How much money is lost to email scams every year?
- $10 million
- $300 million
- $1 billion
- $12 billion
"Sure Nigerian Prince! I will send you $5,000 to get you out of Turkish prison!" When you say it out loud, it doesn't make any sense, but it has happened more times than most are probably willing to admit -- somewhere around 12 billion times to be specific. The newest one is called the "CEO scam" when a hacker uses a CEO's email address to have an employee wire money into an offshore account. So remember folks, the next time your CEO tells you he needs money wired to his house in Paraguay, but he spells the name of the company wrong, you may want to ask him about it in person.