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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding

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Researchers said the findings underscore the acknowledgment that fraudsters are stratifying their methods to optimize returns by automating and scaling attacks. Automated attacks such as ransomware, business email compromise, and system-level takeover fraud, outpaced high-touch attack methods such as check fraud, the survey said.

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B2B Fraudsters Find New Twists In Old Scam Favorites

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Separately, researchers at Agari are warning of Silent Starling, the newest cybercriminal ring using a Vendor Email Compromise (VEC) scam to steal company cash from supply chains. “VEC is the next evolution of business email compromise. . “VEC is the next evolution of business email compromise.

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COVID-19 Scams Target The Business Community

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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.

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Corporates Brace For BEC Scam Ramp-Up

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In Ireland, police are sounding the alarm on the threat of B2B payments fraud after multiple businesses lost hundreds of thousands of dollars to business email compromise (BEC) scams. Hassold provided a public comment on the vendor email compromise scam. Meanwhile, in the U.K.,

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Oracle: Overcoming ERP-AP Integration Inertia

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The uptick in fraud, such as the Business Email Compromise, has continued to target areas like bank transactions, despite firms’ increased spending on anti-fraud measures, the survey found. AP departments are the prime targets of bad actors, and automating AP processes poses a strong defense against criminal breaches.

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UK Metro Bank Hit By Messaging Scams

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In looking at scams designed to steal money from unwitting victims, fraudsters have been taking advantage of the fact that Gmail (Google’s email offering) can ignore “extra” dots in an address. The policy is known as “dots don’t matter” and research firm Agari has found that business email compromise fraud has been exploiting the effort.

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Mutant Malware Able To Slip Past Antivirus Tools, Experts Warn

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According to the cybersecurity firm, the malware is triggered via the business email compromise scam, in which someone is sent an email with a seemingly legitimate invoice in PDF form. Once the user clicks on the PDF file, the computer is infected and finds more email addresses to spread.