Business Email Compromise

BEC Tops Fraud Attempts Against Treasurers: Survey
BEC Tops Fraud Attempts Against Treasurers: Survey
April 07, 2020  |  B2B Payments

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted...

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With BEC Scams, Wire Payments Aren’t The Problem
With BEC Scams, Wire Payments Aren’t The Problem
April 06, 2020  |  B2B Payments

While troubling times can showcase humanity’s resiliency, they can also bring out the worst in people. Case in point: Federal watchdogs continue to sound alarms...

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Email Fraudsters Take Advantage Of Coronavirus Opportunity
Email Fraudsters Take Advantage Of Coronavirus Opportunity
March 23, 2020  |  B2B Payments

Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the...

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FBI Details Evolving Sophistication Of BEC Scammers
FBI Details Evolving Sophistication Of BEC Scammers
March 09, 2020  |  B2B Payments

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new...

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Shark Tank Star Out $400K In Invoice Fraud Scam
Shark Tank Star Out $400K In Invoice Fraud Scam
February 27, 2020  |  B2B Payments

Invoice fraud scams continue to target businesses of all sizes and industries, with experts warning of a major spike in various iterations of business email...

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Tax Season Adds Extra Fraud Weight For SMBs
Tax Season Adds Extra Fraud Weight For SMBs
February 24, 2020  |  B2B Payments

Tax season is upon U.S. small businesses, and fraudsters are taking advantage. In a new report from Proofpoint, researchers warned that any businesses with the...

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The Big Spike In ‘CEO Fraud’
The Big Spike In ‘CEO Fraud’
February 12, 2020  |  Security & Fraud

According to the 2019 edition of the FBI’s Internet Crime Report, last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the...

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How Big Tech Brands Make Businesses An Even Bigger Phishing Target
How Big Tech Brands Make Businesses An Even Bigger Phishing Target
February 11, 2020  |  B2B Payments

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more...

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Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials
Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials
December 17, 2019  |  B2B Payments

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The targets are procurement websites...

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