YouTube, the world’s top provider of streaming multimedia content, keeps reaching new heights in terms of its popularity. Nearly two billion monthly users and five billion videos watched every single day – these impressive statistics speak for themselves, and the numbers are steadily growing year over year. Everybody loves YouTube and so do cybercriminals, only in their very own nefarious way.

In 1985, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) originally formed to enable the National Commission on Fraudulent Financial Reporting. COSO’s original goal, to review causal factors leading to fraudulent financial reporting, ultimately evolved as more technologies became embedded in the process.

We are all no doubt aware of phishing. That age-old practice of sending fraudulent emails with the hope of gaining financial details, obtaining account credentials or tricking a user into installing malicious software. The practice is not new. In fact, before the wide-spread use of the internet, people would often receive letters claiming that they had won some sort of competition and to claim their prize, all they had to do was send some cash to front the delivery costs.

The U.S. Government’s Federal Bureau of Investigation (FBI) released an open administration declaration this week cautioning that ‘business email compromise’ (BEC) scamming emails are on a dramatic increase Globally.