BEC

Incoming Payments Fraud Poses ‘Silent Threat’ to Bottom Lines  
Incoming Payments Fraud Poses ‘Silent Threat’ to Bottom Lines  
February 16, 2023  |  Cybersecurity

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...

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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  |  Cybersecurity

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,...

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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...

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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  |  Cybersecurity

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...

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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  |  Cybersecurity

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...

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Why The Data Breach Decline Is Bad News For Businesses
Why The Data Breach Decline Is Bad News For Businesses
February 01, 2021  |  B2B Payments

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were...

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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
December 07, 2020  |  B2B Payments

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light....

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When BYOD Also Means Bring-Your-Own-Cyber Risk
When BYOD Also Means Bring-Your-Own-Cyber Risk
October 27, 2020  |  B2B Payments

Bring Your Own Device (BYOD) used to be an emerging trend in the workplace, one that allowed professionals a bit more flexibility and comfort by...

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Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic
Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic
October 07, 2020  |  Bitcoin

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that...

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