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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Fraud detection. Louis, Missouri. Tags: Security, fraud, payments, ecommerce, Finovate alum. Source: FT Partners. HQ: Salt Lake City, Utah. Latest round: $8 million. Total raised: $10 million. Source: Crunchbase. Source: Finovate.

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Fantasy Sports Get A Legal Go-Ahead In New York State

PYMNTS

Indiana, Virginia, Tennessee, Mississippi, Missouri and Colorado have all affirmed daily sports betting as a legal alternative, but other states have seen the issue differently. This is significant since they collectively control 90 percent of the daily sports gaming market.

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