PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Why is it important? What’s next?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

AUGUST 2, 2024

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.

Scams 64

Scams Romance Scams CRM Monetary Loss 64

National Merchants Association

AUGUST 10, 2022

For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. High-risk merchant accounts are types of businesses that banks consider to be high-risk for credit card payment processing. What is a high-risk merchant account?

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. A high-risk merchant account is a type of business that banks consider to be high-risk for credit card payment processing. What is a High-Risk Merchant Account?

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. High-risk merchant accounts are types of businesses that banks consider to be high-risk for credit card payment processing. What is a high-risk merchant account?

Risk 52

Risk Process Accounts Credit Cards 52