Sections
BEC
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2.4KB2B PaymentsJustice Department Indicts 80 in Massive Online Fraud Scheme
The Justice Department has unsealed an indictment spanning hundreds of charges against 80 individuals, many of them Nigerian nationals. The charges detail...
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3.2KB2B PaymentsRansomware Gains Traction, UK BEC Fraud Spikes
Ransomware, paid in bitcoin, is gaining traction as a way for fraudsters to bilk victims out of their money. Elsewhere, in the...
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2.2KB2B PaymentsBEC Scam Storms The Sports Field (Literally)
A BEC scam has robbed a Virginia school of funds to pay for a new football field. Separately, AppZen finds that artificial...
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2.4KB2B PaymentsBEC Scams Nearly Double Over Three Years
Business E-mail Compromise (BEC) fraud scams are on the rise, and the latest data shows a boost in the number of incidents...
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2.5KB2B PaymentsIn Australia, Card (And Other Payments) Fraud Is Big Business
Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars. Elsewhere,...
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1.9KSizzle/FizzleEarnings Season Looms As Multi-Week Fizzle
Earnings season begins roughly two weeks after the close of the quarter. Earnings season serves as a barometer of the health of...
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4.0KSecurity & FraudReport: Email Variants Keep BEC Fraud Humming Along
In payments fraud, it pays — literally — to change up the game a bit. As noted in a report by FireEye,...
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2.2KB2B Payments‘Scattered Canary’ BEC Scams Aim At US Firms
From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has...
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3.0KB2B PaymentsStudy: BEC Attacks On Financial Service Firms Up 60 Pct
Proofpoint finds in a new study that BEC scams have financial service firms in the crosshairs, with attacks on that sector up...
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5.3KSecurity & FraudSingapore Police Prevent Bitcoin Machine Scam
Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The police have been...
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2.5KB2B PaymentsFBI: BEC Scams Stole $1.2B In 2018
BEC scams are proving lucrative, according to recent FBI reports, which found that the bad guys’ haul doubled in 2018 over 2017. Separately,...
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4.3KB2B PaymentsBEC Fraudsters Eye HR Departments As Prey
Fraudsters are always evolving and now are training BEC scams to focus on HR and finance departments. Separately ACH debit and ACH...
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3.3KSecurity & FraudEx-FBI On The Onion Approach To Battling Cyber Criminals
When it comes to combating payments fraud, it helps to have insight from one who’s been in the trenches. Stacy Arruda, a...
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4.4KSecurity & FraudReport: BEC Fraud Increasingly Goes Mobile
The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a...
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6.2KPartnerships / AcquisitionsNCR Expands Hospitality Reach With BEC Buy
NCR announced late last week the acquisition of BEC, a provider of hospitality point-of-sale (POS) technology based in Denver. In a press release, NCR...
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4.8KB2B PaymentsState Employees In Mississippi Targets Of Direct Deposit Scam
BEC makes inroads, now through attempted direct deposits into employee bank accounts, and where state employees in Mississippi are among those being...
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BEC Targets BSA Officials At Credit Unions
Even Bank Secrecy Act officials are in the crosshairs of scammers, according to news of recent email “phishing” campaigns. Separately, the saga...
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5.3KB2B PaymentsStudy Sees BEC Scams Gaining Ground
New year, and perhaps new fears for executives as fraudsters look to siphon off payrolls of unsuspecting firms via email scams, according...
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6.5KB2B PaymentsFaster Payments, Open Banking Should Keep Treasurers On High Alert
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new...
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4.0KB2B PaymentsFraud? Maybe Not, But Some Questionable Expenses Indeed
Watches for $8,000? Hotel rooms for garlic? Certify offers some of the more questionable attempts at expense reimbursements, which also spotlight how firms...
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5.2KB2B PaymentsNissan’s Ghosn Gone Amid Improper Payments Scandal
Nissan has voted to oust Chairman Carlos Ghosn from his position in the wake of alleged fraud. Beyond those headlines, Australia urgently...
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4.2KB2B PaymentsFour In 10 Road Warriors Use Corporate Cards For Personal Items
Corporate cards used for personal gain — no doubt it’s a story familiar to you, as the practice is widespread, according to...
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4.1KSecurity & FraudGovt Eyes BEC, Govt Slammed By BEC
Even as the SEC wants companies to be vigilant about cybersecurity, BEC claims new victims, among them DC government officials. Elsewhere,...
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2.5KB2B PaymentsEasy Pickings for BEC Criminals?
When it comes to BEC fraud, the fruit is low hanging, according to data from Dark Shadows -- tens of thousands of...
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2.8KNewsEasy Pickings for BEC Criminals?
The age of business email compromise is upon us. And for the scammers, it’s not all that hard to do the scamming....
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6.3KSecurity & FraudVocalink On The Grim Facts Behind Financial Crime’s $1.4T Toll
Halloween comes early this year as we delve into a slew of grisly facts about financial crime in our latest Data Drivers....
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BEC Run Out Of Detention Center Nets Millions
Mobile means payments fraud schemes can be run from the unlikeliest of locations. In the meantime, business email compromises are on the...
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5.9KB2B PaymentsBusiness Email Scams Spin Even Wider Webs
If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. The Federal...
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5.0KB2B PaymentsSurprise: The C-Suite Falls For Invoice Scams The Most
Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. What makes this...
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6.0KSecurity & FraudHacker Tracker: Identity Fraud On The Rise
Greater connectivity means greater opportunities — not just for businesses and consumers, but also for fraudsters. A recent study released by Forrester...
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3.8KFacebookFacebook Tracker: Anticipation
Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. Facebook is slated...
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5.2KSecurity & FraudGoogle And Facebook Scammed Out Of $100M
It doesn’t matter where or who you are. Phishing attacks can happen to even the most vigilant among us. This point was...
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5.8KToday In DataToday In Data: B2B Payments Fraud
Fraud can happen on a multitude of levels in nearly any part of the economy. In the Association for Financial Professionals‘ 2017 Payments...
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2.5KDaily Data DivePYMNTS’ Daily Data Dive: Email Hacker Takes $100M
It’s hard to hide any wrongdoings in today’s tech-infused world. Everything is recorded, timestamped, photographed and filed into the wonderful arena of...
