Fintech News

MAY 8, 2025

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. The surge of deepfakes The rise of AI has also led to a surge in deepfake attacks.

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Data Breach Deepfake MFA Phishing 121

PYMNTS

AUGUST 26, 2019

The individuals are charged with using business e-mail compromise (BEC) scams to dupe victims. Each of the defendants has been charged with “conspiracy to commit fraud, conspiracy to launder money, and aggravated identity theft,” according to the complaint and reports said other defendants also face fraud and money laundering charges.

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Business Email Compromise Romance Scams Scams Identity Theft 58

PYMNTS

MAY 1, 2017

The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer. BEC fraud has been on the rise across the globe. The Federal Bureau of Investigation said it had found that BEC scams led to $3.1

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PYMNTS

JUNE 3, 2020

Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle. Those customers have been seeing an uptick in BEC fraud, identity theft and synthetic ID schemes, and in some cases the bad actors have been trying to siphon off funds from the Paycheck Protection Program (PPP).

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Business Email Compromise Email Compromise Real Time Payments Authentication 71

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. The report states that these victims mostly lost their money to BEC scams. The report states that these victims mostly lost their money to BEC scams. The most damaging form of BEC is account takeover (ATO) attacks.

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Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

MAY 2, 2017

The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer. Rimašauskas has since been charged with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft.

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Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

SEPTEMBER 11, 2019

The same criminal organizations that perpetrate BEC also exploit individual victims, often real estate purchasers, the elderly, and others, by convincing them to make wire transfers to bank accounts controlled by the criminals,” the DOJ said. The operation also resulted in the seizure of nearly $3.7

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