PYMNTS
JANUARY 18, 2021
The individual is accused of conspiring to open bank accounts in the state for fraudulent companies in order to perpetuate the business email compromise (BEC) scam, which involves issuing fake invoices to companies' accounts payable departments. Department of Justice. business director, reports in Euro Weekly News said.
PYMNTS
AUGUST 17, 2020
In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back.
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PYMNTS
SEPTEMBER 28, 2020
The Federal Trade Commission (FTC) found 184,000 instances of pandemic-related fraud had occurred in the United States since the end of August, resulting in the theft of more than $124 million,” per the new Playbook.
PYMNTS
JANUARY 21, 2021
According to the FTC, Americans issued over 200,000 complaints and lost more than $145 million in COVID-related scams alone. Particularly stunning this year was the volume of business email compromise (BEC) attacks, which, according to the FBI, is already a $2 billion-a-year business.
PYMNTS
JUNE 20, 2018
This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. Want more proof of email as a favorite scamming tool? Business scams are nothing new. Finance departments were most vulnerable.
PYMNTS
FEBRUARY 14, 2020
The Cost of Love: Broken hearts club: Consumers report losing more than $200 million to romance scams last year, as estimated by the FTC. B2B Targeted: The FBI reports that Business email compromise (BEC) scams are on the rise. That’s up 40 percent over 2018. has broadened to examine acquisitions.
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