PYMNTS

AUGUST 26, 2019

history and said in a statement that “fraud networks now target individuals and businesses alike … In the BEC scams, the fraudsters will often hack a company’s email system, impersonate company personnel, and direct payments to bank accounts that funnel money back to the fraudsters in Nigeria.” billion stolen by victims. Individual Case.

Business Email Compromise 58

Business Email Compromise Romance Scams Scams Identity Theft 58

PYMNTS

JUNE 10, 2019

The scam involves communications from fraudsters impersonating company officials, suppliers or vendors, instructing unwitting victims to wire funds to accounts they have set up. The fraud evolved into romance scams a few years later, then BEC scams in 2015. “I companies and government agencies.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

FICO

SEPTEMBER 10, 2020

The money mule moves stolen funds to a participant in the scam via an instant funds transfer or wire transfer, and the money is often unrecoverable and untraceable. . Romance scams , “make $100,000 from your kitchen table” scams and other cons can be made extremely compelling by cunning fraudsters.

Crime 52

Crime Money Laundering Online and Mobile Banking Romance Scams 52