PYMNTS-MonitorEdge-May-2024

payments fraud

 Justice Department Indicts 80 in Massive Online Fraud Scheme
 Justice Department Indicts 80 in Massive Online Fraud Scheme
August 26, 2019  |  B2B Payments

The Justice Department has unsealed an indictment spanning hundreds of charges against 80 individuals, many of them Nigerian nationals. The charges detail elaborate BEC schemes...

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 Payments Fraud, Via Apps?
 Payments Fraud, Via Apps?
July 22, 2019  |  B2B Payments

Symantec has discovered vulnerabilities in two popular messaging and media apps, WhatsApp and Telegram, which can be hijacked to commit payments fraud.  Separately, phishing scams...

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In Australia, Card (And Other Payments) Fraud Is Big Business
In Australia, Card (And Other Payments) Fraud Is Big Business
July 15, 2019  |  B2B Payments

Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars.  Elsewhere, individual cases of...

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Palmarius Debuts Accounts Payable Tool
Palmarius Debuts Accounts Payable Tool
July 03, 2019  |  B2B Payments

Cost containment solution provider Palmarius Advisors is rolling out an accounts payable (AP) automation solution designed to generate revenue and enhance spend control for corporate...

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Report: Email Variants Keep BEC Fraud Humming Along
Report: Email Variants Keep BEC Fraud Humming Along
July 01, 2019  |  Security & Fraud

In payments fraud, it pays — literally — to change up the game a bit. As noted in a report by FireEye, the bad guys...

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Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network
Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network
June 25, 2019  |  VISA

In the battle against payments fraud, tokenization offers a strong arrow in the quiver. Visa announces today (June 25) that it has acquired the token...

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How False-Positives Complicate The B2B Payments Fraud Fight
How False-Positives Complicate The B2B Payments Fraud Fight
June 20, 2019  |  B2B Payments

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. Between data breaches exposing customer details and card information and the...

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In Payments Fraud, A Crypto Scam
In Payments Fraud, A Crypto Scam
June 14, 2019  |  B2B Payments

It’s not just about invoices and BEC.  In one recent example, payments fraud reached into the crypto realm – and a publicly listed company.  Elsewhere,...

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Protecting Accounts Payable From Smarter, Faster Fraudsters
Protecting Accounts Payable From Smarter, Faster Fraudsters
June 12, 2019  |  Security & Fraud

Payments are getting faster, fraudsters are getting smarter — and AP departments are often unwitting victims of phishing and other schemes. Bottomline’s Doug Cranston, VP...

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