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Email impersonation scams cost businesses $42 million: Report

Posted On: Jun. 19, 2019 7:41 AM CST

A report by the Cyber Security Agency of Singapore found that business email impersonation scams cost local firms $42 million in 2018, up 31% from 2017, Business Insider reported. The report found that businesses and individuals reported 6,179 cybercrime cases, up 15% from 5,351 in 2017.

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