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. Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

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. COVID-19 has afforded internet villains what will certainly go down as the greatest cybertheft opportunity of their shadowy lifetimes.

Scams 63

Scams Automation Phishing Email Compromise 63

PYMNTS

AUGUST 17, 2020

In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back. When it comes to fraud threats, no company — large or small — is immune.

Business Email Compromise 94

Business Email Compromise Federal Trade Commission Scams Cybersecurity 94

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. The BEC scam can manifest in many forms. It is so easy for attackers to pull off these kinds of scams,” he said.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

APRIL 4, 2019

Meanwhile, instances of the Business Email Compromise (BEC) are also on the rise: About 47 percent of all incidents examined last year were the result of a hack or malware — and, of those, about half were BEC scams. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

OCTOBER 15, 2018

The scam entails a scammer posing as a legitimate business partner or vendor, claiming over the phone that the SMB owes them money, then demanding payment in the form of a Green Dot card. “This is a scam, pure and simple. “This is a scam, pure and simple.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

JUNE 3, 2020

That’s especially important as criminals seek to use eCommerce to commit what might be termed “authorized fraud” as bad actors get hold of card details or log-in credentials, pose as legitimate account holders and send payments. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

MAY 5, 2017

Radial found a 200 percent rise in Q1 of credit card testing—when stolen payment card credentials are ‘tested’ with small, innocuous buys before cybercrooks move on to larger fraudulent purchases. Google And Facebook Scammed Out Of $100 Million. Ransomware, Cyberespionage On The Rise.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

APRIL 5, 2019

The attacks are targeted ones, said Arruda, who noted that hackers don’t usually directly try to hack banks or credit unions, but instead try to get access through the aforementioned email campaigns, where the credentials are stolen and the stolen credentials are leveraged to gain access to the FI. What to Do.

FBI 50

FBI Credit Union Credential Cybersecurity 50

PYMNTS

AUGUST 24, 2020

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Attorney Audrey Strauss described the scam as "a new twist on an old trick" through the use of "complex technology.".

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

FEBRUARY 1, 2021

The scam involves sending a phishing email claiming to be a Microsoft Office 365 update. Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

PYMNTS

DECEMBER 17, 2019

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The scam begins when a company gets a bogus invitation via email to place a bid on a government contract. Anomali, a security firm, says it has found bogus websites of the U.S.,

Credential 40

Credential Scams Email Compromise Business Email Compromise 40