Business Email Compromise

91% of Mid-Sized Firms Plan to Expand AP Automation to Combat Fraud
91% of Mid-Sized Firms Plan to Expand AP Automation to Combat Fraud
January 15, 2025  |  Fraud Prevention

As cybercriminals target more businesses, accounts payable (AP) departments are more vulnerable to fraud. With more than 80% of U.S. companies affected by sophisticated digital...

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BEC and Phishing Attacks Surge, Exploiting New Domain Names
BEC and Phishing Attacks Surge, Exploiting New Domain Names
December 06, 2024  |  Cybersecurity

Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has unveiled a new frontier of fraud, one where malicious...

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FBI Alerts Companies About Fraudulent Emergency Data Requests
FBI Alerts Companies About Fraudulent Emergency Data Requests
November 11, 2024  |  Cybersecurity

The FBI is alerting companies that cybercriminals are using compromised U.S. and foreign government email addresses to send fraudulent emergency data requests. By sending these...

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Securing the Cyber Perimeter Starts With Safeguarding Corporate Emails
Securing the Cyber Perimeter Starts With Safeguarding Corporate Emails
November 01, 2024  |  Cybersecurity

Corporate email accounts are among the most exploitable entry points for scammers. Phishing, ransomware and business email compromise (BEC) attacks cost companies billions of dollars...

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Why Business Email Compromise Scams Target Valuable B2B Relationships
Why Business Email Compromise Scams Target Valuable B2B Relationships
August 14, 2024  |  Security & Fraud

Email remains a cornerstone of communication, especially within business-to-business (B2B) relationships. This reliance on email, however, has also made it a prime target for savvy...

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Tech Giants Intensify AI Investments to Strengthen Connected Economy
Tech Giants Intensify AI Investments to Strengthen Connected Economy
May 06, 2024  |  artificial intelligence

As businesses seek to strengthen the connected economy, they are harnessing artificial intelligence (AI) to bolster security measures and combat the ever-evolving landscape of sophisticated...

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Cybercriminals Are Invading Corporate Inboxes: What Small Businesses Can Do
Cybercriminals Are Invading Corporate Inboxes: What Small Businesses Can Do
April 09, 2024  |  Cybersecurity

Behind every business is a group of individual employees. And, in most cases — and for most firms — those individuals use their work, or...

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Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
July 12, 2023  |  Fraud Prevention

For every new fraud scheme that pops up, dozens of FinTechs are responding to quash it. Yet despite their expertise in cutting-edge technology, FinTechs are...

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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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