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.
LockBit ransomware group falls victim to hackers itself
A data leak has disclosed information about negotiations with victims, Bitcoin wallet addresses, affiliate accounts, and details of attacks.
