Business Email Compromise

Phishing Scam Masquerades As Square To Target Businesses
Phishing Scam Masquerades As Square To Target Businesses
July 30, 2018  |  Security & Fraud

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

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Business Email Scam Losses Now Top $12 Billion
Business Email Scam Losses Now Top $12 Billion
July 20, 2018  |  B2B Payments

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

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Treasurers Overconfident On Cyber Defenses
Treasurers Overconfident On Cyber Defenses
April 30, 2018  |  B2B Payments

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

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How Fake News Drives Corporates To Redirect Their Security Strategies
How Fake News Drives Corporates To Redirect Their Security Strategies
March 28, 2018  |  B2B Payments

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

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IBM Uncovers Business Email Scam Targeting Fortune 500 Firms
IBM Uncovers Business Email Scam Targeting Fortune 500 Firms
February 26, 2018  |  B2B Payments

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

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UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
UK Watchdog Wants Banks To Change Push Payments Fraud Strategy
February 20, 2018  |  B2B Payments

U.K. consumer watchdog Which? is calling for better protections against push payment scams, according to reports. A press release by Which? issued Monday (Feb. 19)...

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SMBs Have Payment Fraud Blind Spot
SMBs Have Payment Fraud Blind Spot
February 07, 2018  |  SMBs

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

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FBI Cyber Head Reinforces Need For Action On Corporate Security
FBI Cyber Head Reinforces Need For Action On Corporate Security
February 01, 2018  |  B2B Payments

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

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Cyber Grinch Steals Nearly $600K From Dublin Zoo
Cyber Grinch Steals Nearly $600K From Dublin Zoo
December 27, 2017  |  B2B Payments

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

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