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Business email compromise scam costs Pathé $21.5 million

Recently released court documents show that European-based cinema chain Pathé lost a small fortune to a business email compromise (BEC) scam in March 2018. How much? An astonishing US$21.5 million (roughly 19 million euros). The attack, which ran for about a month, cost the company 10 percent of its total earnings. What is business email compromise? Business email compromise is a type of phishing … [Read more...]

The many faces of omnichannel fraud

The rise of new technologies, social networks, and other means of online communication have brought about compelling changes in industries across the board. For example, in retail, organizations use digital tools such as websites, email, and apps to reach out to their current and potential clients, anticipate their needs, and fully tailor their business strategies around making the user shopping … [Read more...]