Employees are simultaneously a company’s first line of defense and their weakest link. That is because as today’s quick-moving, instant-everything modern world offers more hyperconnected...
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén Rivera, finance director...
The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack...
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was...
The Justice Department has unsealed an indictment spanning hundreds of charges against 80 individuals, many of them Nigerian nationals. The charges detail elaborate BEC schemes...
BEC scams are proving lucrative, according to recent FBI reports, which found that the bad guys’ haul doubled in 2018 over 2017. Separately, in Ireland, students...
Invoice fraud is on the rise in the UK, with half of all businesses exposed, according to a Santander study. Separately, a US college campus...
Technology speeds commerce and eases daily life, but also acts as a conduit to payments fraud. To that end, Metro Bank said earlier this week...
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...