Blog
BEC Cash-out Methods: Email Fraudsters Experimenting With Alternative Approaches
Tue, 12/01/2020
Business email compromise (BEC) actors are exploring alternative cash-out methods for spiriting away the profits from their crimes.
Traditional bank accounts have long been the go-to choice for email scammers seeking to cash out the funds they've pilfered from organizations they victimize. Just since 2016, BEC groups have defrauded businesses out of more than $26 billion worldwide. But over the...