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PHISHING SCHEMES NET HACKERS MILLIONS OF DOLLARS FROM FORTUNE 500

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IBM has uncovered sophisticated CEO Fraud campaigns—aka Business Email Compromise—which are successfully targeting Fortune 500 companies.

On Wednesday, researchers from IBM's X-Force Incident Response and Intelligence Services (IRIS) team said the Business Email Compromise (BEC) scheme is currently active and is successfully targeting Accounts Payable (AP) teams at Fortune 500 companies.

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