Number of attempts by business email compromise (BEC) scams worldwide in 2017

Global CEO fraud volume 2017 This statistic presents the number of attempts by business email compromise (BEC) scams in 2017. According to the findings, in the first half of 2017 there were 3,175 attempts at implementing a BEC scam, while that number more than doubled to 6,533 during the second half of 2017.
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Number of attempts
H13,175
H26,533
Number of attempts
H13,175
H26,533
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Description Source More information
This statistic presents the number of attempts by business email compromise (BEC) scams in 2017. According to the findings, in the first half of 2017 there were 3,175 attempts at implementing a BEC scam, while that number more than doubled to 6,533 during the second half of 2017.
Show more
Release date
February 2018
Region
Worldwide
Survey time period
2017
Supplementary notes
BEC = Business Email Compromise (BEC) also known as “CEO Fraud”.
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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