Regions most targeted by BEC scams 2021

Published by
Ahmed Sherif,
Jul 7, 2023
The most spoofed region worldwide was Latin America, with 20 percent of their online attacks being business email compromise (BEC) scams. It was followed by North America, where BEC scams amounted to 11.6 percent.

Distribution of attempted business email compromise (BEC) scams worldwide in 2021, by region

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Release date

February 2022

Region

Worldwide

Survey time period

2021

Supplementary notes

BEC = Business Email Compromise (BEC).
BEC is defined as a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.

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