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BEC Fraudsters Eye HR Departments As Prey      

PYMNTS

Thus, business email compromise fraud (BEC) is evolving too. As reported in darkreading.com, the gangs using BEC – new gangs and seasoned gangs – have recently been targeting human resource and finance professionals to grab direct deposit payroll information to siphon off funds.

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Cyberattackers Turn To Payments Fraud, Ransomware As Tech Firms Fight Back

PYMNTS

81 percent is the share of business owners who experienced payments fraud in 2019, according to a JPMorgan Chase announcement , citing a recent poll by the Association for Financial Professionals (AFP) and J.P. The first half of this year had a 35 percent rise in overall attack volume in contrast to the latter half of last year.