According to the FBI’s Internet Crime Complaint Center (IC3), Business Email Compromise (BEC) schemes have caused at least $5.3 billion in total losses over the past three years to approximately 24,000 organizations around the world. The average loss per victim is about $218,000. Companies of all sizes and types are targeted leaving a long wake of financial and emotional damage....
In recent years, malicious software—malware—has become increasingly sophisticated, both in terms of how it is used and what it can do. By understanding the tools being used by criminals, we can better defend ourselves. Did you know? Many people who think their computer must be broken because it's running so slowly are simply the victims of malware....
ACH transactions and wire transfers are the fastest way to move funds to another business, person, or other recipient. Both ACH (automated clearing house) transactions and wire transfers are forms of electronic fund transfers (EFTs). Wire transfers typically involve larger sums of money and are transferred between banks. ACH transfers are scheduled transactions, like online bill payments, that typically involve smaller amounts of money....
Follow these 10 tips to ensure a safe and pleasant online shopping experience: Trust your instincts, make sure the Internet connection is secure, know who you're dealing with and understand the terms of the deal, know what you buying, know what it will cost, use the safest payment method, keep detailed records, and protect your personal and financial information, inspect your purchase, and avoid online shopping scams....
A Facebook scam highlighted the threats posed to the millions of users of the popular social network. Security experts say users of social networks and Facebook, in particular, have high confidence in the links and information shared there. Attackers are constantly trying to take advantage of the high levels of behavioral trust, according to security firm BitDefender. While Facebook has security teams and automated systems to detect suspicious activity and contain threats quickly, third-party app baits, spam, Likejacking and other activities persist, said Catalin Cosoi, head of the online threats lab at BitDefender. Here are six signs you may have...