The Payments Association

OCTOBER 28, 2024

These build on the voluntary code in place since 2019 and aim to provide more consistent compensation for victims. In 2023 alone, this partnership led to 149 arrests or interviews under caution and the recovery of nearly 25,000 compromised card numbers from criminal gangs.

Scams

Fintech Finance

MARCH 12, 2025

Four out of 10 of these people are credit card holders, a group that has tripled in size in the country since 2019, led by digital players. Network tokenization stands out as another prime example, as it replaces sensitive card data with encrypted identifiers for each transaction, reducing fraud risk without compromising approval rates.

Issuers

Nanonets

OCTOBER 28, 2024

Introduction to the NetSuite REST API The NetSuite REST API, released in 2019, aims to overcome the complexities of older integration methods like SOAP by offering a more streamlined, JSON-based interface. ERP Layer : The ERP layer refers to the data and operations within Oracle NetSuite itself.

API

PYMNTS

FEBRUARY 20, 2020

Defense Information Systems Agency (DISA) said that its network was likely “compromised,” according to reports on Thursday (Feb. Social Security numbers and other sensitive information are believed to have been breached between May and July of 2019, the letter said. president and other senior government officials. Letters dated on Feb.

Data Breach

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC.

Compromise

PYMNTS

FEBRUARY 9, 2020

Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware. Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If

Ransomware

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses.

Business Email Compromise

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin

PYMNTS

DECEMBER 31, 2019

Welcome, then, to the Top Data Breaches of 2019. Data compromised included email addresses, Social Security numbers and bank information. million records were compromised and exposed in a data breach of American Medical Collection Agency — a collector for Quest Diagnostics and UnitedHealth Group. The readings are pretty grim.

Data Breach

PYMNTS

JUNE 24, 2020

Telegram reportedly said much of the leaked data ended up being outdated, with 84 percent of it being collected before mid-2019 and around 60 percent of it being inaccurate. The company said there was no way to tell exactly how many had been affected, but it seemed billing data had not been compromised.

Breach

PYMNTS

DECEMBER 11, 2019

Kaspersky researchers studied 174 municipal institutions and their 3,000 subset organizations that were targeted in 2019. In addition, once a city has been attacked, the whole infrastructure is compromised and requires an incident investigation and a thorough audit.

Ransomware

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. According to the FBI’s 2020 Internet Crime Report, 2020 alone saw 791,790 complaints of suspected internet crime – an increase of more than 300,000 since 2019. What Is a Business Email Compromise Attack?

Email Compromise

PYMNTS

AUGUST 3, 2020

200%: Growth in business email compromise attempts between April 2020 and May 2020. 80.8%: Share of AP departments paying suppliers with paper checks in 2019. $5T: And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. All this, Today in Data.

Email Compromise

PYMNTS

NOVEMBER 25, 2020

The SEC warned in October that cyberattacks on corporations had been increasing, and businesses were advised to include multi-factor authentication to prevent credential compromises. Morgan Chase found that 81 percent of business owners reported experiencing payments fraud in 2019. And in another recent study, J.P.

Cybersecurity

PYMNTS

MARCH 12, 2020

Consumer information was compromised on a tourist website and Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece were all forced to cancel cards. Earlier this year , all four of Greece’s main banks were forced to enact security protocols after a data breach, and 15,000 consumer cards were canceled.

Payments Data

PYMNTS

JULY 16, 2019

This marks the eighth major cyberattack on a cryptocurrency in 2019 and is one of the largest. million hack that compromised nearly 100 customers’ wallets. There have now been more hacking attacks in the first seven months of 2019 than in all of last year — and attacks on larger exchanges than before, according to Coindesk.

Cryptocurrency

PYMNTS

NOVEMBER 2, 2020

And the SEC warned about credential compromises, meaning cyberattacks using compromised client login credentials to attack brokers and dealers, take customer assets and expose private information. Clayton recommended that companies and individuals each perform digital hygiene, CNBC reported.

Cybersecurity

PYMNTS

FEBRUARY 20, 2020

million guests was compromised, according to a report by Reuters. . MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6

Data Breach

PYMNTS

APRIL 14, 2019

According to reports citing Microsoft, the company confirmed that a “limited” number of webmail users — including @msn.com and @hotmail.com — saw their accounts compromised by hackers. The breach happened between January 1, 2019, and March 28, 2019, according to reports.

Breach

PYMNTS

FEBRUARY 21, 2020

the value of contactless commercial card payments (both debit and credit) jumped 24 percent in 2019. Data breaches: MGM has admitted to a 2019 hack , where 10.6 million guests’ data was compromised. Defense Information Systems Agency (DISA) said that its network was likely “compromised,” according to reports this past week.

Online and Mobile Banking

PYMNTS

JULY 13, 2020

But the two men got that wealth, allegedly, from a business email compromise (BEC) scheme, where they gained access to legitimate email accounts and then tricked the company’s employees into sending money to the scammer’s email account. But the two likely needed a U.S.-based

Business Email Compromise

Fintech News

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Their product, iDenFace, an AI-based face recognition technology, has been in development since 2019 to ensure it stays state-of-the-art.

AML

PYMNTS

NOVEMBER 19, 2019

The website was compromised in early October, and a malicious script was added to the My Wallet and Checkout pages, Bleeping Computer reported. That kind of compromise, which is known as a Magecart attack, involves hackers compromising a website so they can put malicious JavaScript scripts into different sections of the site.

Compromise

PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. This is not the first time the FBI has sounded a warning about business email compromise. Fraud Trends.

Scams

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

PYMNTS

APRIL 5, 2019

“On March 4, 2019, AeroGrow learned that an unauthorized person may have acquired, through the use of malicious code, the payment card information that users entered into the eCommerce vendor’s payment page. “We have informed law enforcement and will cooperate with their investigation,” the letter explained.

Credit Cards

PYMNTS

JUNE 29, 2020

It has been steadily gaining popularity in recent years, with more than 10,000 financial institutions (FIs) around the world practicing open banking and 87 percent of the world’s nations having open banking protocols in place as of 2019. billion such attacks between December 2017 and November 2019, 16.55 There were 85.42

MFA

PYMNTS

FEBRUARY 10, 2020

Approximately 34 percent said that they felt biometrics offered improved security over passwords, a fact that is backed up by the 2019 Verizon Data Breach Investigations Report, which found that 80 percent of data breaches can be traced to compromised or weak passwords. The bank plans to enroll all 3.7

Data Breach

FICO

NOVEMBER 12, 2019

FICO World 2019 in New York captured those benefits in the context of our valued clients’ experiences and put them on display for the 1400+ attendees gathered at the conference. The buzz about the Platform and Centralized Decisioning at FICO World was inescapable and palpable.

Underwriting

FICO

SEPTEMBER 16, 2020

Whilst data compromises drove up card fraud in the UK in 2018, they were not at the same scale and ferocity as 2019. Overall, the 18 countries covered in our map reduced card fraud by 2% in 2019. See the interactive map at www.fico.com/europeanfraud. But there were also some worrying increases.

Monetary Loss

Wharton Fintech

NOVEMBER 2, 2023

Here’s a preview of what you can anticipate in this conversation: On her own career: “I became a better mum for having a job throughout the period of being a parent… I evolved into being a better worker and coworker and probably boss for having been a mum at a young age because I had to learn the art of compromise.”

AI

PYMNTS

SEPTEMBER 23, 2020

A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. billion in 2019. For more on these and other financial crime news items, download this month’s Playbook.

Identity Theft

PYMNTS

JULY 30, 2019

Capital One revealed the massive data breach in a news release on July 29, 2019. Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Breach

PYMNTS

SEPTEMBER 24, 2019

Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept. With billions of compromised credentials exposed online, there is a high likelihood that most users of the U.S. financial system have had some information about themselves … compromised at some point.”.

Fincen

CB Insights

MARCH 7, 2019

The risk of hackers exploiting medical devices to disrupt healthcare operations was listed as the top concern for 2019 in an ECRI report on health technology hazards. Hackers can leverage compromised devices to obstruct functions critical to patient health, hinder hospital operations, or steal sensitive information.

Security

PYMNTS

FEBRUARY 24, 2020

Separate research from Coveware found companies paid an average of $84,116 to recover their files in Q4 2019, reports said, adding that public entities accounted for about one-tenth of 2019’s cases. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Business Email Compromise

PYMNTS

OCTOBER 7, 2019

Separately, researchers at Agari are warning of Silent Starling, the newest cybercriminal ring using a Vendor Email Compromise (VEC) scam to steal company cash from supply chains. “VEC is the next evolution of business email compromise. . “VEC is the next evolution of business email compromise.

Scams