PYMNTS

JUNE 10, 2019

Business enterprise compromise (BEC) scams are crossing borders, where fraudsters in Africa are targeting U.S. As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale. The fraud evolved into romance scams a few years later, then BEC scams in 2015. “I

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

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.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

NOVEMBER 17, 2020

Chaos and disarray, of course, have been the hallmarks of the pandemic, and even of the leap in moving from paper checks and in-person commerce and banking to digital conduits. So, it might start with a counterfeit check, but it comes from social engineering from social media,” she offered as an example.

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Authentication Online and Mobile Banking Financial Crimes Mobile Banking 78