Latest news with #BEC
Yahoo
09-07-2025
- Business
- Yahoo
Cowbell introduces new cyber compliance support for SMEs
Cyber insurance company Cowbell has introduced a new offering, dubbed Cowbell COMPaaSSM (Compliance-as-a-Service). The offering is aimed at startups, growth-stage companies, and service providers that handle sensitive customer data, providing them with tools and services to achieve SOC 2 compliance. The COMPaaS service, which is part of Cowbell Resiliency Services (CRS) and is powered by Accorian, designed to assist organisations in navigating the complexities of SOC 2 compliance, the company said. The service includes compliance support measures such as gap analysis, risk assessment, penetration testing, policy and procedure development, audit preparation, and practitioner-led support. Clients will also have access to a GRC (Governance, Risk Management, and Compliance) platform developed for this purpose. Cowbell co-founder and CPO Rajeev Gupta said: 'When we introduced Cowbell Resilience Services (CRS) in February 2025, our vision was to continually expand our subscription-based security solutions to meet the evolving needs of our policyholders. 'As SOC 2 compliance becomes increasingly critical for startups and global enterprises alike, our partnership with Accorian enables us to deliver a streamlined, high-touch compliance journey.' Additionally, Cowbell appointed Joe Hoosech as principal of digital forensics and incident response (DFIR). He will be responsible for strengthening the company's incident response capabilities, particularly in supporting policyholders affected by business email compromise and ransomware attacks. Cowbell CRS cybersecurity services head & SVP Matthieu Chan Tsin said: 'Joe brings a wealth of cybersecurity and ransomware negotiation experience to Cowbell, which will significantly elevate the support we offer to policyholders navigating BEC and ransomware incidents.' In June 2025, Cowbell extended its insurance portfolio in the US with the inclusion of a multi-line insurance offering from Zurich North America. "Cowbell introduces new cyber compliance support for SMEs " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
BEC appoints café manager for LEVELS hub in Whitehaven
SOCIAL impact property developers BEC have announced the appointment of Louise Murphy to operate the cafe in a new digital and gaming hub. LEVELS is being launched in the former Whittles furniture store in Whitehaven town centre and is due to open in late 2025. The £4.1 million redevelopment initiative is designed to create new opportunities around digital and creative careers by bringing esports, virtual reality, immersive education and training, and a vibrant social café experience to the heart of the community. As a local social enterprise champion and founder of Calderwood Coffee, Louise brings a unique blend of entrepreneurial spirit, lived experience, and a community-focused approach. Her coffee venture, developed in partnership with Time to Change West Cumbria, sources ethically traded beans that are roasted locally by Shiloh Coffee Roasters. All profits are reinvested into supporting individuals affected by homelessness and poverty in the region. Louise is excited about the future, she said: 'LEVELS café will be focused on local flavour and local impact. We'll be serving up fantastic food and beverages from local suppliers, alongside my unique Calderwood Coffee, which proudly supports a local not-for-profit organisation. It's more than just a café; it's a place for connection and community and is part of such an exciting development. 'Time to Change was there when I needed them; launching Calderwood Coffee was my way of giving back. I'm looking forward to being part of the BEC team and bringing people together in the centre of Whitehaven - whether gamers, families, or professionals.' Louise will create a vibrant atmosphere in the café, situated on the ground floor, which will offer local produce and provide guests with the opportunity to observe gaming and VR demos and e-sports tournaments through spacious viewing areas and screens. Michael Pemberton, chief executive of BEC, added: 'We're thrilled to welcome Louise to the LEVELS team. Her enthusiasm and commitment align with LEVELS' mission to ignite community connection in Whitehaven. 'This development will be one-of-a-kind and will be a strong signal that BEC, our partners and West Cumbria are serious about the future, our young people and regeneration.' LEVELS sits in the Grade II-listed building on Duke Street and is funded by Sellafield Ltd SiX, as well as BT and BEC themselves. The hub will feature an esports arena, VR and immersive zones, editing and recording studios, and digital training spaces for schools, colleges, and the wider community. BEC specialises in regenerating landmark sites for the benefit of the community and the local economy. LEVELS is a cornerstone of BEC's broader vision to inspire future generations and regenerate West Cumbria.
Malaysian Reserve
07-07-2025
- Business
- Malaysian Reserve
Malaysia suffers over RM7.5m in business email scam losses since 2023
KUALA LUMPUR — Malaysia recorded over RM7.5 million in losses due to business email compromise (BEC) scams between 2023 and the first half of 2025, according to Kaspersky. In a statement today, the global cybersecurity and digital privacy company reported that Malaysia also recorded 64,778 phishing attempts targeting local companies, averaging more than 5,300 incidents per month in 2024 – the third-highest in Southeast Asia, behind Thailand (247,560) and Indonesia (85,908). 'While BEC attacks may start with phishing to compromise an email account, the follow-up attack takes a different form – it relies heavily on social engineering to bypass technical defences and exploit human trust. 'Cyber criminals often study their targets in advance, craft convincing emails that prompt recipients to transfer funds, send sensitive data or buy gift cards that contain no suspicious links or malware, making them easier to mistake as legitimate instructions from a chief executive officer, vendor or colleague,' it said. Kaspersky also noted that local headlines in recent years have highlighted reported BEC cases that have proven financially devastating, with losses per incident ranging from RM250,000 to RM6.2 million, affecting victims from various sectors, including logistics, manufacturing, and kitchenware. Its managing director for Asia Pacific, Adrian Hia, said the real danger of BEC scams lies in their simplicity – just well-timed emails designed to exploit trust, routine and a moment of human error. 'Cybersecurity today must go beyond detection; it is about anticipation, helping businesses to spot the unusual in what seems normal and helping their stakeholders build cybersecurity habits that hold up under pressure,' he said. To avoid falling victim to BEC scams, Kaspersky advised using strong, unique passwords, enabling two-factor authentication, investing in security tools with anti-BEC features, training staff to spot social engineering, limiting the public exposure of company hierarchies and key staff contacts, and always verifying suspicious emails through a separate communication channel. — BERNAMA
Business Wire
02-07-2025
- Business
- Business Wire
Eftsure Now a Nacha Preferred Partner
RESTON, Va.--(BUSINESS WIRE)--Nacha announced that Eftsure, a leader in fraud prevention and payments protection, has joined its growing list of Nacha Preferred Partners. Eftsure is a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Eftsure is a payments fraud prevention platform designed to protect businesses from payment fraud, errors, and cyber threats by verifying the legitimacy of suppliers and their banking details. Eftsure cross-references payment information in real time, providing intuitive 'traffic light' alerts—green for verified details and red for discrepancies—before funds are released. This system helps prevent issues such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments. Eftsure promotes ACH as the preferred payment method in its platform, which does not support check payments. 'As concerns about fraud—particularly check fraud and credit-push frauds such as BEC—continue to grow, being vigilant is ever more important,' said Jane Larimer, Nacha President and CEO. 'We welcome Eftsure as a Nacha Preferred Partner and as another line of defense in the war on fraud.' 'Cybercrime and scam tactics are evolving rapidly, which is why businesses need collaborative, borderless solutions,' said Jon Soldan, Eftsure CEO. 'Eftsure now offers international payment verification across Europe and the Asia-Pacific (APAC) region. This expansion empowers U.S. companies with a unique capability: ensuring their vendor payments—whether domestic via ACH, wire payments or international—are directed to the correct recipients. Our partnership with Nacha further reinforces the value we deliver to finance teams, particularly in streamlining and securing outbound payments through greater visibility, control, and trust.' Nacha's Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network. For more information about the program, visit Nacha's Preferred Partner page. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About Eftsure Eftsure is the global market leader in payment fraud prevention. Specifically designed for businesses, our end-to-end solution safeguarded more than $288b in B2B payments last year. Powered by cross-matching, we use multi-layered verification methods to give finance and AP teams cleaner data, more control over onboarding vendors, and greater confidence in all outgoing payments, particularly ACH payments. In short, we ensure our customers don't pay the wrong people.
Hypebeast
01-07-2025
- Entertainment
- Hypebeast
'Hypetrak Magazine' Tunes Into the Future With 'Nueva Generaciónes
Hypebeast's music vertical is making its grand return to print this coming fall. Since 2015, Hypetrak has followed the pulse of the underground and cemented itself as a leading destination dedicated to rising artistry. Toasting to music's ability to connect people across land and shores, Corona Extra is powering the anticipated return ofHypetrak Magazine. In honor of the magazine's 2025 relaunch, Hypetrak presentsNueva Generaciónes, a music initiative spotlighting tastemakers in music. An embodiment of Hypetrak's spirit to champion musical subcultures and independent creators,Nueva Generaciónesalso showcases the Corona Extra mission to build moments of connection through celebration and shared experiences. From nostalgia-tinged soul to psychedelic-laced R&B to punk-infused bachata, the rhythm is coming to you all year long, with stories that dive deep into the intricate facets of artist identity, production, design, and for BEC lovers, the city's best bodegas. With anticipated Q&As and feature interviews hot off the press, Corona Extra is going straight to the source to hear from artists who are challenging genres, finding sonic inspiration within their communities, and bringing infectious earworms to the masses, one beat at a time. Since summer and Corona Extra go hand in hand, the brand is gearing up to bring exciting artist moments directly to fans throughout the year, starting with the reprise ofHypetrak Magazine. Exclusive interviews with rising artistsFiFi Zhang,Planta Industrial,Dreamcastmoe,54 Ultra,Duenditawill spotlight a global sonic fabric woven by cross-generational Generaciónes's rollout of IRL and digital moments will keep the energy alive, bringing music lovers unique opportunities to discover and connect with featured artists. All season long, Corona Extra recognizes the artists who embody authenticity and fearless expression. Stay tuned on Hypebeast and Hypetrak to hear from new and up-and-coming artists, and keep an eye out for the relaunch of theHypetrak Magazine. DISCLAIMER:(Relax responsibly®. Corona Extra® Beer. Imported by Crown Imports, Chicago, IL).
