PYMNTS

OCTOBER 7, 2019

According to reports, there are allegations that a handful of managers within SEPTA cooperated in a fraud scheme with one of SEPTA’s vendors, which is facing claims that it submitted false invoices along with legitimate bills. “VEC is the next evolution of business email compromise. . A New Twist On the BEC Scam.

Scams 62

Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

MAY 2, 2019

Finally, eSentire’s report said, SS&C Technologies was sued by Tillage Commodities Fund, for which SS&C acted as third-party administrator, with allegations that SS&C failed to conduct its due diligence, leading the company to fall for a $5.9 million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

CB Insights

JULY 23, 2020

However, as an unprecedented portion of the workforce has been relegated to working from home, IT teams have faced new challenges, from less than optimal at-home network security to more targeted business email compromise schemes. A failure to do so would have major financial and reputational consequences.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101