PYMNTS

JUNE 22, 2020

But don’t let the good news fool you: just because business email compromise scammers may not be targeting c-suite executives doesn’t mean their fraudulent crimes are easing. ” $74,000 was sent to a fraudulent vendor by one Irish company last week , according to law enforcement officials and reports in Buzz.ie.

Checks 79

Checks Risk Business Email Compromise Email Compromise 79

PYMNTS

AUGUST 3, 2016

According to the Federal Bureau of Investigation , cyberscams attacking businesses, known as the Business Email Compromise, has led to $3.1 The International Criminal Police Organization said it has arrested the alleged ringleader of an international business email scam based in Nigeria. On Tuesday (Aug.

Scams 42

Scams Email Compromise Compromise Wire Transfer 42

PYMNTS

OCTOBER 7, 2020

The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

PYMNTS

APRIL 28, 2019

The police have been investigating bitcoin machines at Tampines One Mall in Singapore that featured posters claiming to be an alert from law enforcement about the crypto, but were actually put up by scammers attempting to trick people to call a phone number.

Scams 59

Scams Bitcoin Business Email Compromise Law Enforcement 59

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. According to law enforcement in the country, the BEC is increasingly targeting businesses with fraudulent requests for funds loaded onto iTunes or Google Play cards, claiming to be for work-related expenses or client gifts.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

JULY 6, 2020

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K. .

Business Email Compromise 59

Business Email Compromise Email Compromise Scams Wire 59

PYMNTS

DECEMBER 4, 2018

The Financial Times , citing cyber threat detection company Agari, reported the group, which goes by the name London Blue, is focusing on the business email compromise scam. Agari, noted the report, turned over the evidence to law enforcement agencies both in the U.S. Agari found the list, which has 50,000 targets.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

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? Finance departments were most vulnerable.

Scams 45

Scams Phishing Federal Trade Commission Wire 45

PYMNTS

JUNE 20, 2016

Cybercrime involving email scams are on the rise, as businesses and their AP officials receive these fraudulent emails that seemingly request legitimate money transfers by posing as a corporate executive or a supplier requesting payment. The business email compromise has created more than 22,000 cases in the U.S.

Email Compromise 41

Email Compromise Bitcoin APACS Wire Transfer 41

PYMNTS

NOVEMBER 6, 2017

Recognizing the growing threat of account takeovers, Nelson said, FS-ISAC started collaborating with law enforcement and the business and financial community to develop a strategy to help various organizations secure their online banking environments. “We “At the time, they were seeing about 80 cases a week,” Nelson said. “It

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47