Business email compromise (BEC) scams continue to wreak havoc on businesses’ B2B payment workflows, but this week’s B2B Data Digest finds ransomware has once again stolen the spotlight. Analysis uncovers the stats behind one of the most prolific ransomware attacks on small to medium-sized businesses...
B2B fraud and cybersecurity technology are surging as cyber threats ramp up against the enterprise and as multimillion-dollar hauls from cybercriminals make headlines. Just this week, Worldline announced a partnership with Microsoft to enable companies with digital-first business models to mitigate fraud risks by integrating...
It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign...
Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry, directly to corporates. The initiative enables 2,000 corporate groups on the SWIFT network to utilize the KYC Registry by uploading and maintaining their KYC data with financial institutions....
December 04, 2023
Embedded payroll company Check has introduced several tools to help companies scale payroll businesses. The tools, announced Monday (Dec. 4), include credit and fraud protection, embedded setup, and embedded support and are designed to help platforms address issues like fraud management and detection, data migration, compliance and support. “Something as complex as payroll requires a tremendous amount of […]
July 16, 2019
Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. Shares fell on the...
