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The problem persists, and evidence suggests it’s getting worse, with recent research from TD Bank revealing news that 91 percent of survey respondents expect B2B payments fraud and invoice scams like business email compromises to increase in the coming years. billion in total losses since 2013.
Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Business Email Compromise scams continue to grow and steal more corporate money than ever before. Compare that to ransomware, which made up just 11 percent.
Cybercrime involving email scams are on the rise, as businesses and their AP officials receive these fraudulent emails that seemingly request legitimate money transfers by posing as a corporate executive or a supplier requesting payment. Examine the latest research to grasp just how cumbersome modern cash management can be. $3
Qaiser’s ransomware then would display a message designed to mimic the look and feel of a communication from law enforcement, a message that said the person on the other end had broken the law by accessing online pornography. Ransomware Trends. For one month, for instance, he apparently made more than $14,000 from the con. Porn Appeal.
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