Online scammers are focusing on large U.S. food shipments


LINCOLN, Neb. (KLKN) – Thousands of dollars in shipments from U.S. food suppliers stolen by online scammers.

Authorities say cybercriminals are placing fraudulent orders for milk products.

Reportedly setting up email accounts impersonating food company executives and convincing their suppliers to ship them truckloads of powdered milk.

It’s the latest example of ‘business email compromise’ or BEC.

Which has cost Americans far more than any other type of online crime.

The FBI received nearly 20,000 of these complaints last year with losses estimated at nearly two-and-a-half billion dollars.

BEC attacks don’t command the same national attention as ransomware attacks because they are less noticeable and don’t create disruptions like computer outages.

But authorities say they’re still a top concern.

Investigators say timing is critical for thwarting fraudulent wire transfers.

And that chances are slim if they aren’t reported quickly.

Categories: Consumer News, Money, News