Orion, a Texas-based company, has lost $60 million due to a significant wire fraud scam. The FBI warns that such scams are already a multi-billion-dollar problem, with 84% of businesses hit by fraud attempts in the previous year. Existing security tools, such as Secure Email Gateways and behavioral AI solutions, fall short in effectively detecting and preventing business wire transfer fraud. Hence, companies need AI-powered systems that cover the entire payment process and can identify and alert authorities of suspicious activities in real-time.
UN aviation body investigates potential data breach
An agency has responded to a hacker forum post claiming that 42,000 records were stolen in a recent incident, taking action based on this claim.
