Remove 2019 Remove Email Compromise Remove Monetary Loss
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The Big Spike In ‘CEO Fraud’

PYMNTS

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

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Fraudsters Try New Spins On The BEC Scam

PYMNTS

The Business Email Compromise (BEC) continues to evolve. Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too.