<img itemprop="logo" src="https://www.pymnts.com/wp-content/uploads/2017/12/PYMNTS-logo-white-5.png" alt="PYMNTS.com" />

SEC Warns Cos To Prioritize Cybersecurity

The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in...

2.5K

Easy Pickings For BEC Criminals?

The age of business email compromise (BEC) is upon us. And for the scammers, it’s not all that hard to do the scamming....

In Payments Fraud, Impersonation Gets Personal

In the U.K., it’s well known that late payments bedevil firms – but what of payments fraud? Impersonation fraud, also known as...

7.7K

Phishing Scam Masquerades As Square To Target Businesses

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Reports in the Victoria Advocate...

Business Email Scam Losses Now Top $12 Billion

The U.S. Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on...

3.7K

Treasurers Overconfident On Cyber Defenses

With a threefold increase in the number of corporates who had been hit by a ransomware attack in the last year compared...

How Fake News Drives Corporates To Redirect Their Security Strategies

Researchers estimate U.S. eCommerce companies lost $6.7 billion due to fraud in 2016, and a significant portion of that stems from chargeback...

5.1K

IBM Uncovers Business Email Scam Targeting Fortune 500 Firms

IBM is warning Fortune 500 companies of a widespread business email compromise (BEC) scam. The technology company’s X-Force Incident Response and Intelligence...

4.3K

UK Watchdog Wants Banks To Change Push Payments Fraud Strategy

U.K. consumer watchdog Which? is calling for better protections against push payment scams, according to reports. A press release by Which? issued...

3.6K

SMBs

SMBs Have Payment Fraud Blind Spot

Small- and medium-sized businesses (SMBs) are in the dark when it comes to the impact payments fraud can have on their company,...

7.0K

FBI Cyber Head Reinforces Need For Action On Corporate Security

Small and medium-sized business (SMB) cybersecurity must be paramount for both the small businesses themselves and the Federal Bureau of Investigation (FBI), the...

6.0K

Cyber Grinch Steals Nearly $600K From Dublin Zoo

The business email compromise continues its reign as a top cyber threat for the enterprise, and no business or industry is safe....

2.8K

US Judge Sentences Man For $25M Supplier Invoice Scam

A U.S. judge has sentenced a Nigerian man to three years and five months in prison for his role in a business...

4.8K

Business Email Scam Not Covered By Cyber Insurance, Canadian Court Rules

The Business Email Compromise (BEC) scam is jeopardizing millions of dollars for businesses of all sizes and industries. Just last week, news reports...

4.0K

Business Email Scams’ Latest Target: Art Galleries

Scammers deploying the Business Email Compromise (BEC) scam have proven no company, regardless of size and industry, is immune to this crime....

3.3K

Business Email Scammers Finding Success With UK Firms

The U.S. isn’t the only place where business email scams are threatening the enterprise. New research from RSM, which provides consulting services...

Surprise: 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...

3.8K

TD Survey Finds Business Email Scams Continue Their Reign

The business email compromise continues its reign as most common corporate cyberattack, according to a new report from TD Bank. The FI...

6.7K

Malware Hits Businesses Under Guise Of PowerPoint Presentation

Another round of malware is hitting corporate computers, media in the U.K. said Monday (June 5), with attackers disguising the malicious attack...

6.4K

Human Error To Blame For Much Of Corporate Finance Scam, Says Verizon

The bad news keeps on coming for businesses facing cyberattacks. The FBI released new data last week warning businesses that the business email...

7.9K

FBI Says There Was An Uptick In Cyber Wire Fraud In 2016

Cyber wire fraud via email had increased during the last seven months of last year, according to a new warning from the...

4.8K

Google 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...

5.3K

Today In Data

Today 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...

5.5K

Breaking Down The Data Behind Record Levels Of B2B Payments Fraud

The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise,...

9.5K

Corporate Payments Fraud Hits Record Levels

More companies than ever before fell victim to payments fraud last year, according to new data. Research from the Association for Financial Professionals (AFP),...

2.3K

Daily Data Dive

PYMNTS’ 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...

48.4K

DoJ Charges Man With $100M Business Email Scam

The U.S. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam....

2.9K

Ransomware Rises 752% in 2016, Trend Micro Says

Trend Micro released its annual security roundup report, “2016 Security Roundup: A Record Year for Enterprise Threats,” which showed that ransomware cyber...

5.9K

Google’s Latest Enterprise Cybersecurity Warning

Security experts are practically begging corporates to get serious with cybersecurity. Research released only days ago from Centrify found that two-thirds of...

7.2K

Private Sector, Health Care, Government All Face Data Security Risks

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds...

18.7K

Paper Checks, Email Fraud Top Enterprise Security Threats

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of...

9.4K

INTERPOL Makes Arrest In $60M Business Email Scam Ring

According to the Federal Bureau of Investigation, cyberscams attacking businesses, known as the Business Email Compromise, has led to $3.1 billion in...

4.9K

FBI Pinpoints ‘Ground Zero’ For Supplier Email Scams

The Federal Bureau of Investigation has been targeting the Business Email Compromise for years, warning companies to be aware of fake supplier emails and...

6.4K

ePayments Fall Short In B2B Payments Protection

Besides the efficiency and cash savings associated with automated processes, businesses that choose to stay connected to paper are missing out on...

Security Startup Grabs $22M To Safeguard Corporate Email

The Business Email Compromise is now a top concern for the enterprise and security providers alike, especially since regulators have released warnings against...

2.6K