Business Email Compromise

SMBs Severely Underestimate Data Breach Costs
SMBs Severely Underestimate Data Breach Costs
September 23, 2019  |  B2B Payments

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger...

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Email B2B Scams Cost $26B Over Last Three Years
Email B2B Scams Cost $26B Over Last Three Years
September 11, 2019  |  Security & Fraud

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools...

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Toyota Unit Loses $37M To Vendor Payment Fraud
Toyota Unit Loses $37M To Vendor Payment Fraud
September 10, 2019  |  B2B Payments

A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports. The publication said...

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BEC Fraudsters Eye HR Departments As Prey      
BEC Fraudsters Eye HR Departments As Prey      
April 12, 2019  |  B2B Payments

Fraudsters are always evolving and now are training BEC scams to focus on HR and finance departments.  Separately ACH debit and ACH credit fraud are...

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Report: BEC Fraud Increasingly Goes Mobile
Report: BEC Fraud Increasingly Goes Mobile
March 21, 2019  |  Security & Fraud

The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a springboard to trick...

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SEC Urges Corporate Accounting Changes Amid Rising BEC Scam Threat
SEC Urges Corporate Accounting Changes Amid Rising BEC Scam Threat
October 25, 2018  |  B2B Payments

As U.S. public companies brace for wide-ranging changes to accounting standards, the U.S. Securities and Exchange Commission (SEC) wants corporate accountants and financial executives to...

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SEC Warns Cos To Prioritize Cybersecurity
SEC Warns Cos To Prioritize Cybersecurity
October 17, 2018  |  Security & Fraud

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

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Easy Pickings For BEC Criminals?
Easy Pickings For BEC Criminals?
October 05, 2018  |  B2B Payments

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

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In Payments Fraud, Impersonation Gets Personal
In Payments Fraud, Impersonation Gets Personal
September 07, 2018  |  B2B Payments

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

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