Fraudsters are always evolving and now are training BEC scams to focus on HR and finance departments. Separately ACH debit and ACH credit fraud are both on the rise, according to a recent study.
The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. The regulator issued a report based on the SEC Enforcement Division’s investigations of nine public companies that lost millions of...
The best way to describe an initial public offering (IPO) that jumps double digits out of the gate? “Nothing new.” On closer look, however, the best way to describe one that jumps more than 70 percent the first day? If you’re a skeptic, it’s “too...
Email phishing has remained one of the most popular ways to trick people out of their money since the days of false Nigerian princes, who claimed they would share their inheritance with random strangers in a foreign land if those strangers could just do them...
December 05, 2019
Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. What would you expect from an outfit named Evil Corp.? Sometimes, it seems, there is truth in advertising. The U.S. Department of Justice issued a multicount indictment Thursday (Dec. 5) against two […]
October 17, 2018
The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. The regulator issued a report based on the SEC Enforcement Division’s investigations of nine public companies that lost millions of dollars as the result of cyber fraud. The companies, which each […]
February 26, 2018
Email phishing has remained one of the most popular ways to trick people out of their money since the days of false Nigerian princes, who claimed they would share their...
