2 Common Email Spoofing Scams to Avoid: SEC

Summary: Email spam may be looked at as the poor cousin to bigger hacking episodes, but in a new study by the Securities and Exchange Commission, “spoofed or manipulated electronic communications are an increasingly familiar and pervasive problem,” the report stated. In fact, the FBI 2017 Internet Crime Report stated that “business email compromises” caused more than $5 billion in losses since 2013, with an additional $675 million in adjusted losses in 2017, “the highest estimated out-of-pocket losses from any class of cyber-facilitated crime during this period,” the SEC report stated.