PYMNTS

NOVEMBER 18, 2019

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. said last week, noting that Ireland’s gardaí have issued warnings to businesses over the threat of the BEC scam.

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account.

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B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

NOVEMBER 6, 2017

Scammers deploying the Business Email Compromise (BEC) scam have proven no company, regardless of size and industry, is immune to this crime. Reports in The Art Newspaper say BEC scammers seem to have a new favorite target this time: art galleries. Somebody sent out another email saying, ‘Ignore my previous invoice.

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Scams Business Email Compromise Email Compromise Wire Transfer 43

PYMNTS

FEBRUARY 3, 2020

A PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. . The cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud. .

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Scams B2B Email Compromise Business Email Compromise 52