Extortion has become the second most often reported type of cybercrime, but BEC/EAC scams still reign supreme when it comes to monetary loss (or criminals’ earnings), the latest IC3 Internet Crime Report has revealed. BEC/AEC scams are the most lucrative In 2017, FBI’s Internet Crime Complaint Center (IC3) reported that the BEC/EAC complaints they dealt with (15,609) came with an approximate $676 million loss.

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