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In 2021, BEC schemes resulted in 19,954 complaints with an adjusted loss of nearly $2.4 billion.
A new phishing survey released by the Anti-Phishing Working Group at their conference being held in Puerto Rico this week revealed that while the uptime of phishing websites dropped during the first half of 2012, cybercriminals were driving substantial increases in the numbers of phishing websites they established to steal from consumers.
Starting in February 2013, MasterCard will start migrating Puerto Rico consumers to using credit cards with chips instead of magnetic strips to reduce fraud and identify theft.
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