You’ve got (fraudulent) mail: Allocating loss after a business email compromise scam
From forged cheques to impersonation scams, fraudsters have long exploited the trust, distance and communication gaps that underpin commercial transactions. But the digital age has given rise to a new and particularly insidious form of deception: business email compromise (BEC) fraud. In these schemes, attackers infiltrate or spoof a businessperson’s email account—often that of a trusted vendor—redirecting payments to fraudulent bank accounts with alarming ease. As the financial consequences of…

