Sunday, June 26, 2022

SilverTerrier – Nigerian Business Email Compromise

Executive Summary

Business email compromise (BEC) remains the most common and most costly threat facing our customers. The year 2020 marked the fifth year in which these schemes held the top position on the annual FBI Internet Crime Complaint Center (IC3) report. Over half a decade, global losses ballooned from $360 million in 2016 to a staggering $1.8 billion in 2020. Put in perspective, the annual losses associated with BEC schemes now exceed the gross domestic product (GDP) of 24 countries. …

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