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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Business email compromise attacks cost organizations $2.4 Rather than relying on email for sensitive changes, institutions should implement vendor portals with proper authentication. Continuous monitoring catches compromises early. For financial institutions, these losses represent just the tip of the iceberg.

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Email’s Role In Combatting Business Email Compromise

PYMNTS

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

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FBI Arrests 74 People For Business Email Compromise Scams

PYMNTS

and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. We will continue to work together with our law enforcement partners around the world to end these fraud schemes and protect the hard-earned assets of our citizens.

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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Cyber Threats Surge in India’s Financial Sector

Fintech News

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. The 2025 Verizon Data Breach Investigations Report underscores the continued rise in vulnerability exploitation.

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SonicWall: SMBs Suffer as AI Automation Tools Lower Barriers to Entry for Cyberattacks

The Fintech Times

Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall.

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How B2B Payments Fraud Hides Within The Enterprise

PYMNTS

“Identifying and promoting mitigation tactics today will service us well as faster payment systems continue to ramp up,” FPC Executive Director Reed Luhtanen said in a statement sent to PYMNTS. “Also remember to ring a number you know to be from the company, do not ring the number stated in the email request.”

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