PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. BEC scams have been surging in 2020, with a 200 percent increase in reports between April and May this year, PYMNTS reported.

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Business Email Compromise Scams Email Compromise Wire Transfer 73

Nanonets

NOVEMBER 14, 2023

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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Email Compromise Business Email Compromise Compromise Phishing 52

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. What Is a Business Email Compromise Attack?

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Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

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Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

NOVEMBER 21, 2019

Secure Payments is able to automate the verification process for supplier account details, which is often compromised in B2B payments fraud tactics like the Business Email Compromise, in which a fraudster poses as a legitimate supplier and requests account detail changes to receive payments from their target.

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PYMNTS

JUNE 21, 2019

Finally, in Texas, the Better Business Bureau (BBB) is warning small businesses (SMBs) of the latest twist on the Business Email Compromise (BEC) scam: fraudulent requests for proposals with PDF attachments infected by malware. ” Australia’s SMB Scam Surge. The scams range from false billing to outright hacks.

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