Browsing: Social engineering

Compliance

With email compromise schemes — in which criminals fraudulently persuade individuals and companies to transfer funds — on the rise, the Financial Crimes Enforcement Network issued an advisory to financial institutions today to help them identify and prevent these frauds.

Cybersecurity

The FBI yesterday issued a notification warning companies of the ongoing threat of business email compromise scams that caused losses of nearly $76 million between December 2015 and March 2016.

Cybersecurity

In response to recent high-profile compromised communications sent through the SWIFT communications network, ABA — together with the Financial Services Information Sharing and Analysis Center and other financial groups — today issued a statement with insight and analysis on the incidents, as well as recommendations for mitigating cyber risks.

Cybersecurity

Each year, millions of dollars are lost to a type of fraud that’s particularly difficult to detect and stop, and it’s all based on a criminal’s ability to exploit a basic human characteristic: the tendency to trust.