PYMNTS

DECEMBER 15, 2016

Reportedly, an unauthorized third party stole data associated with the more than 1 billion Yahoo user accounts back in 2013. In September of this year, it was revealed that over 500 million Yahoo accounts had been compromised back in 2014. The company announced Wednesday (Dec.

Data Breach 72

Data Breach Breach Law Enforcement Encryption 72

PYMNTS

DECEMBER 5, 2017

In November, the world learned that Uber had been hacked a year earlier, compromising 57 million customers’ and drivers’ data. In October, Yahoo admitted that every single one of its three billion users had been compromised in history’s biggest data breach ever, which hit the company in 2013 – four years ago.

Data Breach 53

Data Breach Breach Posting Consumer 53

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. Analysis of 295 cases of accounting fraud between 1996 and 2013 was compared to property crime rates in the areas where corporate fraud occurred. Indeed, the last week has seen the emergence of even more examples coming to light.

Business Email Compromise 91

Business Email Compromise Scams Crime Email Compromise 91

Clearly Payments

MARCH 4, 2024

From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following revelations of accounting fraud, these fraud events serve as stark reminders of the vulnerabilities within payment systems. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

MAY 1, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam. The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

Scams 47

Scams Business Email Compromise Email Compromise Identity Theft 47

PYMNTS

MARCH 27, 2017

45 percent | Increase of business email compromise attacks in Q4 2016. billion | Total amount stolen via BEC attacks since 2013. Here are the numbers: $100 million | Amount of money stolen from hacker. businesses hacked in this case. 45,000 | Number of email attacks examined by just Proofpoint between July and December 2016.

Email Compromise 40

Email Compromise Business Email Compromise Compromise Scams 40

PYMNTS

JUNE 15, 2016

The scam is also known as the Business Email Compromise and typically only goes after businesses, rather than consumers. Billion | The amount hackers have attempted to steal from businesses using wire fraud between October 2013-May 2016. and foreign victims between October 2013-May 2016.

FBI 40

FBI Wire Wires Wire Transfer 40

PYMNTS

SEPTEMBER 10, 2019

9) that Toyota Boshoku Corporation, one of Toyota’s car parts suppliers, lost more than $37 million to a Business Email Compromise scam, in which a cybercriminal directed a professional within the company to pay a fraudulent vendor invoice. “A billion has been lost to the Business Email Compromise scam between 2013 and 2018.

Email Compromise 46

Email Compromise Compromise Cybersecurity Scams 46

PYMNTS

JULY 20, 2018

Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on the rise. victims of BEC scams between October 2013 and May 2018, totaling more than $2.9 According to the FBI, the Internet Crime Complaint Center (IC3) recorded 41,048 U.S. billion in losses.

Scams 43

Scams Business Email Compromise Email Compromise FBI 43

PYMNTS

AUGUST 12, 2019

Business email compromise has come to high school sports. Department of the Treasury, has estimated in recent weeks that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. As reported this past week by Fox 5 in Washington, D.C.,

Business Email Compromise 59

Business Email Compromise Scams Fincen Compromise 59

PYMNTS

DECEMBER 21, 2018

The findings came from a survey of 2,000 individuals between 2013 to 2018. In examples of the ill-famed business email compromise ( BEC ) scams that seem to make frequent headlines, $1 million was transferred from the Save the Children Foundation. billion has been stolen via BEC from October 2013 to May 2018.

Business Email Compromise 60

Business Email Compromise Email Compromise Advisors IRS 60

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. billion in total losses since 2013.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

NOVEMBER 15, 2016

Security solutions provider RSA estimates a 173 percent increase in cases of mobile fraud worldwide between 2013 and 2015. More recently, data breaches reportedly went up 15 percent year over year with 424 million compromised data files (and this was before the Yahoo! This will be true not just in New York City, but worldwide.

Crime 62

Crime Data Breach Law Enforcement Breach 62

PYMNTS

JULY 22, 2019

A city spokesperson confirmed earlier this month that the government had voted unanimously to pay the ransom on top of the costs of attempting to fix and replace the computers that were compromised in the cyberattack. . The modern version of ransomware, in which attackers demand payment in bitcoin, first emerged in 2013.

Governance 58

Governance Government Ransomware Compromise 58

PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. It was reported that some consumers whose cards were compromised said they stopped using them at Target – while still shopping there – and reverted to cash instead. For merchants, that’s great news, since consumers keep spending even if merchant systems keep getting compromised.

Breach 77

Breach Consumer Credential Compromise 77

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

MAY 8, 2017

billion from October of 2013 through December of 2016. The schemes are known as business email compromises. billion from October of 2013 through May of 2016, showing a big increase in attempts in the last seven months of 2016. In a previous report, the FBI had said thieves tried to steal $3.1

FBI 41

FBI Wire Wires Email Compromise 41

PYMNTS

DECEMBER 3, 2018

19, 2013), Target was breached. People could not believe an entity like Target could be so completely compromised. Half a decade later, consumers are no longer so easily appalled since hacks, breaches and compromised data privacy have become a standard background noise in payments and commerce. Almost five years ago (on Dec.

Consumer 70

Consumer Breach Compromise Advisors 70

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.

Transactions 51

Transactions Laws Compliance Audit 51

PYMNTS

JANUARY 18, 2019

Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm.

Business Email Compromise 69

Business Email Compromise Scams Audit Payroll 69

PYMNTS

JUNE 22, 2020

Merchants, with the inclusion of Valentino, had blocked off their retail locations with wood to stop looters from compromising their retail locations as well as their stock of items in early June. Valentino began its lease in the summer of 2013, and it concludes in 2029, for three floors as well as a basement.

Compromise 52

Compromise Blocks Legal Consumer 52

PYMNTS

DECEMBER 10, 2018

The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach. Between 2010 and 2013 , it’s been reported that the volume of sales on the REDCard grew from 6 percent to 19 percent – in other words, like gangbusters. But between 2013 and 2015, it’s been a different story.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

SEPTEMBER 9, 2019

billion has been lost to the Business Email Compromise scam between 2013 and 2018 , data analyzed by cybersecurity firm Agari, in conjunction with the Federal Bureau of Investigation’s Internet Complaint Center, revealed.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

PYMNTS

NOVEMBER 27, 2019

A late Thanksgiving means retailers faced less time to offer holiday shopping deals, so many of them compromised by simply starting sales early. The last time there were so few days during the holiday shopping season was 2013, and retailers struggled to ship items on time. billion online since Nov. percent year over year.

NOV 52

NOV Compromise Consumer Product 52

PYMNTS

MARCH 12, 2018

Following the incident, Yahoo faced criticism that it was too slow to alert customers to the breach in data privacy that spanned three years, from 2013 to 2016. 2017, Yahoo announced its 2013 security breach exposed all 3 billion of its users. Initially, Yahoo only revealed that 1 billion accounts had been compromised.

Breach 40

Breach Identity Theft Data Breach Cybersecurity 40

PYMNTS

JANUARY 23, 2017

Adding to its mounting list of headaches — Yahoo is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised.

Breach 43

Breach Data Breach Compromise Cybersecurity 43

The Paypers

DECEMBER 15, 2016

(The Paypers) Yahoo had uncovered another cyber-attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history.

Accounts 28

Accounts Compromise Breach 28

PYMNTS

AUGUST 21, 2018

million in fines for its audits of Ted Baker in 2013 and 2014 after the company admitted misconduct to the FRC. The regulator determined that KPMG’s decision to provide expert witness services to Ted Baker in a lawsuit breached ethical standards and compromised KPMG’s ability to audit Ted Baker’s finances without bias.

Audit 40

Audit Breach Governance Government 40

PYMNTS

JANUARY 28, 2019

million people were compromised, Singapore’s Ministry of Health said the personal details and HIV-positive status of 14,200 people were placed online. According to a report in TechCrunch , it marks the second time within a year that Singapore residents’ data has been accessed.

Breach 49

Breach Compromise Posting Addressing 49

PYMNTS

OCTOBER 10, 2018

One of the biggest problems with wire, particularly in the B2B payments space, is its target for fraud, and the Federal Bureau of Investigations (FBI) says instances of business wire fraud, commonly referred to as the business email compromise, are climbing. Thieves attempted to steal $5.3 counterparts are not available.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

PYMNTS

JUNE 7, 2016

The hack is believed to have taken place sometime between late 2012 and early 2013, but the hacker behind the breach is now selling a smaller subset of the database on a dark web marketplace for 1 bitcoin (a value of approximately $580).

Accounts 43

Accounts Data Breach Database Breach 43

PYMNTS

FEBRUARY 20, 2020

ZeroFOX was co-founded by five entrepreneurs — Chris Cullison, Evan Blair, Hillary Herlehy, James Foster and Robert Francis — and rebranded from the name Riskive in early 2013. But for many service providers, achieving one can often mean compromising the other.

Phishing 52

Phishing Cybersecurity Compromise Risk 52

PYMNTS

MAY 30, 2018

In October Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Initially, Yahoo announced that 1 billion accounts had been compromised. According to news from Bloomberg Technology, Yahoo obtained the new information after Verizon acquired it for $4.5

Identity Theft 44

Identity Theft Breach Phishing Scams 44

PYMNTS

DECEMBER 21, 2016

s part to believe their systems had been compromised. But more remarkable than the fact that Yahoo actually managed to compromise the data of 21 percent of the planet is the fact that this information barely registered with the vast majority of people. The simple answer: December 19, 2013 happened.

Breach 52

Breach EMV Compromise Push-to-Card 52

CB Insights

OCTOBER 2, 2018

For example, Facebook recently disclosed that an unprecedented data breach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.

Data Security 58

Data Security Encryption Security Data Breach 58

PYMNTS

JUNE 23, 2016

For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. ” He took the 2013 Target data breach as an example. 2013, resulting in $3.1

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40