Fi911

JUNE 9, 2025

Business email compromise attacks cost organizations $2.4 What started as simple phishing emails has evolved into complex schemes involving social engineering, insider knowledge, and technical sophistication that can fool even experienced professionals.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

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. The sentence follows charges by the U.S.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

JUNE 12, 2019

But the bad guys, armed with that very wealth of knowledge, schooled in what works in victimizing companies across sophisticated avenues such as business email compromise scams, are conducting asymmetrical warfare. Wire transfers can be steered toward fraudsters’ bank accounts.

Accounts 62

Accounts Email Compromise Same Day ACH Compromise 62

PYMNTS

APRIL 30, 2018

Fraudsters can automate the process by which they infiltrate email accounts and learn to speak like a CEO or CFO to initiate a fraudulent wire transfer, a scam known as the business email compromise (BEC). According to Jeffery, rising automation of cybercrime means businesses are often outpaced by criminals.

Email Compromise 59

Email Compromise Ransomware Treasury Wires 59

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. “Wire transfer fraud is of particular concern for corporate treasury,” the company wrote.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56