{"id":2607,"date":"2019-04-25T15:01:32","date_gmt":"2019-04-25T15:01:32","guid":{"rendered":"https:\/\/www.empowerbpo.com\/blog\/?p=2607"},"modified":"2023-02-27T09:54:29","modified_gmt":"2023-02-27T09:54:29","slug":"recovery-asset-team-recovers-192-million-dollars","status":"publish","type":"post","link":"https:\/\/www.empowerelearning.com\/blog\/recovery-asset-team-recovers-192-million-dollars\/","title":{"rendered":"IC3 Recovery Asset Team recovers $192.7 million in 2018"},"content":{"rendered":"<p>As per the 2018 Internet Crime Report (ICR), the newly established IC3 Recovery Asset Team (RAT) was able to recover about 75% of the $257.1 million lost to Internet crime [reported to IC3] in 2018. The RAT got involved with 1,061 domestic scams, and recovered $192.7 million.<\/p>\n<p>The <a href=\"https:\/\/www.ic3.gov\/media\/annualreport\/2018_IC3Report.pdf\" rel=\"nofollow noopener\" target=\"_blank\">2018 Internet Crime Report<\/a> was published on April 22<sup>nd<\/sup>.<\/p>\n<p>As per the report the greatest financial loss to Internet crime came for <a href=\"https:\/\/www.empowerelearning.com\/blog\/tag\/bec\/\">business email compromise<\/a> (BEC) and email account compromise (EAC) scams; nearly $1.3 Billion were lost to BEC fraud in 2018.<\/p>\n<p>As per the 2018 ICR, BEC was among the top three crime types with the highest reported losses. The other two being Confidence\/Romance fraud and Non-payment\/Non-delivery. In 2018, IC3 (The Internet Crime Complaint Center) received over 300, 000 complaints with losses exceeding $2.7 Billion.<\/p>\n<p>The report also notes that the BEC\/EAC scams, otherwise known as CEO frauds have evolved into more sophisticated forms, such as personal email compromise, vendor email compromise, spoofed lawyer email accounts, requests for W-2 information, and the targeting of the real estate sector.<\/p>\n<p>Equally worth noting is its comment that in 2018 there was an increase in the number of BEC\/EAC complaints requesting victims purchase gift cards.<\/p>\n<h3><strong>Guidance for BEC Victims<\/strong><\/h3>\n<ul>\n<li>Contact the originating Financial Institution as soon as fraud is recognized to request a recall or reversal as well as a Hold Harmless Letter or Letter of Indemnity.<\/li>\n<li>File a detailed complaint with www.ic3.gov. It is vital the complaint contain all required data in provided fields, including banking information.<\/li>\n<li>Visit www.ic3.gov for updated PSAs regarding BEC trends as well as other fraud schemes targeting specific populations (real estate, pre-paid cards, W-2, etc.).<\/li>\n<li>Never make any payment changes without verifying with the intended recipient; verify email addresses are accurate when checking mail on a cell phone or other mobile device.<\/li>\n<\/ul>\n<h3><strong>Suggested Reading<\/strong><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.empowerelearning.com\/blog\/business-email-compromise-how-it-works\/\">Business Email Compromise \u2013 How it Works?<\/a><\/li>\n<li><a href=\"https:\/\/www.empowerelearning.com\/blog\/security-measures-bec\/\">7 Security Measures Against BEC You CANNOT Neglect<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As per the 2018 Internet Crime Report (ICR), the newly established IC3 Recovery Asset Team (RAT) was able to recover about 75% of the $257.1 million lost to Internet crime [reported to IC3] in 2018. The RAT got involved with 1,061 domestic scams, and recovered $192.7 million. The 2018 Internet Crime Report was published on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[209,162,185],"class_list":["post-2607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infosec","tag-bec","tag-business-email-compromise","tag-cybersecurity"],"_links":{"self":[{"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/posts\/2607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/comments?post=2607"}],"version-history":[{"count":0,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/posts\/2607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/media\/2608"}],"wp:attachment":[{"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/media?parent=2607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/categories?post=2607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.empowerelearning.com\/blog\/wp-json\/wp\/v2\/tags?post=2607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}