The insidious threat of Authorised Push Payment Fraud. In an era where digital transactions have become the norm, a new form of financial crime is on the rise – a scam type called Authorised Push Payment fraud (APP). This type of sophisticated scam has left...
A Message to Bank and Financial Institution Fraud and AML Investigation Teams:Â In the face of rising Business Email Compromise ( BEC scams ), it’s time to reassess how we guide victims. Traditionally, financial institutions have directed customers to report...
In recent years, Business Email Compromise (BEC) has surged, with losses reaching staggering heights. In 2023 alone, businesses in the United States reported losses close to $2.76 billion due to these scams. This isn’t just an alarming statistic—it’s a...
Many types of Business Email Compromise (BEC) scams present a sophisticated threat to organizations worldwide, exploiting the most vulnerable element of security measures: human psychology. Unlike traditional cyber-attacks that rely on brute force or complex hacking...
Email impersonation is often associated with malicious practices, such as Business Email Compromise (BEC), reputation damage, fake invoicing, and phishing schemes. The objective behind email impersonation is to defraud individuals or businesses of their money while...
Rexxfield is stoked to announce that Ronnie (the BEC-Man) Tokazowski has joined us as our BEC 1st Response Team Lead and Banking/Fintech AML Disruption and Liaison Coordinator. Contact Ronnie at: ronnie (at) rexxfield.com What Can Ronnie and Rexxfield do for you? Help...
