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BBB warns of business email compromise scams

In fact, billions of dollars are being lost due to these scams.

Posted: Nov 6, 2019 1:39 PM

EUGENE, Ore. -- Business email compromise scams are becoming more and more popular, the Better Business Bureau said.

In fact, billions of dollars are being lost due to these scams.

“The FBI internet crime center reported that 2.1 billion dollars were lost due to this scam,” said Danielle Kane from the BBB.

A business email compromise scam is when an email is sent to an employee or even a manager. The email is from someone outside pretending to be either a boss or someone who might work in Human Resources or payroll.

“They get an email, and it says someone wants you to wire money to them as soon as possible, so they ask that you get gift cards or wire it to them,” Kane said.

If you think you have experienced this scam, Kane said there are a few things to do to protect yourself. Do not click on any links or attachments that the email may have, check the email address and the handle -- is the name spelled correctly? -- and remember you can always contact the person that the scammer is pretending to be.

“Call that person. If this is a boss, or HR, contact them and ask them about the email,” Kane said.

If you fall for the scam and wire money, try to call the bank that your business works with. They may be able to stop the payment.

Unfortunately if you send the payment through prepaid cards, Kane said there is not much you can do.

“The money is gone,” said Kane.

For more information on the scam, click here.

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