PYMNTS

FEBRUARY 1, 2021

Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web. At least 44 percent of the 2020 data breaches examined in the report involved phishing or BEC scams, while 694 businesses reported having been impacted by cyberattacks on their supply chains last year.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

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. In other FBI-related anecdotes around BEC fraud, the bureau noted that scams also came from fraudsters who pretended to be real estate brokers. billion in 2018. billion in 2018.

Business Email Compromise 57

Business Email Compromise FBI Scams Wire 57

PYMNTS

AUGUST 19, 2019

They are getting into an administration system, finding lists of client credentials and then installing [Sodinokibi] on all the clients’ systems.”. 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.

Ransomware 72

Ransomware Business Email Compromise Wire Wires 72

PYMNTS

APRIL 12, 2019

Thus, business email compromise fraud (BEC) is evolving too. As reported in darkreading.com, the gangs using BEC – new gangs and seasoned gangs – have recently been targeting human resource and finance professionals to grab direct deposit payroll information to siphon off funds.

Business Email Compromise 46

Business Email Compromise AFP ACH Email Compromise 46

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. The BEC scam can manifest in many forms. Beyond The BEC. It is so easy for attackers to pull off these kinds of scams,” he said.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. “No legitimate business or utility will call you and ask you to make a payment using a Green Dot card,” AG Frosh said in a statement.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware.

Treasury 52

Treasury Wire Wires Credential 52