Business email compromise (BEC) fraud affects schools and government agencies of all sizes and locales, exposing them to billions of dollars in potential losses. We’ve rounded up some of the most egregious examples of BEC attacks in recent months. This collection illustrates just how varied, targeted and lucrative these campaigns can be. They also show how almost any government agency, town or school—without the right security controls—can fall for an expertly crafted campaign. Highlights include:
- The long-con impersonation scam that cost a university $470,000
- How the BEC attackers stole $1 in city funds earmarked for a construction project
- Why authorities suspect a California couple of stealing $2.8 million from a school district
