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Size Still Doesn’t Matter Especially When It Comes To CEO Fraud

By September 6, 2018Cyber Security

Lloyds Bank says that Business Email Compromise (BEC)—also known as CEO Fraud—rose by 58% in the UK over the past year. While BEC is often associated by the media with large firms, Lloyds’ results show the contrary: about half-a-million small and medium enterprises were victims. These smaller organizations lost an average of £27,000 each time they were hit with an impersonation scam.

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Robert Crossland

Author Robert Crossland

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