Cyber Crime Review – Page 5 – Cyber crime news and information

What is BAC/EAC Fraud?

BEC stands for “Business Email Compromise” and EAC stands for “E-mail Account Compromise”. BEC is a sophisticated scam targeting businesses that regularly perform wire transfer payments or ones that work with foreign suppliers or businesses . EAC targets individuals that perform wire transfer payments. BEC/EAC is [...]

Statistics of Cyber Crimes by Total Number of Victims

According to the FBI, the #1 most common cyber crime is non-payment or non-delivery, which means someone did not receive payment for something they sold or someone didn’t receive an item for which they had paid for. At #2 on this list is extortion, followed by personal data breaches at #3. The “no lead value” […]