FBI Alerts New Mexicans To Be On Lookout For Business Email Compromise Scams – Los Alamos Reporter

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FBI NEWS

The FBI is alerting New Mexico businesses, school districts, and government agencies to be on the lookout for business email compromise (BEC) scams, which so far has cost more than $1 million in the state.

A New Mexico county recently lost approximately $500,000 in a BEC fraud, while a small private school system in the state avoided being scammed out of more than $55,000 through quick action by employees.

So far in 2021 (January-June), 29 BEC incidents were reported in New Mexico with a loss of $1,025,317.

In a typical business email compromise (BEC) scheme, the victim receives an email they believe is from a company they normally conduct business with, but this specific email requests funds be sent to a new account or otherwise alters the standard payment practices.

“Businesses, government agencies, and schools have been through a difficult year, and many are still trying to get back on their feet,” said…

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