PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. The plan is now open for public comment, reports said. Mailprotector.

B2B 80

B2B FinTech MSPS Email Compromise 80

PYMNTS

AUGUST 24, 2020

This week's B2B Data Digest looks at the rising threat of the business email compromise (BEC) scam and invoice fraud on companies of all sizes in the U.S., A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Canada and the world over.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

JUNE 13, 2019

That’s particularly true in the B2B eCommerce space, as the online shopping habits of consumers spill into their professional lives when making purchases for a company, and as B2B eCommerce solution providers vow to offer an “Amazon-like” experience fit for the corporate world. Reports in Bloomberg , citing a U.K.

B2B 55

B2B Phishing Cybersecurity Data Breach 55

PYMNTS

APRIL 3, 2018

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Separate reports by the Associated Press also pointed to an email phishing scam as the likely culprit.

Phishing 51

Phishing Breach Data Breach Scams 51

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Forty-seven percent of respondents said the reason they fell for a phishing scam was simply because they were distracted.

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Law Enforcement Scams Phishing B2B 101

PYMNTS

AUGUST 9, 2018

“Threat actors are targeting enterprises by impersonating the services that enterprises rely on every day, such as email service providers and software as a service (SaaS) platforms,” said PhishLabs in a recent summary of the changing nature of phishing attacks. B2B Payments Problems. A main vulnerability stems from B2B payments.

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B2B Phishing Scams Data Breach 44

PYMNTS

DECEMBER 28, 2020

Further, FinCEN said phishing schemes could surface targeting people with fraudulent vaccine information, the sale of unapproved and illegally marketed vaccines and the sale of counterfeit versions of approved vaccines. There have already been ransomware attacks aimed at medical research facilities working on vaccinations.

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Last year, small business accounting company MYOB had its name used by phishing scammers who targeted small businesses. While there are several versions of the email, they all include the Square logo, according to reports.

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Phishing Scams Business Email Compromise Email Compromise 51

PYMNTS

FEBRUARY 21, 2020

In a market ecosystem where Instagram influencers are a new norm in advertising, and where corporate sponsorships are diversifying throughout the digital ether, businesses’ vast network of strategic B2B partnerships is getting even bigger, and more complex. From Discovery To Payment. Slashing The AP Ambiguity.

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B2B Process Automation Payments 65

PYMNTS

SEPTEMBER 28, 2020

In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. Fifty-nine percent of survey respondents agree that phishing emails look more legitimate than ever before.

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Phishing Treasury Treasury Management B2B 96

PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

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Phishing Scams Small Business Cybersecurity 40

PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

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Email Compromise Compromise Business Email Compromise Phishing 96

PYMNTS

JUNE 23, 2016

Small business accounting platform Xero has introduced an upgrade that aims to make transactions between businesses more secure amid rising phishing scams. The company said doing so is more secure than sending bills via email, as users cannot make changes to these documents unless they sign into the Xero portal.

Phishing 40

Phishing Scams Online and Mobile Banking Small Business 40

The Fintech Times

DECEMBER 26, 2023

In November 2023, NXTP , the early-stage B2B venture investor in Latin America, announced the closing of its third and largest fund, NXTP III. It applies a thesis-driven investing approach across several B2B technology verticals. These include fintech, SaaS and cloud, e-commerce enablers, B2B marketplaces, and AI.

B2B 64

B2B Due Diligence AI Central Bank 64

PYMNTS

AUGUST 24, 2018

Phishing still grabs victims by the wallet, and Barclays warns against social engineering. It is called phishing and lures the unwitting corporate executive or owner into giving away sensitive data or sending money to the fraudster. Business can bring people together who never see each other face to face.

Phishing 40

Phishing NACHA Checks Facilitators 40

PYMNTS

DECEMBER 4, 2020

Today in B2B payments, IBM uncovers a business email scam targeting the vaccine supply chain, while Intuit finalizes its Credit Karma takeover. Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering. SellersFunding Expands Working Capital Services To Canada, UK, EU.

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Scams B2B Cross-Border Cross-Border Payments 61

PYMNTS

NOVEMBER 9, 2018

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. PYMNTS takes a look at the latest in B2B FinTech funding below. Based in Germany, Fraugster raised more than $13.9 million for its anti-fraud solutions designed for retailers.

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B2B Small Business Online and Mobile Banking Finance 63

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

JULY 19, 2020

Javvad Malik , security awareness advocate at KnowBe4, said the attack highlights the need for “a layered defensive strategy, in particular against credential stuffing, exploitation of unpatched systems, and phishing emails which are the main source of ransomware,” teiss reported.

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Ransomware Phishing Encryption Data Breach 60

PYMNTS

AUGUST 24, 2018

The social engineering gambit is, of course, known as phishing, and lures the unwitting into giving away sensitive data or sending money to the fraudster. In terms of methods, the bank warns business owners to be vigilant against social engineering, which means it is urging “professional services clients to check, check and check again.”.

Phishing 41

Phishing Cybersecurity Payments NACHA 41

PYMNTS

MARCH 29, 2018

This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? Offering value for both ends of a B2B payment could help address the rising issue of late supplier payments too.

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Checks B2B ACH Payments 43

Payments Source

APRIL 16, 2019

Some companies believe that their employees will know the difference between legitimate versus spoofed emails. While this might be true some of the time, even one mistake can be costly, writes David Barnhardt, executive vice president of product at Giact.

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B2B Product Phishing ISOs 88

PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons.

Phishing 40

Phishing Security Scams Email Compromise 40

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? The phishing campaign targets consumers and also commercial users. As the site noted, no card issuer would send an email with such prompts.

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Phishing Credential Scams Payments 72

PYMNTS

DECEMBER 8, 2017

Cambridge, of course, as an international B2B payments provider, has seen some sea change of its own, having been acquired this past August by FLEETCOR Technologies. The deal gives FLEETCOR leverage in the $145 billion B2B cross-border payments market. Webster queried McDonald about the changes wrought by the FLEETCOR acquisition.

B2B 44

B2B Cross-Border Cross-Border Payments Payments 44

PYMNTS

DECEMBER 7, 2020

According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions. This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification.

Business Email Compromise 91

Business Email Compromise Scams Email Compromise Crime 91

PYMNTS

DECEMBER 22, 2016

Data security company Imperva, reports said, found that phishing attacks are more likely to be successful when a person opens an email at work (with 35 percent of phishing emails sent between 9 a.m.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

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. and elsewhere. million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

APRIL 4, 2019

More recently, analysts at Vade Secure issued a warning over an emerging phishing strategy looking to steal corporate funds. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal. Furthermore, traditional cybersecurity technology cannot always detect this kind of attack.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

JUNE 20, 2018

Business scams are nothing new. There are just new ways to do them, it seems, and in the age of technology, the crackdowns on bad actors are going global. This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses.

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Scams Phishing Federal Trade Commission Wire 45

PYMNTS

DECEMBER 16, 2019

Unfortunately, this time of year fails to bring relief for businesses that fall victim to corporate and B2B payments fraud, too. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud. More on that below.).

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Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

JULY 29, 2016

With $95 million injected into B2B startups over the last week, venture capitalists had their purse strings loose. PhishMe uses the employee as a tool to identify and thwart cyberattacks by educating them to identify phishing emails — a major cyberproblem for businesses, as criminals send fraudulent emails requesting fake supplier payments.

B2B 40

B2B Cross-Border Cross-Border Payments Small Business 40

PYMNTS

JANUARY 27, 2020

Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. Below, PYMNTS explores the numbers behind the latest cases of B2B payments fraud — from attacks targeting government entities to banks’ struggle in managing the fraud threat from real-time payments.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. “This is an opportunity to conduct pretty robust cyber-espionage, if not cyber-hostage taking.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

PYMNTS

SEPTEMBER 21, 2019

Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs. 20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week.

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Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

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Scams Automation Phishing Email Compromise 63

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier.

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Fed Secure Payments Task Force Security Federal Reserve 77