TOKYO -- In May, the CEO of an overseas affiliate of a Japanese company received an email saying, "We need your assistance, as we are in the final stage of purchasing assets." The sender claimed to be the chairman of the Japanese company.

The number of fraudulent business emails in the first half of 2023 increased 89% globally from the same period the previous year, according to Abnormal Security.
Business-related fraud doubles as new technology makes crime more efficient