A federal jury convicted two men accused of defrauding the city of Memphis out of nearly $800,000. Stanley Anyanwu, 41, and ...

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A federal jury found two men guilty of fraud and money laundering after scamming the City of Memphis for over $773,000, ...

A report released Monday by the Louisiana Legislative Auditor revealed that scammers targeted the Jefferson Parish Sheriff's ...

One common type of scam is called a BEC scam. New Jersey saw the second-highest average per capita financial loss to BEC scams in 2023, said HoustonTech, a Texas-based managed IT service provider.

Financial fraud remains the leading driver of cyber insurance claims, with 83% of cases traced back to email-based attacks.

When we talk to clients about cybersecurity, it tends to conjure up images of ransomware, systems that are encrypted and ...

ACH credits — which were the prime targets for BEC in 2023 — saw more BEC scam activity in 2024 than in the prior year, rising to 50% from 47% of respondents reporting incidents. "Classic" BEC ...

The City of Memphis was a victim of a business email compromise (BEC) scam in February of 2022. The city intended to pay a contractor $773,695.45, but the payment was compromised and sent to a ...