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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.

Scams 87
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Phishing Scam Masquerades As Square To Target Businesses

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Users should also be on the lookout for typos and grammatical errors in any emails, and be sure not to share sensitive details like payment card information or Social Security numbers. The Advocate also noted that a way to avoid falling victim to the scam is to verify the URL. That’s an instant foot in the door.”.

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In Australia, Card (And Other Payments) Fraud Is Big Business

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In terms of individual fraud incidents, in Georgia, in June, the cyber-thieves were able to steal more than $800,000 from the city of Griffin via the ruse that is known as business email compromise (BEC). That came as the executive had not paid income and Social Security tax withheld from employee wages. Grayson Jr.,

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Authentication Creates Opportunity To Solve FIs' $1 Trillion Fraud Problem

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KeyBank’s Martin stated that it’s incumbent on FIs to leverage data spanning everything from name, Social Security number, device location and even device “behaviors” to triangulate risk scoring and streamline commerce.