Businesses are reporting losses resulting from vendor email compromise, and/or fraudsters impersonating officers at a company to request changes to payment instructions on large wires or transfers, including payroll. In fact, from October 2013 to December 2022, the FBI reportedly received 278,000 reports regarding Business Email Compromise totaling over $50 billion based on suspicious activity reports filed by banks. Learn more about the red flags and what businesses can do to protect themselves.