Phishing scams cost American businesses $500 million a year
Phishing attacks in which the criminals target businesses that send international wire transfers, are costing US businesses $500 million (â¹3,216 crore) a year, according to an FBI report. From October 2013 to December 2016, FBI investigated over 22,000 such incidents. The FBI report further stated that businesses across all 50 US states were found to be victims of phishing attacks.