Bitcoin Business Email Compromise Wire 
PYMNTS
APRIL 26, 2019
Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. For gift cards, once they have the pictures of the cards from the victims, they sell the cards on gift card exchanges where they can sell the cards to bitcoin. billion in 2018.
PYMNTS
AUGUST 19, 2019
Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. Corporate Wire Fraud. Attorney’s Office, District of Delaware with one count of wire fraud. Through the past 17 years, the unit has “disrupted” $732 million of fraud.
PYMNTS
SEPTEMBER 11, 2019
“Business email compromise involves a criminal impersonating a senior executive or trusted business partner, reaching out to a member of their staff, and convincing that person to wire money to an account to pay a debt or fulfill a purchase order.”. Actors usually get around 70 percent of the face value of the card in bitcoin.”.
Expert insights. Personalized for you.
Let's personalize your content