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Polio has been detected in London’s wastewater system. Microsoft accuses Russian intelligence agencies of increased cyberattacks against nations aiding Ukraine. The UK launches free trade talks with the Gulf Cooperation Council states. Analysis: Business Email Compromise (BEC) Schemes Emerging as Lucrative Money Maker for Cybercriminals

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A rundown of important global risk developments in markets, in business, and region by region.

Analysis: Business Email Compromise (BEC) Schemes Emerging as Lucrative Money Maker for Cybercriminals

Among the most costly types of cybercrime that organizations face nowadays are business email compromise (BEC) scams, with the number of reported incidents steadily rising. Over $2.4 billion was lost to BEC scams by entities of all sizes and across every industry last year, which is more than from ransomware, data breaches, or phishing.

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