2B in Losses".
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  1. Liz Trupp from networksentry, February 25, 2016 at 4:20 p.m.

     


    really... just more and a better crafted phishing. E mail providers need to stop delivering mail from fraudulent sources –

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