Scammers steal hundreds of thousands of dollars in shipments from U.S. food suppliers

1 year ago
57

Authorities say cybercriminals are placing fraudulent orders for milk products.

Reportedly setting up email accounts — impersonating food company executives — and convincing their suppliers to ship them truckloads of powdered milk.

It's the latest example of “business email compromise” (BEC), which has cost Americans far more than any other type of online crime.

The FBI received nearly 20,000 of these complaints last year with losses estimated at nearly $2.5 billion dollars.

BEC attacks don't command the same national attention as ransomware attacks because they are less noticeable and don't create disruptions like computer outages. But authorities say they’re still a top concern.

Loading comments...