PYMNTS

NOVEMBER 18, 2019

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. The government and financial services sector are now exploring how to address the issue after payment group Pay.UK

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

OCTOBER 12, 2020

But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place. With over 5,000 cybersecurity vendors in the U.S.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

JUNE 10, 2019

Business enterprise compromise (BEC) scams are crossing borders, where fraudsters in Africa are targeting U.S. According to the site, the group is called Scattered Canary, and has plied its BEC trade over the past decade. companies and government agencies. million.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

AUGUST 5, 2019

Business email compromise (BEC) attempt scams are gaining traction, targeting billions of dollars in ill-gotten gains. As reported by businessinsights.com , the agency has found more than 32,000 documented cases of BEC attempts during that timeframe. Taken on a daily basis, the BEC scams have tried to siphon off $8.7

Business Email Compromise 43

Business Email Compromise Fincen Scams Email Compromise 43

PYMNTS

FEBRUARY 24, 2020

This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud. 2,100 corporates were targeted in a widespread business email compromise (BEC) scam recently uncovered by cybersecurity company Agari , the firm revealed last week. billion in total cybercrime-related losses for the year.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

NOVEMBER 13, 2020

The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding despite this hiccup. It also analyzes these shifts' impact on future international B2B payments. The Pandemic And Changing B2B Needs.

Cross-Border 64

Cross-Border Wire Transfer B2B Wire 64

PYMNTS

FEBRUARY 3, 2020

The accused allegedly tapped a network of 49 shell firms for the business to business (B2B) scam that defrauded the government. When it comes to B2B payment scams , it’s not only outsiders but entities’ own internal personnel that is often the cause of fraudulent activity.

Scams 52

Scams B2B Email Compromise Business Email Compromise 52

PYMNTS

JANUARY 18, 2021

government's inability to curb the risk of fraud that emerged during the first round of PPP funding. This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 But new concerns are mounting over the U.S. Homeland Security investigators.

Scams 87

Scams Business Email Compromise Email Compromise Federal Trade Commission 87

PYMNTS

MAY 3, 2019

The waves of business email compromise (BEC) scams continue, with certain verticals seemingly marked by fraudsters. A recent survey by Proofpoint found that, amid the billions of dollars in fraud that occur worldwide and annually from BEC efforts, attacks on the financial services industry have been increasing.

Business Email Compromise 43

Business Email Compromise Scams Email Compromise Wire 43

PYMNTS

SEPTEMBER 8, 2020

In this week's B2B Data Digest, PYMNTS looks at some of those numbers, finding cybercriminals both within and outside of the enterprise don't discriminate across borders as attacks hit companies in New Zealand, the U.K. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1 and elsewhere.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

APRIL 14, 2017

The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise, but at its highest levels ever since the AFP began recording this information. A government mandate to adopt the new payments system in Europe has forced change in the way businesses make payments.

AFP 40

AFP B2B Business Email Compromise Email Compromise 40

PYMNTS

NOVEMBER 30, 2018

BEC Scams In Australia. The fraud is perhaps more commonly known as business email compromise (BEC). BEC commonly involves fraudsters masquerading as suppliers (through hacked emails) and sending requests for would-be victims to send money to bank accounts, where the details have changed. Trade Invoicing Fraud.

Business Email Compromise 49

Business Email Compromise Scams Money Laundering Email Compromise 49

PYMNTS

DECEMBER 17, 2019

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The scam begins when a company gets a bogus invitation via email to place a bid on a government contract.

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

PYMNTS

APRIL 4, 2019

Meanwhile, instances of the Business Email Compromise (BEC) are also on the rise: About 47 percent of all incidents examined last year were the result of a hack or malware — and, of those, about half were BEC scams. New Attacks Emerge. ” Neither revealed whether they plan to pay the ransom, reports noted.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com.

Business Email Compromise 43

Business Email Compromise Email Compromise Payroll IRS 43

PYMNTS

OCTOBER 5, 2020

In this week’s B2B Data Digest, PYMNTS examines some of these numbers, finding that businesses are falling victim to payments fraud, but that tech firms are taking actions to mitigate cyber risks. . Education and technology verticals are the most impacted sectors by data incidents.

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

JANUARY 30, 2020

. “In many Asian jurisdictions, the real-time platforms have already been extended to businesses and governments,” McConaghy said. “The [fraud] risks are actually heightened in these ecosystems, as the payouts are potentially larger.” Adjusting Banks’ Strategies.

Faster Payments 43

Faster Payments Real Time Payments APACS Financial Crimes 43

PYMNTS

JUNE 21, 2019

In the B2B space, the latest cases are spread across North America, Australia and the U.K. ” Similar predicaments of public image arise when a government falls victim to fraud. Fraud knows no boundaries. In the U.S., Canada’s Crypto Case.

Governance 43

Governance Government Scams Ransomware 43

PYMNTS

DECEMBER 7, 2018

The scope of the scam comes courtesy of cyber threat detection firm Agari, which has said the group, London Blue, seeks to ply its trade through the business email compromise (BEC) effort. Lynch resigned from several government posts this past week.

Scams 68

Scams Credit Cards Email Compromise Business Email Compromise 68