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 alarm about coronavirus-related scams, and according to experts, the threat is likely to rise. “This is a moment that a...
This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. Invoice and purchase order manipulation, company credit card abuse and fraudulent use of company checks all surface as cautionary tales for corporates’ internal financial processes....
The largest public data breach ever has been discovered, according to Gizmodo. “Collection #1” has seen the exposure of nearly 773 million unique emails and more than 21 million unique passwords, affecting countless individuals. The breach is just one data batch of at least six...
Fraud hits firms large and small. Wells Fargo is the latest industry behemoth to make headlines. And yes, the beleaguered bank is again in the news for account fraud – but this time around, it’s about expense accounts. As reported in various financial publications, Wells has fired...
January 18, 2019
The largest public data breach ever has been discovered, according to Gizmodo. “Collection #1” has seen the exposure of nearly 773 million unique emails and more than 21 million unique passwords, affecting countless individuals. The breach is just one data batch of at least six more, collected by someone trying to sell the stolen info, […]
June 15, 2016
On Tuesday (June 14), the FBI issued a warning about the rising threat of wire transfer fraud. The bureau disclosed that hackers have attempted to steal more than $3 billion...
April 11, 2016
Cybercriminals are making bank from wire transfer scams conducted through email — the FBI estimates more than $2.3 billion since 2013. These schemes, which authorities consider to be one of...
July 30, 2015
The world’s enterprising cybercriminal population has found its newest weak link to exploit: corporate email systems. The new scam hotness entails getting small businesses to wire large sums of cash into...
