In May 2020, Kroll was contacted by a purveyor of high-end meats after receiving several customer complaints of potentially fraudulent credit card activity. The fraud allegations were raised after several customers observed unauthorized transactions on their credit cards shortly after placing orders through the purveyor’s e-commerce website. Kroll quickly assigned one of their seasoned Payment Card Industry (PCI) forensics investigators to review and investigate the matter.

A few weeks ago Seattle-based financial services and data management firm Automatic Funds Transfer Services (AFTS) suffered a serious ransomware attack. A gang called “Cuba” hacked and stole approximately 20 months’ worth of AFTS data, including financial documents, correspondence with bank employees, account movements, balance sheets, and tax documents. The compromised data then was offered for sale on the dark web.

Business Email Compromise (BEC) scammers, who have made rich returns in recent years tricking organisations into transferring funds into their accounts, have found a new tactic which attempts to swindle Wall Street firms out of significantly larger amounts of money. According to a newly published-report by Agari, scammers are seeking to defraud Wall Street businesses and their customers out of US $809,000 on average per incident.