Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons.

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Phishing Security Scams Email Compromise 40

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

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Scams Automation Phishing Email Compromise 63

PYMNTS

NOVEMBER 6, 2017

billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. percent from Q2 2016 to Q2 2017. At the time, they were seeing about 80 cases a week,” Nelson said. “It

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FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

APRIL 12, 2019

Thus, business email compromise fraud (BEC) is evolving too. That comes, for example, as fraudsters gain access to a firm’s internal operations and use the ACH methods for account takeovers.

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Business Email Compromise AFP ACH Email Compromise 46

PYMNTS

APRIL 9, 2018

Gemini Advisory, which first identified the breach at Hudson’s Bay, suggests human error was to blame: An employee likely clicked on a malicious link sent via a phishing scam. IBM warned that some of the most common human errors linked to data breaches involve “basic misjudgment.” To err is human,” IBM said in its report.

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Data Breach Breach Cybersecurity Phishing 49