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FBI, BBB Sound Another Business Email Compromise Alarm

PYMNTS

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

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Google’s Latest Enterprise Cybersecurity Warning

PYMNTS

Spam, Google wrote in a Security Blog post , is certainly the most common cyberattack to hit an email inbox. But phishing and malware scams are significantly more common for corporate inboxes, with cyber attackers more than four times as likely to hit a business email than a personal one when looking to infect a computer with malware.

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Report: BEC Fraud Increasingly Goes Mobile

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As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. As reported in Credit Union Times , the attacks are still done through email, but also look for mobile number details to “better coerce” intended victims to funnel funds to bad actors’ accounts.

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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. BioCatch pointed to this risk in its blog post, too.

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When Vendors Open Doors To Cyberattackers

PYMNTS

million business email compromise scam. Finally, eSentire’s report said, SS&C Technologies was sued by Tillage Commodities Fund, for which SS&C acted as third-party administrator, with allegations that SS&C failed to conduct its due diligence, leading the company to fall for a $5.9

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What WhatsApp’s Security Vulnerability Means For Freelancers

PYMNTS

In a blog post published Monday (July 15), Symantec warned of the security vulnerability that could lead to what it called a “Media File Jacking,” in which an attacker is able to manipulate a file when sent from one user to another. The publication also noted that WhatsApp has not found evidence of this vulnerability ever being exploited.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel. I blogged about this tragic phenomenon in 2018 and my advice rings as true as ever. ACH volumes in the United States increased 8.7% in 2021, with P2P transactions up nearly 25%, to 271.2