Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million.

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PYMNTS

DECEMBER 30, 2016

2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. These types of platforms can detect fraud faster to reduce financial losses and, in some instances, stop the unauthorized payment through automated transaction blocking.”.

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PYMNTS

NOVEMBER 21, 2019

Secure Payments is able to automate the verification process for supplier account details, which is often compromised in B2B payments fraud tactics like the Business Email Compromise, in which a fraudster poses as a legitimate supplier and requests account detail changes to receive payments from their target.

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PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. Of respondents who said they were targeted by payments fraud last year, a combined 41 percent said the fraud involved ACH transactions, both debit and credit.

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PYMNTS

MAY 3, 2016

When details emerged last month of SWIFT’s software compromise , it signaled, to some, the likely start of a spree of hacking attempts. There’s one type of payments fraud in particular that comes to mind, said Wilhelm, when considering some of the cyberthreats banks already have trouble dealing with today: the business email compromise. “It

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