PYMNTS

MAY 2, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam. The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

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PYMNTS

MAY 12, 2017

in 2016, losing a combined $16 billion — just over $1,400 per victim, on average. Research from eSentire recently found that “rudimentary” cyberattacks on SMEs — including intrusion attempts, policy violations, and information gathering — are some of the most dangerous. FBI Sees Wire Fraud Via Email Grow In 2016.

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PYMNTS

JUNE 14, 2018

Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. with more than 16,800 victims recorded in 2016. According to the IRS, there were 4,000 recorded instances of business identity theft cases in 2016. What to Do About It.

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PYMNTS

APRIL 14, 2017

In its 2017 AFP Payments Fraud Survey , researchers noted a “dramatic” increase in corporate payments fraud compared to levels seen in 2015. Carlsson noted earlier research released by the AFP for its analysis of the use of electronic payments among corporates. To his dismay (and to the dismay of businesses across the U.S.),

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PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

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PYMNTS

JUNE 26, 2018

Take, for instance, the Business Email Compromise, a scam that is attributed to an estimated $5.3 billion in stolen corporate funds in 2016, according to the Federal Bureau of Investigation (FBI). Employee negligence is the main cause for data breaches at the companies surveyed, researchers noted.

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PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Researchers found that businesses saw 45.2 This week’s data digest is all about, well, data.

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PYMNTS

MARCH 28, 2018

Researchers estimate U.S. billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. eCommerce companies lost $6.7 According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.”

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PYMNTS

APRIL 9, 2018

Gartner research director Ruggero Contu cited high-profile attacks, like the Equifax breach , as a key motivator behind this spend. This could mean an employee storing sensitive company data on a personal device, or workers falling for phishing emails that lead to a data breach, business email compromise, malware or account takeovers. “To

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PYMNTS

DECEMBER 12, 2017

“Most businesses and accountants still rely on antiquated, paper-based methods to manage some stages of their process,” he said in an emailed interview with PYMNTS, pointing to the continuing popularity of checks and wire. About 44 percent of payments received are in the form of a paper check too, the report noted.

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PYMNTS

MAY 3, 2016

“Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” stated NACHA President and Chief Executive Officer Janet O. But NICE Actimize’s research uncovers doubts in how FIs can facilitate Same Day ACH securely.

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PYMNTS

MARCH 1, 2017

Research released only days ago from Centrify found that two-thirds of surveyed companies have experienced at least five security breaches in the past two years, while separate analysis from the Identify Theft Resource Center and CyberScout have pegged 2016 as a record year for cyberattacks in the U.S.

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PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Researchers noted that it’s not surprising that some businesses are so willing to pay the ransom.

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PYMNTS

APRIL 10, 2017

In the latest PYMNTS Data Digest, we look at the research on what’s “up” with SMEs — like optimism and borrowing levels. Its small business cost index, released in conjunction with the Centre for Economics and Business Research, found that the 3.2 percent increase marked in February 2016.

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