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B2B Fraud Tracker

FinCEN: BEC Scams Tried To Siphon $9B Since 2016

The business email compromise (BEC) scam is gaining steam, accounting for billions of dollars in attempted (and successful) thefts across all manner of industries, FinCEN finds. Separately, in a California city, a BEC scam, and demand for bitcoin ransom, fizzled.

Data Digest

New Jobs Data Shows Continued SMB Hiring Squeeze

Small businesses appear to be pulled in two different directions. On the one hand, the latest payroll data show job growth continues, with small firms reporting confidence in the overall economy and their ability to grow with it. On the other hand, however, geopolitical volatility and a hiring squeeze from low unemployment have small business owners struggling.

How Tech Takes The P-Card Into The Digital Age

From employee spend to Software-as-a-Service (SaaS) subscriptions, businesses often lack the oversight and controls necessary to avoid overcharges and extra costs. Emburse Co-Founder Roger Gu tells PYMNTS how virtual cards and artificial intelligence (AI) technology promote control over company wallets. Plus, he offers insight on the ways tech still needs to evolve to address more points of friction in business spending.

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