PYMNTS

SEPTEMBER 30, 2019

The FBI has been vocal in recent years about the growing threat and subsequent damages linked to the Business Email Compromise (BEC) scam, which targets accounts payable departments in an attempt to steal company cash. The operation also reportedly led to the recovery of about $118 million in fraudulent wire transfers linked to BEC scams.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

PYMNTS

SEPTEMBER 8, 2020

Ma Labs reportedly fell victim to a targeted attack by the operators of REvil ransomware, and the attackers now reportedly have data linked to Ma Labs' developers, employees and clients, including bank information and email addresses. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. The report states that these victims mostly lost their money to BEC scams. The report states that these victims mostly lost their money to BEC scams. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

OCTOBER 17, 2018

The SEC’s investigations focused on “business email compromises” (BECs), where criminals posed as company executives or vendors and used emails to trick employees into sending large sums to fraudulent bank accounts. The activity sometimes lasted months and was often only discovered after law enforcement or other third parties got involved.

Cybersecurity 76

Cybersecurity Email Compromise Law Enforcement Business Email Compromise 76

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. Researchers advised small business owners to not download any email attachments from an unnamed address. “This is a scam, pure and simple.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

FEBRUARY 20, 2019

19), Mastercard announced the launch of its Cybersecurity Toolkit for SMBs, an online resource developed in partnership with the Global Cyber Alliance (GCA) that provides entrepreneurs and business executives with guidance and tools to address the threat of cyberattacks on their companies. In a press release on Tuesday (Feb.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

DECEMBER 17, 2019

According to the report, the scheme is complicated for companies as the fake sites’ internet addresses are convincing. Spoofed phishing site domains are hosted in Turkey and Romania. And, even though none of the bogus websites are currently active, the news report notes, “that doesn’t mean they won’t be shortly.”.

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

PYMNTS

AUGUST 10, 2018

Those threats are vast, but Womply’s own research has found that most of these attacks are in the form of phishing and business email compromise (BEC) scams. On the other side of this coin is the cybersecurity threats that inevitably come with establishing a digital presence of any kind. ”

Cybersecurity 40

Cybersecurity Small Business Phishing Email Compromise 40

PYMNTS

OCTOBER 5, 2020

The companies were recipients of emails that appeared to be from a standard procurement address or a person who indicated that his or her position was the chief procurement officer. Those communications asked for the prices of electronics, healthcare technologies and information technology-related products.

Ransomware 54

Ransomware AFP Breach Payments 54

CB Insights

JULY 23, 2020

In this report, we dive into some of the technologies that will help address these concerns and influence the future of the office space, from autonomous cleaning solutions to people-counting sensors. Companies are already looking to address these shortfalls, adapting their products to minimize disruptions in the remote working experience.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

The Payments Association

FEBRUARY 17, 2025

AiTM attacks work by intercepting communication between a user and a legitimate service through phishing techniques. In an AiTM attack, the attacker typically sends a phishing email with a link that directs the victim to a fake login page (redirector or AiTM phishing page) designed to look like a legitimate service.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88