Business Email Compromise FBI Ransomware 
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.
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.
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. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter.
PYMNTS
FEBRUARY 24, 2020
41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.
PYMNTS
DECEMBER 6, 2016
KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI.
PYMNTS
DECEMBER 5, 2019
The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware.
PYMNTS
DECEMBER 5, 2019
The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware.
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