PYMNTS

APRIL 26, 2019

Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. billion in 2018. billion in 2018. No other financial data or student-related data had been compromised, according to the report.

Business Email Compromise 57

Business Email Compromise FBI Scams Wire 57

PYMNTS

JANUARY 29, 2018

The 2018 predictions seem more like a laundry list of trends and tactics that’ve emerged over the last several years than a discussion of the profound impact these trends have had on the consumer and business payments experience. It’s seemingly all about tactics these days. Starting with mobile wallets.

Online and Mobile Banking 67

Online and Mobile Banking Credential Breach Authentication 67

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. He described this as a “group of both business email compromise , BEC as it’s called, or CEO fraud.”. gig workers in 2018, according to the PYMNTS Gig Economy Index.

Financial Crimes 65

Financial Crimes B2B Real Time Payments Crime 65

PYMNTS

SEPTEMBER 18, 2019

Data: 1,100: Number of business email compromise fraud scams that targeted CEOs in 2018. trillion: Estimated value of global financial losses reported in 2018. Data: 1,100: Number of business email compromise fraud scams that targeted CEOs in 2018. All this, Today in Data.

Email Compromise 76

Email Compromise Scams Compromise B2B 76

VISTA InfoSec

JUNE 3, 2024

This rule, which started on May 25, 2018, gives customers more control over their data and makes data collection and use more transparent. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

MFA 130

MFA Credential PCI DSS Compliance 130

Payments Source

APRIL 11, 2018

Even though a denial-of-service attack on an e-commerce site is not classified as a breach because data is usually not compromised, the 2018 Verizon Data Breach Investigations Report claims it is a growing menace to merchants who rely solely on their websites.

Data Breach 64

Data Breach Breach Compromise Data Security 64

VISTA InfoSec

OCTOBER 25, 2023

When you manage risks, consider popular frameworks like ISO 27005:2018, OCTAVE, NIST SP 800-30, RISK IT, Value-at-Risk (VaR), and Earnings-at-Risk (EaR). and test environments (used for testing updates or new applications), would cause minimal disruption to an organization’s operations if compromised.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

PYMNTS

FEBRUARY 1, 2019

The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”. Home improvement startup Houzz revealed that it suffered a data breach.

Data Breach 80

Data Breach Breach Law Enforcement Encryption 80

PYMNTS

MAY 8, 2019

The attacks occurred between May and October of 2018. Amazon said the hackers compromised about 100 seller accounts, taking cash from either loans or sales and putting it into their own accounts.

Phishing 99

Phishing Compromise Accounts AI 99

PYMNTS

NOVEMBER 24, 2019

None of your financial data (including credit card information) or social security numbers were involved, and no passwords were compromised,” said the disclosure. . In August 2018, T-Mobile told customers in a blog post that a cyber-attack exposed the personal information of about 3 percent of its users.

Data Breach 81

Data Breach Breach Social Security Risk 81

FICO

JUNE 11, 2020

While convenient for customers, unattended pumps make it easier for use fraudsters use compromised cardholder information (available in plentiful supply on the Dark Web ) to make fraudulent purchases. . How FICO pinpoints fraudulent fuel transactions. For example, let’s say there’s a flurry of cardholder activity in a new state.

EMV 72

EMV Compromise Fraud Prevention CHIPS 72

PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. billion in 2018. Fraud Trends.

Scams 65

Scams Email Compromise Compromise Wire 65

PYMNTS

FEBRUARY 20, 2019

The company noted that a number of well-known online retailers’ payment websites were compromised by formjacking code in the past few months, but small and medium-sized retailers were most targeted. Ten stolen credit cards from each website that is compromised can result in up to $2.2 million each month.

Scams 69

Scams Identity Theft Compromise Ransomware 69

PYMNTS

JULY 8, 2019

Hackers used a fake website to trick bookers, and the ICO said the British Airways had “poor security arrangements,” essentially allowing the breach, which started in June of 2018, to happen. percent of the airline’s £11.6bn turnover in 2018, which is in line with General Data Protection Regulation rules. “We

Compromise 43

Compromise Breach Data Breach Privacy 43

PYMNTS

APRIL 13, 2020

B2B payments are far from immune to fraud, and in this week’s B2B Data Digest, the business email compromise (BEC) scam reigns. Though the figure is high, it’s a decrease from 80 percent in 2018, the AFP noted. ” Below, PYMNTS looks at the data behind the latest B2B payments frauds, including BEC scams and beyond.

Business Email Compromise 63

Business Email Compromise Email Compromise Scams Law Enforcement 63

PYMNTS

AUGUST 16, 2019

According to the news outlet, hackers changed the source code of the chatbot via compromised credentials. The carrier disclosed the incident in 2018, noting that card details, as well as personal information from up to 825,000 clients, were exposed. Delta did not comment to the WSJ , nor did a lawyer representing the carrier.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

FICO

SEPTEMBER 16, 2020

Of the 18 countries covered in the report, based on data from Euromonitor International and UK Finance, the UK posted the largest value reduction in fraud since 2018, some £52 million. Whilst data compromises drove up card fraud in the UK in 2018, they were not at the same scale and ferocity as 2019.

Compromise 52

Compromise Monetary Loss Deposit Account Volume 52

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Titled "Business Email Compromise (BEC): How does it attack your business and how can you prevent it?"

Business Email Compromise 70

Business Email Compromise Scams Email Compromise FBI 70

PYMNTS

APRIL 7, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. That figure marks the second-highest percentage in the past 10 years.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

PYMNTS

APRIL 5, 2019

AeroGrow explained that customers who bought something through its website between October 29, 2018 and March 4, 2019 had their credit card number, expiration date and card verification value (the security code) stolen by the malware. “We have not delayed notifying you at the request of law enforcement.

Credit Cards 63

Credit Cards Law Enforcement Compromise Data Breach 63

VISTA InfoSec

SEPTEMBER 30, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customers data, they can not only damage a companys reputation but can also lead to heavy fines if compromised. The GDPR, which came into effect on May 25, 2018, introduced the requirement for certain organizations to appoint a DPO.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. The GDPR, which came into effect on May 25, 2018, introduced the requirement for certain organizations to appoint a DPO.

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

APRIL 10, 2019

Firms with revenue below $1 billion actually saw a decrease in fraud attempts in 2018, from 73 percent in 2017 to 69 percent last year. However, instances of the business email compromise scam continued to climb, with 80 percent of companies surveyed reporting they were targeted by a BEC scam, up from 77 percent in 2017.

AFP 69

AFP Scams Email Compromise ACH 69

PYMNTS

APRIL 3, 2020

Launched in 2018, Euro’s instant payments were created to also be able to settle other currencies, the agency said. Our real-time settlement platform is a pivotal contribution to Europe’s endeavors to satisfy citizens’ increasing demand for faster, cheaper and convenient payment services without compromising on security.”.

Real Time Payments 75

Real Time Payments Central Bank Instant Payments Agreements 75

PYMNTS

JUNE 25, 2019

Facebook also argued that while logins were compromised, data of real value like card numbers remained protected and unharmed. Facebook has argued it is really the victim as the target of highly-sophisticated hack attacks — and that it ought not be liable for thieves gaining access to user names and contact information. Facebook Inc.,

Data Breach 74

Data Breach Breach Compromise Legal 74

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. One 2018 study found that 81 percent of open banking-related breaches were the result of stolen or weak passwords. There were 85.42 million were aimed at the financial industry.

MFA 96

MFA Risk Security API 96

PYMNTS

NOVEMBER 18, 2020

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We MPC-based and cold storage crypto wallets are secured and were not compromised.”.

Bitcoin 60

Bitcoin Compromise Cryptocurrency NOV 60

PYMNTS

JANUARY 10, 2020

Dixons Carphone is staring down the barrel of a £500,000 (about $650,000) fine by the Information Commissioner’s Office over an incident of compromised data that affected over 14 million customers, according to published reports Thursday (Jan. Due to the breach, 5.6 It pledged to amp up its cybersecurity investments.

Breach 52

Breach Consumer Compromise CHIPS 52

PYMNTS

NOVEMBER 9, 2018

In fact, more than one-third of consumers had their PII compromised in the last year, First Data’s 2018 Consumer Cybersecurity Study found. There is an ever-growing cache of personal identifying information (PII) available to fraudsters on the dark web.

AI 76

AI Authentication Account Takeovers Cybersecurity 76

PYMNTS

MARCH 6, 2018

The news comes after Cicis Pizza announced in 2016 that it had gathered enough evidence to prove a large number of Cicis locations had been compromised by a credit card breach , one that dated back to March 2016 or before. RMH became aware of the breach on Feb. 13 and “promptly took steps to ensure that it had been contained.”

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

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. The total value of funds redirected as a result of a BEC scam has now topped $12 billion, the FBI said, updating previous warnings of the scam and including data up to May 2018.

Scams 43

Scams Business Email Compromise Email Compromise FBI 43

PYMNTS

AUGUST 15, 2019

No “market-sensitive” data that could compromise the markets was stolen, the ECB said. The attack, which dates back to at least December of 2018, was not discovered for months. A European Central Bank (ECB) website has been shut down after a malicious hacking attack infected the site. It was discovered during routine maintenance work.

Shutdown 65

Shutdown Central Bank Phishing Bitcoin 65

PYMNTS

JULY 29, 2019

Business E-mail Compromise (BEC) fraud has been gaining ground and growing in terms of number of incidences, according to a recent report. As noted by the Financial Crime Enforcement Network (FinCEN), the number of reports of BEC rose to a monthly average of more than 1,100 in 2018, where the tally had been 500 in 2016. billion.

Business Email Compromise 55

Business Email Compromise Scams Fincen Crime 55

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. We will open 10 stores in 2017 and follow up with three more in 2018.”.

Data Breach 60

Data Breach Encryption Breach Compromise 60

PYMNTS

SEPTEMBER 21, 2019

20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week. 11 percent of businesses surveyed in Microsoft’s 2019 Global Cyber Risk Perception Survey said they are confident about their cyber resilience.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

JULY 10, 2019

Of the 500 million guests impacted, around 327 million had information compromised that ranged from names to passport numbers to email addresses and Starwood account information. The company also stated that credit card data may have been compromised even though it had been encrypted.

Regulations 54

Regulations Due Diligence Breach Data Breach 54

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105