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Browse: Home / 2015 / July / 30 / Hackers Trick Email Systems Into Wiring Them Large Sums – WSJ

Hackers Trick Email Systems Into Wiring Them Large Sums – WSJ

By Securities Docket on July 30, 2015, 10:40 am

Cybercriminals are exploiting publicly available information and weaknesses in corporate email systems to trick small businesses into transferring large sums of money into fraudulent bank accounts, in schemes known as “corporate account takeover” or “business email fraud.”

Companies across the globe lost more than $1 billion from October 2013 through June 2015 as a result of such schemes, according to the Federal Bureau of Investigation….

via Hackers Trick Email Systems Into Wiring Them Large Sums – WSJ

Posted in Risk Mgmt, Top | Tagged Hackers

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