PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. According to local Kentucky Today reports, $1.5

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B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

JUNE 23, 2016

It’s no surprise, then, that the cybersecurity market, already worth billions, is slated to hit a $170 billion market value by 2020, according to Forbes. Often, cybersecurity measures involve an intensive process by a third-party provider, which visits a company and scrutinizes the entity to assess its risk. ”

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

FEBRUARY 3, 2020

The majority of businesses are at risk for an array of cybersecurity incidents, including the business email compromise (BEC) scam, which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. .

Scams 52

Scams B2B Email Compromise Business Email Compromise 52

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. As the threat grows more sophisticated, so do cybersecurity initiatives. The BEC scam can manifest in many forms.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

NOVEMBER 18, 2019

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. cybersecurity technology companies are taking measures to raise awareness and combat corporate payment fraud risks.

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

NOVEMBER 6, 2017

According to the publication, scammers using the BEC, in which a fake invoice is sent to a company with request for payment, have stolen “large sums of money” from art galleries in the U.K. Reports in The Art Newspaper say BEC scammers seem to have a new favorite target this time: art galleries.

Scams 43

Scams Business Email Compromise Email Compromise Wire Transfer 43

PYMNTS

JULY 20, 2016

Authorities say cybercriminals are becoming more sophisticated with the crime, too, with rising instances of executives at legitimate trading companies having their emails hacked to send the requests for payment. “As such, Hong Kong’s just-in-time trade management sector is vulnerable to being hijacked.”

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FBI Scams Email Compromise Wire 40