Global losses from business email compromises increased 100% from May 2018 to July 2019, according to the FBI, which recorded 166,349 incidents from June 2016 to July 2019 and US$26.2bil (RM109.81bil) in losses during that period. — AZMAN GHANI/The Star
The discovery of an alleged international ring of fraudsters started with a one-line email. In April 2019, a company accountant received an email that appeared to be from the chief executive officer.
"Joanna, Can you mail out a check to to a Vendor today? Barbara,” the email said.
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