PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace. Fraudsters are getting smarter.

Accounts

PYMNTS

AUGUST 12, 2019

Business email compromise has come to high school sports. Department of the Treasury, has estimated in recent weeks that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. As reported this past week by Fox 5 in Washington, D.C.,

Business Email Compromise

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. BioCatch pointed to this risk in its blog post, too.

Faster Payments

PYMNTS

APRIL 14, 2017

To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. To his dismay (and to the dismay of businesses across the U.S.), much of the data offers a pessimistic outlook on how companies are at risk for payments fraud. Only about 10 hands came up.”. “I

AFP

PYMNTS

AUGUST 5, 2019

Business email compromise (BEC) attempt scams are gaining traction, targeting billions of dollars in ill-gotten gains.

Business Email Compromise

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

PYMNTS

OCTOBER 26, 2018

BEC, the acronym for business email compromise scams, is getting its share of attention. The theft happened in July of this year and is being investigated by the Treasury Department. Reports from various news sources said this week that scammers who posed as city vendors bilked nearly $700,000 from the Washington, D.C.

Business Email Compromise

PYMNTS

NOVEMBER 9, 2017

Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors.

Risk Management

PYMNTS

MAY 7, 2018

In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not. That’s the reality: Every system can be compromised.” Verify transaction requests. Report any suspicious activity.

Same Day ACH

PYMNTS

JULY 26, 2017

Phishing, ransomware, business email compromises, data theft and denial-of-service tactics can be especially harmful to FIs, and not only threaten the bank, but put the FI’s entire supply chain at risk, too.

OCC

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. Reports of widespread cyberattacks on several U.S. The thinking goes that if the U.S.

Governance