How the Pandemic Fueled a Surge in Wire Fraud
The Crime Report
JANUARY 21, 2022
According to the FBI’s most recent data and statistics, cases involving internet-enabled theft, compromised business emails, and other forms of wire transfer fraud have dramatically increased in recent years —especially since the onset of the pandemic. The adjusted financial losses of these cases amount to approximately $1.8 billion, an astonishing figure, given that authorities estimate that some 12-15 percent of wire fraud cases go unreported.
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