PYMNTS

JUNE 14, 2018

According to the Internet Crime Complaint Center (IC3), identity theft is the seventh largest crime in the U.S., Funded with a grant from the Identity Theft Resource Center and the Department of Justice Office for Victims of Crime, the “ Business Identity Theft in the U.S. million, in 2016 alone. What to Do About It.

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PYMNTS

APRIL 30, 2018

Fraudsters can automate the process by which they infiltrate email accounts and learn to speak like a CEO or CFO to initiate a fraudulent wire transfer, a scam known as the business email compromise (BEC). More than a fifth of companies said they cannot detect ACH or wire fraud before it leaves their companies.

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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. Unfortunately, Sadler noted, it often doesn’t matter whether a fraudster is requesting a wire transfer or wire card payment. “It

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

JUNE 20, 2016

Cybercrime involving email scams are on the rise, as businesses and their AP officials receive these fraudulent emails that seemingly request legitimate money transfers by posing as a corporate executive or a supplier requesting payment. The business email compromise has created more than 22,000 cases in the U.S.

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PYMNTS

APRIL 14, 2017

According to Carlsson, perpetrators of this crime are becoming so sophisticated at the tactic that it’s next to impossible for someone in the accounts payable department to catch that an email they receive may not actually be from the company’s CEO, for instance. Thus, checks stay in the enterprise — and check fraud grows.

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PYMNTS

JUNE 12, 2018

and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. million and the caused the disruption and recovery of about $14 million in fake wire transfers. Of the 74 arrested, 42 were people in the U.S.,

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PYMNTS

AUGUST 3, 2016

According to the Federal Bureau of Investigation , cyberscams attacking businesses, known as the Business Email Compromise, has led to $3.1 The International Criminal Police Organization said it has arrested the alleged ringleader of an international business email scam based in Nigeria. On Tuesday (Aug. China and Europe.

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