As U.S. Cybercrime Losses Top $20 Billion, Bank of America Expands Fraud Education for Small Business Owners
PR Newswire•06/10/2026•09:00 ET
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Key Highlights
- ➤U.S. internet crime losses reached $20.8 billion in 2025
- ➤Reported cybercrime losses increased 26% year over year
- ➤Bank of America launched expanded fraud-awareness resources for small businesses
- ➤Business Email Compromise schemes caused more than $3 billion in reported losses
- ➤Bank of America will offer a new Social Engineering and Business Email Compromise webinar
Expert Statements
Sharon Miller, President of Business Banking at Bank of America
“Fraudsters continue to evolve their tactics, making awareness and education more important than ever for business owners.”
Sharon Miller, President of Business Banking at Bank of America
“Many scams succeed not because a business lacks technology, but because criminals exploit trust, urgency and human behavior.”
Sharon Miller, President of Business Banking at Bank of America
“We want to help entrepreneurs better recognize red flags, strengthen their defenses and understand the steps they can take to protect their businesses.”
As U.S. Cybercrime Losses Top $20 Billion, Bank of America Expands Fraud Education for Small Business Owners PR Newswire
New Educational Tools, Fraud-Prevention Resources and Webinars Aim to Help Entrepreneurs Protect Their Businesses From Increasingly Sophisticated Scams
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