BEC

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. What would...

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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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In Australia, Card (And Other Payments) Fraud Is Big Business
In Australia, Card (And Other Payments) Fraud Is Big Business
July 15, 2019  |  B2B Payments

Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars.  Elsewhere, individual cases of...

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Earnings Season Looms As Multi-Week Fizzle
Earnings Season Looms As Multi-Week Fizzle
July 05, 2019  |  Sizzle/Fizzle

Earnings season begins roughly two weeks after the close of the quarter. Earnings season serves as a barometer of the health of companies, and as...

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Report: Email Variants Keep BEC Fraud Humming Along
Report: Email Variants Keep BEC Fraud Humming Along
July 01, 2019  |  Security & Fraud

In payments fraud, it pays — literally — to change up the game a bit. As noted in a report by FireEye, the bad guys...

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‘Scattered Canary’ BEC Scams Aim At US Firms
‘Scattered Canary’ BEC Scams Aim At US Firms
June 10, 2019  |  B2B Payments

From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has been startling. Elsewhere, in...

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