BEC

Fraudsters Try New Spins On The BEC Scam
Fraudsters Try New Spins On The BEC Scam
January 27, 2020  |  B2B Payments

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments...

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When Email Becomes SMBs’ Biggest Security Threat
When Email Becomes SMBs’ Biggest Security Threat
January 16, 2020  |  B2B Payments

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack...

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The B2B Payments Fraud Threat Of Internal Employees
The B2B Payments Fraud Threat Of Internal Employees
January 13, 2020  |  B2B Payments

It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency...

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Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials
Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials
December 17, 2019  |  B2B Payments

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The targets are procurement websites...

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019  |  Security & Fraud

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the...

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 Justice Department Indicts 80 in Massive Online Fraud Scheme
 Justice Department Indicts 80 in Massive Online Fraud Scheme
August 26, 2019  |  B2B Payments

The Justice Department has unsealed an indictment spanning hundreds of charges against 80 individuals, many of them Nigerian nationals. The charges detail elaborate BEC schemes...

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 Ransomware Gains Traction, UK BEC Fraud Spikes
 Ransomware Gains Traction, UK BEC Fraud Spikes
August 19, 2019  |  B2B Payments

Ransomware, paid in bitcoin, is gaining traction as a way for fraudsters to bilk victims out of their money. Elsewhere, in the UK, business email...

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BEC Scam Storms The Sports Field (Literally)
BEC Scam Storms The Sports Field (Literally)
August 12, 2019  |  B2B Payments

A BEC scam has robbed a Virginia school of funds to pay for a new football field.  Separately, AppZen finds that artificial intelligence (AI) can...

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BEC Scams Nearly Double Over Three Years
BEC Scams Nearly Double Over Three Years
July 29, 2019  |  B2B Payments

Business E-mail Compromise (BEC) fraud scams are on the rise, and the latest data shows a boost in the number of incidents and the value...

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