PYMNTS

MARCH 9, 2017

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. So all in all, it’s the best of times and the worst of times for security folks.”.

Ransomware 60

Ransomware Cybersecurity Compromise Security 60

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. . Americans are getting their identities stolen every two seconds. Last year, that figure hit 53. .

Governance 58

Governance Government Ransomware Compromise 58

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. 2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. In addition, the battlefield is evolving.

Checks 58

Checks Email Compromise Security Compromise 58

PYMNTS

OCTOBER 3, 2017

New research from RSM, which provides consulting services to middle-market firms, finds that U.K. 2), which highlighted RSM’s research, U.K. s Charity Commission issued a warning in early 2016 over mandate fraud and the threat the scam poses to charities in particular. market calls “mandate fraud.”. on Monday (Oct.

Email Compromise 41

Email Compromise Scams NACHA Compromise 41

PYMNTS

SEPTEMBER 9, 2019

50 percent of alerts received by cybersecurity experts are false-positives , new research from CRITICALSTART reveals. 157 million: The cost of the Australian government’s 2016 cybersecurity initiative. . 157 million: The cost of the Australian government’s 2016 cybersecurity initiative.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

PYMNTS

FEBRUARY 10, 2017

But Cagnoni noted that while a shimmer attack can be successful, it requires a lot of manual work, making its effectiveness limited by the number of actual users of the compromised POS or ATM. Despite efforts by the industry, fraudsters successfully adapted to net 2 million more victims in 2016.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

SEPTEMBER 2, 2016

with Brits more likely to make a payment via contactless card than check, according to research by Mintel , the global market research firm. According to the research, which was issued on Thursday (Sept. 1), 31 percent of British residents used a check to pay for goods and services during the first quarter of 2016.

Contactless Payments 40

Contactless Payments Payments Debit Card Compromise 40

PYMNTS

OCTOBER 21, 2016

billion in 2016 to $27.9 The fleet management market is growing rapidly because increasing maintenance costs, fuel consumption , regulations and accidents have mandated the need for effective and efficient fleet management solutions and services, the researcher said in a press release. billion by 2021 at a CAGR of 23.9

APACS 55

APACS Compromise Governance Government 55

PYMNTS

OCTOBER 28, 2019

The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. The new data breach was reportedly not connected in any way to the cyberattacks in 2016 and 2017 that affected 400,000 Italian customers. In the past three years, UniCredit has spent €2.4 billion ($2.7

Data Breach 40

Data Breach Cybersecurity Breach Credential 40

PYMNTS

NOVEMBER 4, 2016

In a press release , Tripwire said the study, conducted by Dimensional Research, evaluated the confidence of IT professionals regarding seven key security controls that need to be in place to quickly detect a cyberattack in progress.

Breach 67

Breach Data Breach NOV Compromise 67

PYMNTS

NOVEMBER 14, 2016

The T&E firm said those funds, spent between 2014 and 2016, signal a new sense of confidence businesses have in the on-demand economy, with SMEs leading adoption rates as they look for more flexible corporate travel offerings and as hotel rates continue to rise. Brexit vote. A 1.61% decrease in U.S.

On-Demand 75

On-Demand Data Breach Data Security Small Business 75

PYMNTS

JULY 11, 2016

23, 2015, and June 14, 2016,” but also assessed that “most of the systems were affected during a shorter time frame,” according to a statement on the Omni corporate website. That information, said WSJ , was provided by Andrei Barysevich, director of cybercrime research at Flashpoint.

Breach 40

Breach Compromise Card Issuer Social Security 40

PYMNTS

MAY 9, 2016

The majority of large businesses based in the United Kingdom have been victims of cyberattacks in the past year, new research has posited. A new national cybersecurity strategy will be published by the end of 2016, which will offer up security pointers across businesses, consumers and government agencies, said BBC. billion ($2.7

Breach 40

Breach Government Governance Compromise 40

PYMNTS

MAY 4, 2016

According to researchers, small businesses lost an average of more than $12,000 in 2015 due to back-office fraud. That can mean fraudulent payments made using a business credit card, a compromise of payroll systems or unauthorized ACH and wire transfers. A new report from JAVELIN has uncovered the price of being an easy target.

Security 41

Security Wire Transfer Small Business Wire 41

PYMNTS

JANUARY 23, 2017

New research from the realms of supply chain management, financial services and SMEs uncovers how businesses today are approaching risk mitigation and which threats are instilling the most fear. Increased global competition is also a top concern for these professionals, the research found, with 42 percent citing this specific threat.

Risk 43

Risk AFP Identity Theft Email Compromise 43

PYMNTS

OCTOBER 1, 2019

” “Today, September 28th, 2019, the Fusion swap wallet was compromised, resulting in theft of 10 million native FSN and 3.5 The primary concern is that there are too many concerns,” added Ryan Giannotto, director of research at GraniteShares Inc., Criminals have stolen around $6.4 million ERC20 FSN tokens.

Bitcoin 46

Bitcoin Scams Stablecoins Agreements 46

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 12, 2017

in 2016, losing a combined $16 billion — just over $1,400 per victim, on average. Research from eSentire recently found that “rudimentary” cyberattacks on SMEs — including intrusion attempts, policy violations, and information gathering — are some of the most dangerous. FBI Sees Wire Fraud Via Email Grow In 2016.

Business Email Compromise 51

Business Email Compromise Phishing ATM FBI 51

PYMNTS

SEPTEMBER 13, 2017

The data follows previous research from Sabre and the Global Business Travel Association (GBTA), released last year, which also emphasized the potential for mobile travel and entertainment (T&E) industry solutions to gain traction in a saturated market.

Compliance 63

Compliance Addressing APACS Economy 63

PYMNTS

JULY 30, 2018

Eighty-four percent of simulated tests found at least one kind of vulnerability , and yielded compromises as a result of the tests. Researchers noted that, throughout this time, software vulnerabilities spiked. Researchers noted that these requirements mean passwords like “Summer2018!”

Credential 42

Credential Cybersecurity Breach Research 42

PYMNTS

MARCH 2, 2018

That’s a lot of compromised data, of course, and Equifax has taken steps to stanch some of the bleeding of personal information by forging new pacts used for identity verification. The report studies trends in the unattended retail category, especially kiosks’ rise across many industries. million | Number of U.S. billion.

FinTech 40

FinTech Data Breach Breach Checks 40

PYMNTS

MAY 2, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $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.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

MARCH 28, 2018

Researchers estimate U.S. billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. Compromise Security For Customer Experience. eCommerce companies lost $6.7 They’re attacking your customers directly.

Security 44

Security Data Breach Account Takeovers Breach 44

FICO

NOVEMBER 14, 2017

UBS Card Center, which processes roughly 25% of the credit cards in Switzerland, has cut the amount of fraud write-offs per compromised card, stopped more fraudulent transactions and reduced false-positive rates using the FICO ® Falcon ® Platform. For its achievements, UBS Card Center has won the 2017 FICO Decisions Award for Fraud Control.

Rules 58

Rules Volume Compromise AI 58

PYMNTS

JUNE 14, 2018

Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. with more than 16,800 victims recorded in 2016. According to the IRS, there were 4,000 recorded instances of business identity theft cases in 2016. What to Do About It.

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

JUNE 26, 2017

SAMSAM) was used to compromise the networks of multiple U.S. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. Currently the malware has caught the FBI’s attention. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

PYMNTS

JANUARY 10, 2017

Bronco will be a no-compromise midsize 4×4 utility for thrill seekers who want to venture way beyond the city.”. Ford acquired Chariot back in September 2016. According to Ford’s research, currently half of the world’s population lives in cities, and by 2030, that’s expected to grow to 60 percent.

Compromise 41

Compromise Returns Acquirers Research 41

PYMNTS

FEBRUARY 27, 2018

trillion in 2016, but companies aren’t always able to see where their dollars are going. Researchers for the eNett report found 60 percent of businesses acknowledge fraud is a concern when they make supplier payments. Business spend on travel reached $1.15 B2B Payments a Major Pain Point.

B2B 41

B2B Payments Research Credential 41

PYMNTS

MARCH 12, 2018

An estimated 86 percent of companies around the world experienced at least one cyberattack last year, according to Kroll research, as cited by Insurance Business last week. According to PwC, that’s a significant 18 percent increase from 2016 levels. Still, researchers found that cybercrime is the “most disruptive” to a small business.

Small Business 54

Small Business Cybersecurity Risk Assessment Data Breach 54

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s After gaining access to a compromised account, the criminals begin gathering information in order to launch secondary attacks across the victim’s network.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Researchers found that businesses saw 45.2 This week’s data digest is all about, well, data.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

MAY 30, 2016

CHAPS payment scheme in 2015 , and the infrastructure is used primarily for corporate treasury payments , according to the latest data from UK Payment Markets 2016.The The figure was provided by researchers examining the trends away from cash as businesses and consumers increasingly use cards. billion in sales for FY 2016.

Finance 40

Finance SWIFT Push-to-Card Risk Mitigation 40

PYMNTS

APRIL 14, 2017

From the latest trends in the ecosystem to the most coveted attack techniques, Ting-Fang Yen, research scientist at DataVisor, joined this week’s Hacker Tracker to share the findings uncovered by this massive data sample. What did you hope to reveal through the research? Here is an excerpt of the conversation.

Account Takeovers 44

Account Takeovers Online and Mobile Banking Credential Compromise 44

PYMNTS

SEPTEMBER 8, 2017

People purchased 480 billion plastic bottles in 2016 and are on track to increase that figure by more than 100 billion by 2021. Pentatonic is committed to green products “without compromising an inch on design, performance or function.”. Humans produce an almost staggering amount of waste each year. More than 8.3

Compromise 48

Compromise Product Process Returns 48

PYMNTS

OCTOBER 25, 2017

Of all the sensitive personal data consumers and businesses would rather not see compromised, financial data is surely toward the top of the list. Thales partnered with 451 Research for the “ 2017 Data Threat Report, Financial Services Edition ,” a report which surveyed U.S.-based The results weren’t great.

Breach 41

Breach Data Breach Encryption Data Security 41

PYMNTS

APRIL 21, 2017

Cybercriminals certainly had a habit of churning out headline-worthy attacks in 2016 — from the Mirai botnet’s infamous distributed-denial-of-service attacks on domain directory Dyn and the DNC hack to hackers targeting the SWIFT interbank system.

Phishing 57

Phishing Cybersecurity Encryption Compromise 57

PYMNTS

OCTOBER 3, 2016

Not long ago, research firm International Data Corp. said in the worldwide wearable tech device industry will have grown by 38 percent year over year in 2016, with 110 million units in the field by the end of the year. pose a real problem if they are compromised. The wearable revolution is here. Depends on your perspective.

Use Case 79

Use Case CHIPS Compromise Technology 79