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The Big Spike In ‘CEO Fraud’

PYMNTS

That’s an unfortunate but in some ways impressive record, considering that most BEC/EAC fraud relies on what the FBI referred to as “the oldest trick in the con artist’s handbook: deception.”. Instead, it targets a much weaker link: the employee who is using it. And while the BEC is not the most common form scam, it is a lucrative one.

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What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

If there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.”. That means not only going where the money is, but also using innovation to find the shortest path to the vulnerabilities to access those funds.

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