PYMNTS

NOVEMBER 18, 2019

In Ireland, police are sounding the alarm on the threat of B2B payments fraud after multiple businesses lost hundreds of thousands of dollars to business email compromise (BEC) scams. Hassold provided a public comment on the vendor email compromise scam. Meanwhile, in the U.K.,

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

OCTOBER 7, 2019

This week’s B2B Fraud Tracker looks at the latest cases and allegations of fraud, which show rising sophistication in fraudsters’ tactics: internal bad actors are no longer acting alone, BEC scams are no longer reliant on chance and financial institutions face a growing trend in loan fraud. A New Twist On the BEC Scam.

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Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

JANUARY 18, 2021

. $500,000 or more in fines may be issued to a Massachusetts woman who pleaded guilty to taking part in a BEC scam, according to a press release by the U.S. He allegedly filed tax returns for tens of thousands of dollars, using these invoices to support the filings. Department of Justice.

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Scams Business Email Compromise Email Compromise Federal Trade Commission 87

PYMNTS

SEPTEMBER 9, 2019

In anecdotes reported by Tamebay, seller accounts have been compromised, the fraudsters buy URLs with similar addresses and tie an e-mail account to that address. million has been returned to the City of Unalaska in the wake of an investigation by federal authorities into business email compromise (BEC) fraud.

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Business Email Compromise PayPal Email Compromise Scams 40

PYMNTS

FEBRUARY 22, 2019

Much has been said in this space about Business Email Compromise ( BEC ) scams, where bad actors frequently pose as corporate officials, directing targeted individuals to send money to different accounts, or they pose as suppliers and present phony invoices to be paid.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

PYMNTS

OCTOBER 2, 2018

They look for the best returns on investment (ROIs), measuring risk and reward behind the malevolence — and for now, at least, that means targeting enterprises large and small. He described this as a “group of both business email compromise, BEC as it’s called, or CEO fraud.” The bad guys and gals? Relationships Preyed Upon.

Money Laundering 59

Money Laundering Crime Business Email Compromise Financial Crimes 59

PYMNTS

OCTOBER 10, 2018

One of the biggest problems with wire, particularly in the B2B payments space, is its target for fraud, and the Federal Bureau of Investigations (FBI) says instances of business wire fraud, commonly referred to as the business email compromise, are climbing. Thieves attempted to steal $5.3 counterparts are not available.

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Wire Transfer Wire Wires Cross-Border 46