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The Business Email Compromise (BEC) is a scam perpetrated by scammers who use social engineering tactics to pose as company executives or trusted vendors to lure employees at their targeted companies to transfer funds to the scammers. I first reported to you about this scam in 2024. The FBI first began tracking this scam in 2013 and the scam has gotten worse each year since then. According to the FBI’s Internet Crime Complaint Center (IC3) most recent Annual Report, companies reported losing $3.046 billion in 2025 which represented an increase of $250 million in losses over the previous year. In…
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