Almost $2 billion lost to BEC scams in 2020

Almost $2 billion lost to BEC scams in 2020

Nearly half of reported cybercrime losses in 2020 were the result of BEC fraud, according to an FBI report Losses emanating from Business Email Compromise (BEC) and Email Account Compromise (EAC) scams surpassed US$1.86 billion last year, which is more than the combined losses stemming from the next six costliest types of cybercrime in the 2020…
PayPal fraud: What merchants should know

PayPal fraud: What merchants should know

From overpayment to shipping scams, what are some of the most common threats that merchants using PayPal should watch out for? With a total payment volume of US$247 billion, PayPal remains one of the more popular online payment providers among major brands and a variety of smaller businesses and vendors. Indeed, the payment giant boasts…
Google fixes Chrome zero‑day bug exploited in the wild

Google fixes Chrome zero‑day bug exploited in the wild

The latest update patches a total of five vulnerabilities affecting the browser’s desktop versions Google has rolled out an update for its Chrome web browser that fixes five security flaws, including a zero-day vulnerability that is known to be actively exploited by malicious actors. The bugs affect the Windows, macOS, and Linux versions of the…