According to the FBI’s latest Internet Crime Report, business email compromise is responsible for much of the world’s financial losses through cybercrime. Using a fake email address, the hacker poses as the CEO, supervisor or high-ranking customer of the target company and sends a text-only email message to a selected employee. The address often differs only in very small and inconspicuous details that are difficult to recognize. If a company is affected by a successful business email compromise, it is very likely that this type of attack will be repeated. Any internal information that is unknowingly passed on by an employee via email is used to make further fake emails appear even more authentic. In 2018, this type of fraud led to total losses of about $1.2 billion.