Articles with tag: bec

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AppDirect secures USD 185 mln of funding to fuel global expansion

21 Sep 2020 | Online Payments

Subscription commerce platform AppDirect has announced investments of USD 185 million from Caisse de dépôt et placement du Québec (CDPQ) and existing investors.

AppDirect, subscription commerce, investment, Caisse de dépôt et placement du Québec, CDPQ, recurring revenue, Vodafone, Keller Williams, ADP, Honeywell, Deutsche Telekom

Cosmic Lynx responsible for more than 200 BEC attacks against corporations

08 Jul 2020 | Digital Identity, Security & Online Fraud

Cosmic Lynx, a new group believed to be from the Russian cybercriminal space, has been responsible for more than 200 BEC attacks since July 2019, according to Agari researchers.

Cosmic Lynx, Russia, BEC, cybercrime, cybercriminals, business email compromise, return on investment, social engineering attacks, BEC attacks, FBI IC3 report, Fortune 500, Global 2000

Wahed secures USD 25 mln in investment round

11 Jun 2020 | Payments General

US-based fintech Wahed, a digital Islamic investment platform, has closed a USD 25 million investment round led by Saudi Aramco Entrepreneurship Ventures.

Halal, fintech, startup, Wahed, Saudi Aramco, digital, Islamic, BECO, CueBall Capital, Dubai Cultiv8, Rasameel, Saudi Arabia, US, UK, Indonesie, Nigeria, india, CIS, Malaysia, Malaysian Securities Commission, Islamic Robo Advisory, Islamic ETF

GlobeX Data to protect against coronavirus-related BEC scams

24 Apr 2020 | Digital Identity, Security & Online Fraud

Switzerland-based cybersecurity service provider GlobeX Data has announced that it is planning to launch a new service against BEC (Business Email Compromise) attacks. 

GlobeX Data, coronavirus, BEC, business email compromise, cybersecurity service provider, COVID-19, Switzerland, WFH, home internet security, cyberattacks, Association for Financial Professionals, payment fraud

GIACT: Business Email Compromise, still a growing threat

24 Mar 2020 | Digital Identity, Security & Online Fraud

Business Email Compromise (BEC) has become an increasingly sophisticated and elusive fraud tactic, according to a new report from GIACT.

Business Email Compromise, BEC, social engineering, malware, fraud detection, account takeover, survey

Internet fraud cost Americans USD 3.5 mln in 2019, FBI says

13 Feb 2020 | Digital Identity, Security & Online Fraud

Via an annual report on cybercrime, FBI has revealed that criminals are focusing on previously successful internet scams to defraud businesses and individuals in the US. 

cyberscams, ransomware, FBI, fraud, cybercrimes, US, phishing, BEC, threats, account compromise, financial information

Aging reporting used by scammers for Business Email Compromise

15 Jan 2020 | Digital Identity, Security & Online Fraud

Ancient Tortoise has been targeting accounts receivable specialists by tricking them into sending over aging reports and thus collecting info on customers they can scam in later attack stages.

Ancient Tortoise, BEC, fraud prevention, aging reports, accounts receivables, Agari Cyber Intelligence Division, ACID

BEC scammers steal USD 29 million from media company Nikkei

04 Nov 2019 | Digital Identity, Security & Online Fraud

Nikkei has lost USD 29 million dollars after an employee of the Nikkei America subsidiary was tricked by scammers to send the funds to a bank account they controlled.

Nikkei, BEC, fraud prevention, Business Email Compromise, Email Account Compromise, CEO fraud, CEO impersonation

Business Email Compromise attacks still on the rise

08 Oct 2019 | Digital Identity, Security & Online Fraud

The latest Email Security Risk Assessment (ESRA) from Mimecast (MIME) has found that there is a significant increase in Business Email Compromise (BEC) attacks.

fraud prevention, online security, email security, Mimecast, Business Email Compromise, BEC, malware, spam

Operation Rewired arrests 281 people over money-transfer frauds

13 Sep 2019 | Digital Identity, Security & Online Fraud

An operation conducted by FBI, called Operation Rewired, has led to the arrest of 281 people, in 10 countries, suspected of carrying out large-scale money-transfer frauds.

Operation Rewired, FBI, wire transfer fraud, BEC fraud, money transfers, fraud prevention

Toyota Boshoku Subsidiary loses over USD 37 million in BEC fraud

10 Sep 2019 | Digital Identity, Security & Online Fraud

One of Toyota`s European subsidiary has lost over USD 37 million following a business email compromise (BEC) attack.

BEC fraud, business email compromise, CEO fraud, online security, transfers, Toyota, Europe, fraud prevention

CelebrEIGHT cyber security training

23 Aug 2019 | Expert Opinion

Paul Caulfield, Executive Vice President and Chief Risk Officer at IDB Bank, offers valuable market intelligence and must do`s for an effective cyber security program

Paul Caulfield, IDB Bank, cyber security, fraud prevention, market intelligence, financial crime, CEO email scams, business email compromises, BEC, phishing, vishing

How to combat B2B payments fraud in 2019 – Strategic Treasurer

08 Aug 2019 | Expert Opinion

Understanding the risks is important – but companies need to take definitive action to protect themselves

B2B payments, fraud, risks, security, multi-factor authentication, companies, encryption, expert opinion, Strategic Treasurer, Rebecca Brace

Quebec introduces new credit card regulations

02 Aug 2019 | Cards

The Quebec government has issued several changes to credit card payments in a bid to help people manage their debt more effectively.

Quebec, Canada, credit card, debt, payment

Hundreds of millions of insurance records exposed by First American Financial

27 May 2019 | Digital Identity, Security & Online Fraud

First American Financial, a large insurance company, has leaked hundreds of millions of documents related to mortgage deals going back to 2003.

data breach, exposed records, online security, Brian Krebs, Business Email Compromise fraud, BEC scams, First American Financial, US

Vocalink report shows business fraud is high in Australia

27 May 2019 | Digital Identity, Security & Online Fraud

While a large number of Australian businesses believe payments-related fraud is a big issue, they have not made any changes as a result, according to Vocalink’s report.

Vocalink, business fraud, study, Australia, payments fraud, invoice redirection, BEC fraud

Interview with Money20/20`s organizers on China`s leading role in fintech

07 Jan 2019 | Interviews

The Paypers has sat with Rebecca Martin and Pat Patel, Money20/20 organizers, to discuss about China’s leading role in fintech

Rebecca Martin, Pat Patel, Money2020, china, Fintech, banks, payments, artificial intelligence, merchants, retailers

Microsoft and Amazon the most impersonated brands in email attacks

05 Nov 2018 | Digital Identity, Security & Online Fraud

Nearly two-thirds of all advanced email attacks have used emails impersonating Microsoft or Amazon, according to new research by Agari.

Agari, Microsoft, AI, product launch, phishing attacks, BEC, business email compromise, online security, Amazon, study