Fi911

JUNE 9, 2025

Business email compromise attacks cost organizations $2.4 Banks and credit unions face a perfect storm of attractive targets, sophisticated attackers, and mounting regulatory scrutiny that makes BEC prevention a critical priority. Continuous monitoring catches compromises early.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials.

BSA 49

BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

PYMNTS

OCTOBER 7, 2019

Separately, researchers at Agari are warning of Silent Starling, the newest cybercriminal ring using a Vendor Email Compromise (VEC) scam to steal company cash from supply chains. “VEC is the next evolution of business email compromise. . “VEC is the next evolution of business email compromise.

Scams 62

Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. The Financial Crimes Enforcement Network (FinCEN) recently issued a warning that malware, phishing schemes, extortion and business email compromise are in fact all on the rise.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

PYMNTS

MARCH 21, 2019

As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. As reported in Credit Union Times , the attacks are still done through email, but also look for mobile number details to “better coerce” intended victims to funnel funds to bad actors’ accounts.

Business Email Compromise 45

Business Email Compromise Scams Email Compromise Compromise 45

PYMNTS

APRIL 5, 2019

Stacy Arruda, a former special agent with the FBI and now executive director of the state of Florida ISAO on cybersecurity, said that part of the problem is that when it comes to protecting credit unions — and really any financial institution — danger lurks in what they don’t know. What to Do.

FBI 50

FBI Credit Union Credential Cybersecurity 50