PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

NOVEMBER 6, 2017

billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. Nelson joined the organization in 2006 after previously serving as the executive vice president of NACHA- The Electronic Payments Association. percent from Q2 2016 to Q2 2017. It was becoming an epidemic.”. About the Tracker .

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

PYMNTS

JANUARY 9, 2019

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. The treasury department is an increasingly attractive target to cyber fraudsters.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56