The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. FinCEN...
Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S....
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as...
With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can...
Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment, Luckin Coffee’s internal accounting fraud investigation, and new...
The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted...
While troubling times can showcase humanity’s resiliency, they can also bring out the worst in people. Case in point: Federal watchdogs continue to sound alarms...
Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the...
The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new...