Phishing scams are costing us more than ever. This trick is most likely to catch you out | ZDNet

Scammers are still getting big payouts from business email compromise attacks – but almost two thirds of attacks involve a much simpler scheme.

Businesses are losing over $700m a month to cyber criminals because employees are falling victim to phishing attacks, business email compromise campaigns and gift card scams – and the amount of money being lost is still on the rise.

Large wire transfers make a significant percentage of the successful attacks – with the criminals behind them using phishing and impersonation attacks to trick unwary staff into handing over hundreds of thousands of dollars in one go. But the most common scam involves crooks tricking victims into sending gift cards which can be worth as little as $250.

Source: Phishing scams are costing us more than ever. This trick is most likely to catch you out | ZDNet