2020 Email Compromise Research 
PYMNTS
DECEMBER 28, 2020
In a recent announcement, Nacha said that a survey it conducted in collaboration with Blueflame Consulting and Research revealed the accounts payable department's growing exposure to fraud risks, the result of challenges in maintaining and verifying data, vendor on-boarding, and other manual tasks.
PYMNTS
NOVEMBER 16, 2020
The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Researchers examined cases of ransomware attacks in the third quarter of 2020 and found that the average payout rose 31 percent.
PYMNTS
JUNE 22, 2020
1 in 10 small businesses are able to cover more than 50 percent of fraud losses , the latest research from Bottomline Technologies revealed in its Bottomline 2020 Business Payments Barometer report. ” Coronavirus-related scams are on the rise, too, researchers found. The company found that 58 percent of U.K. ” $1.4
PYMNTS
APRIL 13, 2020
Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud.
PYMNTS
NOVEMBER 18, 2019
In Ireland, police are sounding the alarm on the threat of B2B payments fraud after multiple businesses lost hundreds of thousands of dollars to business email compromise (BEC) scams. Hassold provided a public comment on the vendor email compromise scam. Meanwhile, in the U.K.,
PYMNTS
APRIL 2, 2020
In February, Bottomline released its 2020 Treasury Fraud and Controls Survey in partnership with Strategic Treasurer, a Georgia-based financial processing company. Researchers said the findings underscore the acknowledgment that fraudsters are stratifying their methods to optimize returns by automating and scaling attacks.
PYMNTS
AUGUST 17, 2020
In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back. When it comes to fraud threats, no company — large or small — is immune.
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