Finovate
JULY 17, 2025
Founded in 2011, BioCatch made its Finovate debut at FinovateFall 2014 in New York. These sophisticated social engineering-based scams can range in tactics from romantic overtures and investment pitches to business email compromise and impersonation of friends or loved ones.
PYMNTS
JUNE 22, 2020
But don’t let the good news fool you: just because business email compromise scammers may not be targeting c-suite executives doesn’t mean their fraudulent crimes are easing. At the same time, the percentage of companies that say they have been impacted by fraud actually declined year-over-year. ” $1.4 ” $1.4
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
JANUARY 13, 2020
Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account. According to local Kentucky Today reports, $1.5
PYMNTS
OCTOBER 7, 2020
The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist. The Dark Web Likes Bitcoin, Too .
PYMNTS
NOVEMBER 7, 2017
The Business Email Compromise (BEC) scam is jeopardizing millions of dollars for businesses of all sizes and industries. Brick submitted a claim to Chubb for about $225,000 in 2011, according to reports, but the insurance company denied to cover the claim on grounds that Brick’s own instructions to transfer money were not fraudulent.
PYMNTS
MAY 12, 2017
percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. From October 2013 through December 2016, a new report from the FBI suggests cybercriminals used business email compromise (BEC) scams to try and steal some $5.3 million in the U.S. billion across organizations.
PYMNTS
SEPTEMBER 9, 2016
And after a brief dip in 2010 and 2011, the increase continued until it peaked in 2014, according to Financial Fraud Action UK. This fraud increase came after various financial institutions failed to implement a solid authentication apparatus to keep a check on fraudsters. In 2009, it was 14 percent higher than levels seen the previous year.
Expert insights. Personalized for you.
Let's personalize your content