Email Compromise Treasury Wire 
Fi911
JUNE 9, 2025
Business email compromise attacks cost organizations $2.4 Wire transfer fraud remains the most common, where attackers impersonate executives or customers to redirect legitimate transfers. These schemes often target international wires where recovery becomes nearly impossible after 24-48 hours.
PYMNTS
JUNE 12, 2018
and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. million and the caused the disruption and recovery of about $14 million in fake wire transfers. Postal Inspection Service.
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PYMNTS
APRIL 30, 2018
” In a survey of treasurers, cash management professionals, CFOs and other professionals in the treasury department, researchers found that nearly two-thirds of respondents (61 percent) feel they are in a better position this year to combat fraud within their organizations compared to last year. . “There is a lot more to be done.”
PYMNTS
JANUARY 9, 2019
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. BioCatch pointed to this risk in its blog post, too.
PYMNTS
JUNE 12, 2019
It turns out the deck may be unfairly stacked against accounts payable (AP), treasury and other payments professionals as they do battle against fraudsters, especially if they have not yet been spurred to action because of fraud losses or attempts. Wire transfers can be steered toward fraudsters’ bank accounts.
PYMNTS
AUGUST 12, 2019
Business email compromise has come to high school sports. The scheme apparently unfolded the way many BEC scams do — with a fraudster posing as a legitimate vendor, and where payments had been wired into scammers’ bank accounts. As reported this past week by Fox 5 in Washington, D.C.,
PYMNTS
APRIL 14, 2017
To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. In its 2017 AFP Payments Fraud Survey , researchers noted a “dramatic” increase in corporate payments fraud compared to levels seen in 2015. To his dismay (and to the dismay of businesses across the U.S.),
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