Fi911
JUNE 9, 2025
Business email compromise attacks cost organizations $2.4 Real-time payment systems similarly reduce recovery windows, demanding stronger preventive controls. The post How Financial Institutions Can Combat Business Email Compromise (BEC) appeared first on fi911blog.
PYMNTS
AUGUST 3, 2020
Faster Payments Council (FPC) recently announced the publication of a white paper, “Examining Faster Payments Fraud Prevention,” highlighting the growing focus of faster and real-time payments innovators on the topic of fraud. ” $4.13 Million Stolen In Reported Cyber Fraud Crime Ring.
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PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity.
PYMNTS
JUNE 3, 2020
What’s different this time? Tharle said real-time payments have increasingly seen adoption across the globe, as seen in volumes reported in Europe, Australia and the U.S. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.
PYMNTS
MAY 3, 2017
She cited the common concern among payments and fraud analytics: the timespan these FIs have to identify and halt a fraudulent transaction is drastically shortened with faster and real-time payments. Fraudsters are very excited about the emergence of faster payments — even more so than consumers,” she noted. “We
PYMNTS
DECEMBER 24, 2018
He described this as a “group of both business email compromise , BEC as it’s called, or CEO fraud.”. That is, indeed, a lot of money changing hands — with cash providing a guiding force for real-time payments adoption. So beware, or at least view skeptically, what is in your inbox. More than $1.4
PYMNTS
JUNE 12, 2019
Faster and emerging payments systems are gaining traction, as nearly half of corporates are using or interested in using new payment services. Banks and their solution providers can help level the playing field by bringing to the table fraud expertise, as well as machine learning that can help detect and deter attacks.
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