The threat has an 'unprecedented increase.'
As technology evolves, so, too, does cyber crime. According to the FBI's report, business email compromise schemes were one of the top cyber crimes reported in 2021, as almost 20,000 complaints were centered around BEC with a total loss of nearly $2.4 billion.
As more people have been working from home since the start of the pandemic,"fraudsters are using virtual meeting platforms to hack emails and spoof business leaders' credentials to initiate fraudulent wire transfers," the FBI wrote in its report."These fraudulent wire transfers are often immediately transferred to cryptocurrency wallets and quickly dispersed, making recovery efforts more difficult.
Hensle told CBS the rise in business cyber crimes is"just something to be really vigilant about." He noted that the Milwaukee Field Office is trying to work with businesses in Wisconsin to make sure they have safeguards in place to protect their finances.
To prevent the threat of cyber crime, the agency said people should"be cautious" whenever they're on the internet. This includes a number of precautions such as keeping your systems up-to-date with strong anti-virus software, not conducting sensitive transactions when connected to public Wi-Fi networks, and using a different password for each of your online accounts.
"If you are the victim of an online or internet-enabled crime, file a report with the Internet Crime Complaint Center as soon as possible," the FBI advises."Crime reports are used for investigative and intelligence purposes. Rapid reporting can also help support the recovery of lost funds."
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