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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

Fraud 223
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MN Man Admits Helping MyPayrollHR With NY Fraud

PYMNTS

Luke Steiner, 31, of Minnesota pleaded guilty on Wednesday (Feb.5) 5) to one charge of conspiracy to commit wire fraud, stating that he assisted New York-based MyPayrollHR CEO and Founder Michael Mann defraud two companies, according to multiple reports last week. He was charged in September with fraud but has not yet entered a plea.

Fraud 154
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Report: Email Variants Keep BEC Fraud Humming Along

PYMNTS

In payments fraud, it pays — literally — to change up the game a bit. The report shows the use of malicious emails, rather than attachments, is on the rise — which darkreading.com said comes along with new variants of impersonation fraud. Individual Fraud Cases, Here and Abroad. The data across a sample set of 1.3

Fraud 154
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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room. According to computer security firm McAfee, criminals have been using RagnarLocker since late 2019. Corporate travel manager CWT paid $4.5

Bitcoin 262
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Caribou Coffee Doubles Down On Customer-Driven Mobile Innovations

PYMNTS

Minnesota-based Caribou Coffee and other smaller chains are following suit by not only developing mobile order-ahead apps, but also by instituting rewards and loyalty programs, encouraging customers to return to their stores time and time again. Keeping The Cup Secure. How Caribou modernized its rewards system.

Mobile 130
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Federal Cybersecurity Professionals Play Catch-Up Weeks After Gov’t Shutdown

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In a letter to the Department of Homeland Security and the NSA, five senators including Minnesota lawmaker Amy Klobuchar expressed concern about the impact the shutdown will have on cybersecurity. The report noted that there are concerns that the real impact from the shutdown will take time to play out.

Minnesota 154
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Is Self-Checkout Catnip For Criminals?

PYMNTS

In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. The new Automated Retail Tracker explored security concerns with leveraging automation to make the click-and-collect experience faster and cheaper. These fears aren’t unfounded. percent). Solutions .

Retail 117