FBI Director Christopher Wray speaks at headquarters in Washington, D.C. The FBI has reported that BEC scams cost enterprises more than $26 billion worldwide between 2016 and 2019. (Source: FBI)

Business email compromise (BEC) scams are one of the biggest money makers for cyber criminals. BEC attacks are also unique in that they rely on human behavior rather than sophisticated technology. Typical BEC scams use an authentic-looking email from a top executive to deceive subordinates into transferring money.  

A lot of money.

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