Cyber fraudsters reap $2.3 billion through email wire-transfer scams

BOSTON (Reuters) – Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation. Losses from these scams, which are known as “business email compromise,” totaled more than $2.3 billion from October […]