PYMNTS

FEBRUARY 20, 2020

The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy. ” However, the research showed that CFOs aren’t always the ones behind fraud, and are sometimes pressured to take part.

Romance Scams 56

Romance Scams Email Compromise Business Email Compromise Phishing 56

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. Researchers advised small business owners to not download any email attachments from an unnamed address.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

APRIL 30, 2018

” In a survey of treasurers, cash management professionals, CFOs and other professionals in the treasury department, researchers found that nearly two-thirds of respondents (61 percent) feel they are in a better position this year to combat fraud within their organizations compared to last year. “There is a lot more to be done.”

Email Compromise 59

Email Compromise Treasury Ransomware Wire 59

PYMNTS

AUGUST 24, 2020

The business email compromise (BEC) scam continues to rear its ugly head at the enterprise, with the global pandemic creating even more avenues through which cyber attackers can steal company money. At the heart of BEC and other scams is impersonation. IT teams are already growing more concerned about this risk.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

APRIL 14, 2017

In its 2017 AFP Payments Fraud Survey , researchers noted a “dramatic” increase in corporate payments fraud compared to levels seen in 2015. One of the largest culprits: paper checks. Carlsson noted earlier research released by the AFP for its analysis of the use of electronic payments among corporates.

AFP 40

AFP B2B Business Email Compromise Email Compromise 40

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

OCTOBER 3, 2017

isn’t the only place where business email scams are threatening the enterprise. New research from RSM, which provides consulting services to middle-market firms, finds that U.K. 2), which highlighted RSM’s research, U.K. Earlier this year, TD Bank warned that this scam, known as the business email compromise in the U.S.,

Email Compromise 41

Email Compromise Scams NACHA Compromise 41

PYMNTS

DECEMBER 24, 2018

Themes emerged, some frightening – as when it comes to getting a sense of the impact of payments fraud – and some hopeful, as evidenced in, say, businesses finally moving toward killing the check. It seems like every time somebody does some research on this topic,” observed Divitt, “the numbers tend to grow.”. Good vs. Bad.

Financial Crimes 65

Financial Crimes B2B Real Time Payments Crime 65

PYMNTS

APRIL 26, 2018

More than a tenth of small firms told researchers they had suffered a cyberattack; more than 8 percent of that group said they had to reduce staff levels to cover the cost of cybercrime. With the new research, Barclays is launching an initiative in the U.K. If an email or call sounds fake, check it.”.

Cybersecurity 40

Cybersecurity Email Compromise Small Business Account Takeovers 40

PYMNTS

JANUARY 26, 2017

Last year, ‘disruption’ was the watchword in payments — primarily the FinTech variety,” concluded Ken Paterson, Mercator Advisory Group VP of research operations and author of the report. Still, cybercrimes like wire fraud and the business email compromise scam will remain prevalent in the industry.

B2B 54

B2B Innovation B2C Faster Payments 54

PYMNTS

NOVEMBER 17, 2020

Chaos and disarray, of course, have been the hallmarks of the pandemic, and even of the leap in moving from paper checks and in-person commerce and banking to digital conduits. So, it might start with a counterfeit check, but it comes from social engineering from social media,” she offered as an example.

Authentication 78

Authentication Online and Mobile Banking Financial Crimes Mobile Banking 78

PYMNTS

DECEMBER 12, 2017

Paper checks for domestic suppliers, wire transfers for international ones. Most businesses and accountants still rely on antiquated, paper-based methods to manage some stages of their process,” he said in an emailed interview with PYMNTS, pointing to the continuing popularity of checks and wire.

Accounts 44

Accounts Wire Transfer Wire Wires 44

PYMNTS

NOVEMBER 9, 2017

But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. According to Chris Schmidt, director of research and custom content at CFO Publishing , the data paints a clear picture about executives’ concerns over fraud.

Risk Management 43

Risk Management Risk Treasury AFP 43

PYMNTS

NOVEMBER 10, 2017

Earlier this year, researchers at the Association for Financial Professionals found that instances of check fraud and Business Email Compromise scams increased between 2015 and 2017, with fraud originating both within and outside the enterprise. It’s a very involved process.

Duplicate 44

Duplicate Audit Email Compromise Use Case 44

FICO

APRIL 29, 2022

For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. 04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

OCTOBER 2, 2018

It seems like every time somebody does some research on this topic,” observed Divitt, “the numbers tend to grow.”. He described this as a “group of both business email compromise, BEC as it’s called, or CEO fraud.” Consider the $1.45 Cybercrime and financial crimes were the most common offenses, Webster stated. “It

Money Laundering 59

Money Laundering Crime Financial Crimes Business Email Compromise 59

CB Insights

JULY 23, 2020

Lobbies and building entrances: pre-entry wellness checks. Lobbies and building entrances: pre-entry wellness checks. Her temperature is checked before she waits in a socially distanced line for the elevator. Health screenings and verification using contactless wellness checks will also likely become common in office lobbies.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

JUNE 21, 2019

It was then revealed that the check was not deposited into the company’s bank account, but routed into a Maryland account owned by NRA CFO Wilson H. The cyberattack on the city was launched when a member of its police department clicked on an email attachment with an infected link. Phillips, Jr. Canada’s Crypto Case.

Governance 43

Governance Government Scams Ransomware 43

PYMNTS

APRIL 10, 2017

In the latest PYMNTS Data Digest, we look at the research on what’s “up” with SMEs — like optimism and borrowing levels. Its small business cost index, released in conjunction with the Centre for Economics and Business Research, found that the 3.2 SMEs need profits, sales, and performance all to be on the rise.

AFP 40

AFP Small Business Email Compromise Federal Reserve 40