Account Takeovers Email Compromise Phishing 
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.
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
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.
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.
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.
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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