Remove Authentication Remove Email Compromise Remove Phishing
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Email Scammers Are Targeting B2B Firms In Today’s Work-From-Home Era

PYMNTS

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. Spear Phishing. Business Email Compromise.

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Financial Crime-Fighters Turning The Tide Of COVID-Era Fraud

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams, all with a COVID-19 twist. Strong consumer authentication comes in several forms, and it’s time to pick one.

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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ProofPoint Warns Of Bank Trojans: A Massive Threat Executives May Overlook

PYMNTS

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

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AP Automation Combats COVID Scams

PYMNTS

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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Fraudsters Try New Spins On The BEC Scam

PYMNTS

The Business Email Compromise (BEC) continues to evolve. Researchers warned that the rise of faster payments — which gives banks a much shorter window in which to identify and mediate fraud — is placing new pressure on financial institutions to embrace more identity authentication technologies.

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

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