PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. In a press release on Tuesday (Feb.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

APRIL 12, 2019

Thus, business email compromise fraud (BEC) is evolving too. Indeed, BEC was the way the criminals gained access to many of their victims — as many as 33 percent of them, which is up from the 12 percent seen in 2017.

Business Email Compromise 46

Business Email Compromise AFP ACH Email Compromise 46

PYMNTS

MAY 2, 2017

In other news of note from the Facebook space, it recently came to light that the social media giant, along with Google, were the heretofore unnamed victims of a combined $100 million phishing attack earlier this year. At the end of March , the U.S. The corporate victims, now known to be Facebook and Google, weren’t named at the time.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. But the Spring 2017 report reveals news of threats that are just beginning to flare up.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

APRIL 9, 2018

Gemini Advisory, which first identified the breach at Hudson’s Bay, suggests human error was to blame: An employee likely clicked on a malicious link sent via a phishing scam. IBM warned that some of the most common human errors linked to data breaches involve “basic misjudgment.” To err is human,” IBM said in its report.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

APRIL 2, 2019

Spend control isn’t easy — just ask Google and Facebook, which confirmed in 2017 they were among the corporate victims of a widespread phishing attack that tricked businesses into paying fake invoices. The scam wasn’t a one-off job, either.

Email Compromise 59

Email Compromise Scams Phishing Correspondent 59

PYMNTS

JANUARY 23, 2017

49% of financial professionals say earnings uncertainty is a greater threat today than it was three years ago, according to the 2017 Association for Financial Professionals Risk Survey. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Risk 43

Risk AFP Identity Theft Email Compromise 43

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. Researchers advised small business owners to not download any email attachments from an unnamed address.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

AUGUST 10, 2018

It was a 2017 report commissioned by Google that caught Womply President Cory Capoccia’s attention. Many businesses are confining themselves to the most basic levels of technology, like email, yet fail to reach an online audience with websites, eCommerce capabilities, social media presence, digital marketing and beyond.

Cybersecurity 40

Cybersecurity Small Business Phishing Email Compromise 40

PYMNTS

NOVEMBER 6, 2017

percent from Q2 2016 to Q2 2017. billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. In an account takeover, a fraudster can take over a corporation’s financial account using phishing, spyware or malware. “At At the time, they were seeing about 80 cases a week,” Nelson said. “It

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

DECEMBER 7, 2018

The scope of the scam comes courtesy of cyber threat detection firm Agari, which has said the group, London Blue, seeks to ply its trade through the business email compromise (BEC) effort. The emails try to get the victims to send money to accounts – and the money, of course, is likely to disappear forever. “It purchase price.

Scams 68

Scams Credit Cards Email Compromise Business Email Compromise 68

CB Insights

JULY 23, 2020

In 2017, Microsoft acquired AltspaceVR , which facilitates live events such as business-related conferences. However, as an unprecedented portion of the workforce has been relegated to working from home, IT teams have faced new challenges, from less than optimal at-home network security to more targeted business email compromise schemes.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101