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News/Cyber & AI/Recent Cyber Fraud Convictions Stress Importance of Ensuring Proper Corporate Accounting & Cyber Compliance Procedures
Expert Opinion·Cyber & AI Brief

Recent Cyber Fraud Convictions Stress Importance of Ensuring Proper Corporate Accounting & Cyber Compliance Procedures

In 2019, the FBI estimated that business email compromises, often carried out via email scams that trick businesses into making wire payments, have caused an estimated $1.7 billion in losses, the highest out-of-pocket losses incurred from any class of cybercrime.

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