Business Email Compromise Romance Scams Wires 
PYMNTS
JUNE 10, 2019
Business enterprise compromise (BEC) scams are crossing borders, where fraudsters in Africa are targeting U.S. The scam involves communications from fraudsters impersonating company officials, suppliers or vendors, instructing unwitting victims to wire funds to accounts they have set up. companies and government agencies.
PYMNTS
AUGUST 26, 2019
The individuals are charged with using business e-mail compromise (BEC) scams to dupe victims. He said that in other cases, known as romance scams, “victims think they are developing a dating relationship, when in fact they are just being tricked into sending money to the fraudsters.”. billion stolen by victims.
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