03May

Business Email Compromise Results in $100 Mil. Fraud

A Growing Menace Globally

BEC (Business Email Compromise) is continuing to grow and cost businesses and other organizations billions of dollars worldwide. In fact the FBI says $2.3 billion in losses have occurred due to email wire-transfer scams over the last couple of years.
 
One of the latest and largest frauds transpired last summer when fake email addresses were used by the perpetrators to mimic an American company’s real Asian vendor. Over $98 million was transferred to an account in Cyprus before the bank identified suspicious transfers to other accounts. While $74 million has been recovered, the U.S. government has filed lawsuits to recover another $25 million in other bank accounts globally. 
 

Don’t Let Your Clients Suffer Fraud Losses

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Contact any one of the Berkley Crime team members below and we’ll help you find the right solution.

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National Practice Leader
Sean Missal
(860) 466-7377
smissal@berkleycrime.com

Mid-West Regional Mgr.
Michael Beranek
(501) 707-6548
mberanek@berkleycrime.com

East Regional Manager
Matt McNamara 
(212) 497-3707
mmcnamara@berkleycrime.com

Amanda VanCauwenberge 
(312) 730-1101
avancauwenberge@berkleycrime.com

Patricia Logan 
(212) 497-3708
plogan@berkleycrime.com

Kyna Love
(312) 705-1132
klove@berkleycrime.com

Cheryl Yorio 
(860) 466-7379
cyorio@berkleycrime.com

 

Everton Barrington, FLMI
(860) 466-7376
ebarrington@berkleycrime.com

Alexander Doerflein 
(212) 497-3724
adoerflein@berkleycrime.com

West Regional Manager
Jennifer Maggi 
(213) 417-5467
jmaggi@berkleycrime.com

P: 844.44.CRIME
info@berkleycrime.com
www.berkleycrime.com
Steve Nguyen 
(925) 472-8233
snguyen@berkleycrime.co

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