PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. The 2018 report, sponsored by JPMorgan , finds fraudsters are spinning their BEC webs even broader, targeting new channels of business transactions.

Scams 55

Scams AFP Business Email Compromise Wire Transfer 55

PYMNTS

DECEMBER 24, 2018

It may seem like 2018 was the year of the fraudster, of bad guys and gals acting in concert to steal money, steal privacy and use data for any number of gains. It seems like every time somebody does some research on this topic,” observed Divitt, “the numbers tend to grow.”. Good vs. Bad. We’ll throw a few names out. Marriott. “It

Financial Crimes 65

Financial Crimes B2B Real Time Payments Crime 65

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. ” Beazley researchers found that the mean for ransomware attack demands was $10,310, though one incident saw a demand for $8.5 million. .

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

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. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

SEPTEMBER 11, 2019

billion in 2018. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. The operation also resulted in the seizure of nearly $3.7

Scams 65

Scams Email Compromise Compromise Wire 65

PYMNTS

JANUARY 30, 2020

Analysts today expect APAC to see the fastest rate of faster payments growth of any other geographic region on the planet, according to a 2018 report. The Asia-Pacific (APAC) region is one in which faster payment capabilities are quickly proliferating. ” Unwrapping The Fraud Threat. . ” Unwrapping The Fraud Threat.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Researchers noted that it’s not surprising that some businesses are so willing to pay the ransom. Consumers and businesses do appear to be fighting back.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

CB Insights

JULY 23, 2020

For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts. New variations of BEC have emerged during the pandemic. Source: CB Insights, Bank of America, US Dept of Commerce, ShawSpring Research.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101