FBI Reports Surge in Cyber Wire Fraud Attempts

Attempts at cyber wire fraud globally, via emails purporting to be from trusted business associates, have surged in the last seven months of 2016, the U.S. Federal Bureau of Investigation said in a warning to businesses as it bid to curb such crimes. Fraudsters sought to steal some $5.3 billion through schemes known as business email compromise, the FBI said in a report released by its Internet Crime Complaint Center.