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., according to recent reports from The Guardian.

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 19 million in shipping scams hit Amazon , according to U.S. He allegedly filed tax returns for tens of thousands of dollars, using these invoices to support the filings.

Scams 87

Scams Business Email Compromise Email Compromise Federal Trade Commission 87

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

FEBRUARY 22, 2019

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. The site said the most recent scams had been uncovered before such deposits were made, but added that other attempts had been successful in the past.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

PYMNTS

SEPTEMBER 9, 2019

In the United Kingdom, online marketplace news site Tamebay reported this past week that eBay has allegedly not stopped a scam where fraudsters changed details of sellers’ PayPal addresses and diverted funds into scammers’ accounts. Or is it already happening to you and you just aren’t aware you’re being scammed?

Business Email Compromise 40

Business Email Compromise PayPal Email Compromise Scams 40

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. The nature of being scammed leads the victim to feel like they are solely responsible or that they have made mistakes. The bad guys and gals?

Money Laundering 59

Money Laundering Crime Business Email Compromise Financial Crimes 59

PYMNTS

OCTOBER 10, 2018

Earlier this year, the FBI said the value of successful BEC scams has now surpassed $12 billion. It can cut down on returns and investigations, Mugford noted, but when it comes to the slippery slope of wire scams like the business email compromise, corporates and banks have to remain vigilant.

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Wire Transfer Wire Wires Cross-Border 46