BEC

Why Business Email Compromise Scams Target Valuable B2B Relationships
Why Business Email Compromise Scams Target Valuable B2B Relationships
August 14, 2024  |  Security & Fraud

Email remains a cornerstone of communication, especially within business-to-business (B2B) relationships. This reliance on email, however, has also made it a prime target for savvy...

READ MORE >
Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
July 12, 2023  |  Fraud Prevention

For every new fraud scheme that pops up, dozens of FinTechs are responding to quash it. Yet despite their expertise in cutting-edge technology, FinTechs are...

READ MORE >
Experian Debuts Network to Flag Fraud Risk Using FinTech Data
Experian Debuts Network to Flag Fraud Risk Using FinTech Data
May 10, 2023  |  Security & Fraud

Experian has launched a FinTech-centric version of its fraud prevention network in the U.S. Announced Wednesday (May 10), this new iteration of the company’s Experian...

READ MORE >
As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
April 26, 2023  |  Fraud Prevention

Despite the increasingly sophisticated weapons fraudsters have on hand to execute their scams, business email compromise (BEC) attacks remain one of their most effective ploys. The...

READ MORE >
Incoming Payments Fraud Poses ‘Silent Threat’ to Bottom Lines  
Incoming Payments Fraud Poses ‘Silent Threat’ to Bottom Lines  
February 16, 2023  |  Security & Fraud

Put up $2, and you can score $100 million. Incoming payments are the new attack vector.   And as nsKnox Chief Operating Officer Nithai Barzam and...

READ MORE >
Small Businesses Increasingly Targeted by BEC Scams and Other Internet Crimes 
Small Businesses Increasingly Targeted by BEC Scams and Other Internet Crimes 
December 16, 2022  |  Security & Fraud

Criminals are using BEC scams against small businesses to steal hundred-thousand-dollar food shipments.  They are spoofing emails and domains to impersonate employees at real firms,...

READ MORE >
One-Third of Cybercrime Losses Stem From Compromised Business Email
One-Third of Cybercrime Losses Stem From Compromised Business Email
November 03, 2022  |  B2B Payments

When criminals impersonate company executives or business partners to deceive employees into diverting funds their way, that’s business email compromise (BEC). It is also the...

READ MORE >
Work-From-Home Trend Raises Stakes in Fight Against Business Email Fraud
Work-From-Home Trend Raises Stakes in Fight Against Business Email Fraud
December 01, 2021  |  Security & Fraud

The pivot toward work-from-home environments has opened up new vulnerabilities that allow fraudsters to target B2B payments. Nithai Barzam, chief operating officer of nsKnox, a...

READ MORE >
Spike in Remote Workers Raises Odds of Hacks and Scams for Businesses
Spike in Remote Workers Raises Odds of Hacks and Scams for Businesses
November 03, 2021  |  Security & Fraud

It’s a sad but simple truth: The move to remote work has increased the opportunity for fraud. Employees are more likely to make significant, serious...

READ MORE >