This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
08/28/2020
FBI tips to avoid 'Business Email Compromise' fraud
NU Property Casualty
As reliant as the insurance industry (along with every other business) has become on email to manage client, vendor and partner communications, the fact remains that any such digital tool can leave individuals and firms open to a cybersecurity breach.
Even public entities have faced potentially devastating financial harm from what’s become known as business email compromise fraud, or “BEC.”
A recent report from the FBI’s Internet Crime Complaint Center found that BEC fraud was the crime that resulted in the highest reported losses. The Center indicated that in 2019 alone, it received 23,775 BEC/email account compromise complaints, with adjusted losses of over $1.7 billion.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information