Companies are losing money to criminals who are launching Business Email Compromise (BEC) attacks as a more remunerative line of business than retail-accounts phishing, APWG reveals. High-ticket BEC attacks Agari reported average wire transfer loss from BEC attacks smashed all previous frontiers, spiking from $54,000 in the first quarter to $80,183 in Q2 2020 as spearphishing gangs reached for bigger returns.

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