NO. 1 CYBERCRIME: EMAIL FRAUD: Hackers target company employees in record numbers.

Author:Salierno, D.
 
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Business email compromise accounted for more than half of total reported U.S. cybercrime last year, according to the Federal Bureau of Investigation's (FBI's) 2019 Internet Crime Report. These scams, which typically involve a criminal mimicking a legitimate email address, resulted in more than $1.7 billion in losses in 2019. They were responsible for nearly 24,000 complaints made to the FBI's Internet Crime Complaint Center (IC3) last year.

Many compromised emails are CEO fraud, where an email sender impersonates an executive within the company. The email requests payment that appears...

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