FBI Warns of Dramatic Increase in Business E-Mail Compromise Scams
The FBI Boston Division is warning of a dramatic rise in business e-mail compromise scams or BECs, which target businesses of all sizes and types and have resulted in massive financial losses in Boston and other cities.
Globally, since October 2013, more than $3.1 billion in actual and attempted losses have been reported. Here in the Boston Division, approximately 370 victims from Massachusetts, Maine, New Hampshire and Rhode Island have reported losses totaling approximately $33 million. Those losses range from $500 to $5.9 million, with the average loss per scam being $90,000. The Division has successfully facilitated the return of approximately $13 million, with millions more frozen and in the process of being returned. Continue reading.....
Quarterly FDIC articles especially aimed at educating customers on answers to several common financial questions.
FDIC Consumer News
A type of malicious software (malware) that freezes your computer or mobile device until a sum of money is paid. It can destroy personal and business files, leading to stolen data and large financial losses. Learn more
how to identify and prevent Randsomware.
Avoiding Money Wiring Scams
The Federal Trade Commission has released a video to educate consumers about the dangers of money wire scams. In the brief video, various scenarios are presented to illustrate how scammers try to convince consumers to wire money, including: lottery/advance fee scams, rental scams and the grandparent scam. The FTC encourages consumers to investigate claims before sending anyone money. View the video
Security Awareness Newsletters for Computer Users
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