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FBI Probe, Oracle Suit Eye Amazon’s Government Procurement Role

PYMNTS

The Federal Bureau of Investigation (FBI) has launched a preliminary investigation into Amazon ‘s work with the U.S. While the FBI declined to comment on the matter, former FBI Agent Thomas Baker told the FNN that such investigations involving the DoD IG are not uncommon. Communities.

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FBI Details Evolving Sophistication Of BEC Scammers

PYMNTS

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. million, a reflection of how B2B invoices can be used to defraud government entities, too.

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Email Scammers Are Targeting B2B Firms In Today’s Work-From-Home Era

PYMNTS

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 Reichel said that since so much B2B interaction is now online, that’s opened the door for criminals to intercept emails and then impersonate legitimate executives and vendors. What B2B Firms Can Do.

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain. According to local Kentucky Today reports, $1.5

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FBI: BEC Scams Stole $1.2B In 2018

PYMNTS

Recently announced statistics from the Federal Bureau of Investigation (FBI) bear out this trend. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. billion in 2018. In Ireland.

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FBI, BBB Sound Another Business Email Compromise Alarm

PYMNTS

Federal Bureau of Investigation (FBI) was deployed to Kenya to investigate the matter after accounts payable department professionals for Fairfax County, Virginia received an email claiming to be from Dell Computers, requesting that the county reroute pending payments to a different, Ohio-based account.

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FBI Sets Sights On Payroll Fraud Scheme

PYMNTS

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Amid those figures, B2B transactions are up 13 percent and stand at 16 percent of ACH volume. Payment fraudsters are looking to get between consumers and their paychecks.

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