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.

Scams 62

Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

SEPTEMBER 9, 2019

million has been returned to the City of Unalaska in the wake of an investigation by federal authorities into business email compromise (BEC) fraud. .” The tax department also is reportedly looking at how such activities might be addressed by the Indian Penal code.

Business Email Compromise 40

Business Email Compromise PayPal Email Compromise Scams 40

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

Wire Transfer 46

Wire Transfer Wires Wire Cross-Border 46

PYMNTS

SEPTEMBER 9, 2016

For example, faster file exchanges also mean that returns can happen more rapidly, reducing some fraud risks. A total of 17,642 reports of BEC were reported to authorities between Oct. 2016, according to the FBI. billion, the FBI reported. 2013 and Feb. The cost of such attacks? A whopping $2.3

Same Day ACH 40

Same Day ACH ACH ODFI Faster Payments 40

CB Insights

JULY 23, 2020

While many office workers are still working from home , others across the world are now beginning to return to their offices in person for the first time in months. However, in the US, 2 out of 3 workers still feel uncomfortable returning to the workplace, according to a Qualtrics study.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101