BEC

As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes

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...

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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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