PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.

Business Email Compromise 56

Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. And while the BEC is not the most common form scam, it is a lucrative one. billion (or slightly over half) of all losses tracked in 2019.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

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

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. This week, cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

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. Microsoft said that the most typical reason for its “incident response engagements” from October of last year to July of this year was ransomware.

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

SEPTEMBER 8, 2020

949 gigabytes of confidential data have been accessed by ransomware attackers targeting IT distributor Ma Labs , reports in CRN said, an attack that has stalled the company's operations and left its customers in limbo. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1 million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69