It's a crime that siphons untold billions from the economy — but many people have never heard of it.
Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone they're not and fooling victims into sending money where it doesn't belong.
People are also reading… "The scammers are extremely well organized and law enforcement is not," said Sherry Williams, a director of a San Francisco nonprofit that recently fell victim to a BEC scam. In the case of Williams, the San Francisco nonprofit director, thieves hacked the email account of the nonprofit's bookkeeper, then inserted themselves into a long email thread, sent messages asking to change the wire payment instructions for a grant recipient, and made off with $650,000.The FBI told her the local U.S. attorney's office won't take her case. She flew to Odessa, Texas, where the bank that initially received the stolen money was located.
"Our message to criminals involved in these types of BEC schemes will remain clear: The FBI's memory and reach is long and wide-ranging, we will relentlessly pursue you no matter where you may be located," said Brian Turner, executive assistant director of the FBI's Criminal, Cyber, Response, and Services Branch.
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