According to the FBI, business email compromise (BEC) and email account compromise (EAC) losses have surpassed $43 billion globally. (BEC/EAC) is a sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests.
The BEC/EAC scam continues to grow and evolve, targeting small local businesses to larger corporations, and personal transactions. Between July 2019 and December 2021, there was a 65% increase in identified global exposed losses, meaning the dollar loss that includes both actual and attempted loss in United States dollars.
Derived from filings with financial institutions between June 2016 and December 2021:
Domestic and international incidents: 241,206
Domestic and international exposed dollar loss: $43,312,749,946
The following BEC/EAC statistics were reported in victim complaints to the IC3 between October 2013 and December 2021:
Total U.S. victims: 116,401
Total U.S. exposed dollar loss: $14,762,978,290
Total non-U.S. victims: 5,260
Total non-U.S. exposed dollar loss: $1,277,131,099