PYMNTS

OCTOBER 8, 2020

Data: $509: Average amount that millennials spent on Black Friday in 2019. 20.2%: Share of shoppers who went to a physical store on Black Friday 2019. 2.2B: Number of consumers targeted with COVID-19-related phishing schemes. 41%: Portion of banks focusing their investments on KYC automation.

Phishing 93

Phishing Authentication Verification Returns 93

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. Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

DECEMBER 11, 2019

Kaspersky researchers studied 174 municipal institutions and their 3,000 subset organizations that were targeted in 2019. It spreads by phishing and as an attachment on a financial document. The number alone shows that attacks have increased 60 percent since last year, the company said.

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. percent of all fraud reported in 2019.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

Fraud Prevention 102

Fraud Prevention Account Takeovers Phishing Push-to-Card 102

The Payments Association

OCTOBER 28, 2024

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. These build on the voluntary code in place since 2019 and aim to provide more consistent compensation for victims.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Paypers

MAY 24, 2019

(The Paypers) Phishing accounted for 29% of all fraud attacks in Q1 2019, with India standing second to the US on the list of top phishing hosting countries.

Phishing 31

Phishing Accounts 31

PYMNTS

JANUARY 24, 2020

And in digital fraud, phishing poses a unique threat to businesses. Data: 90 percent : Portion of data breaches caused by phishing in 2019. 63 percent: Portion of crypto exchanges examined in Q3 2019 that had weak KYC procedures. Data: 90 percent : Portion of data breaches caused by phishing in 2019.

Phishing 56

Phishing Data Breach Financial Crimes Procedures 56

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

Phishing 56

Phishing Credit Union Breach Data Breach 56

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5 Tax season is upon U.S.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

JUNE 8, 2020

percent between 2019 and 2026, hitting $43.2 The technology industry has already recognized MFA’s value, with Alex Weinert, group program manager for identity security and protection at Microsoft, stating in August 2019 that the company’s studies suggest accounts verified via MFA are 99.9 Fighting Phishing.

Authentication 60

Authentication MFA Phishing Scams 60

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 83

Identity Theft Financial Crimes Technology Crime 83

PYMNTS

SEPTEMBER 21, 2019

Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs. 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.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

Braintree

AUGUST 26, 2019

It is effective against various forms of phishing attacks, where malicious actors trick users into giving them login credentials. 1 Traditional two-factor authentication methods, like SMS codes and authenticator apps, offer protection against basic types of phishing attacks. Cyber Security Breaches Study 2019 , GOV.UK, April 2019.

Authentication 52

Authentication Phishing Account Takeovers Breach 52

PYMNTS

APRIL 14, 2019

The breach happened between January 1, 2019, and March 28, 2019, according to reports. Microsoft also told users it doesn’t know what data hackers viewed or why they did it and warned impacted users could see more phishing or spam emails. “You

Breach 68

Breach Accounts Credential Compromise 68

PYMNTS

JANUARY 28, 2020

billion times it happened in just the first half of 2019. In the Capital One breach of 2019, a software engineer accessed 100 million customer accounts by exploiting a code weakness, then tried to share stolen customer data with others before being arrested. million per incident. Then multiply that by the 4.1

Data Breach 57

Data Breach Phishing Breach Bots 57

PYMNTS

DECEMBER 21, 2018

.” Microsoft revealed that the flaw was discovered by Google ‘s Threat Analysis Team, and it affects older Internet Explorer browser versions — including Windows 7 and 10, and Windows Server 2012; 2016 and 2019 versions of Explorer 11; Explorer 10 for Windows Server 2012; and Explorer 9 for Windows Server 2008.

Security 71

Security Phishing Consulting Accounts 71

PYMNTS

MARCH 1, 2020

It has also invested in the company as recently as March 2019. Docusign has been doing its part to fight against the practice of phishing , or tricking victims into giving up sensitive login information, using that information to sell on the dark web or to take over the victim’s entire account.

Phishing 52

Phishing Agreements PayPal Acquirers 52

PYMNTS

DECEMBER 20, 2020

SnapAP was founded in January 2019 by Drapeau, and the press release says it now claims over 50,000 users from both the buyer and supplier sides.

Phishing 79

Phishing Software & Service Providers Automation Accounts 79

PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Deep Dive: Why Fraudsters See Value in Phishing.

Phishing 51

Phishing Scams Addressing Social Security 51

PYMNTS

MARCH 20, 2020

Phishing attempts surged 640 percent last year alone, with hackers placing malicious URLs on domains such as Apple, Dropbox, Facebook, Google, Microsoft and PayPal, according to a recent report. The Latest Fraud Decisioning Developments. Fraudsters appear to be finding success in new versions of the age-old heists.

Fraud Prevention 90

Fraud Prevention Account Takeovers Phishing AI 90

FICO

JUNE 21, 2021

After achieving the largest single reduction of any European country in 2019, the banks of the UK have repeated this, with the best net reductions of the 18 countries in this report for the second year running. Norway Sees Massive Rise from Phishing Attacks. Source: FICO European Fraud Map.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52

PYMNTS

OCTOBER 14, 2020

billion spent in Q2 2019,” the Tracker states , “driven both by increased online shopping and the growing adoption of contactless payment methods among touch-wary customers shopping in stores.”. According to the October Next-Gen Debit Tracker® , “One recent study found that the number of active phishing sites in the U.S.

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Other bad actors rely on phishing, in which potential victims receive links that direct them to fake login pages and ask them to input their account details.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. billion in 2019, a 15 percent increase over 2018. Fraudsters are teaming up to rip off FIs, forming elaborate rings that work cooperatively on account takeovers and phishing attempts.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

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 96

MFA Risk Security API 96

PYMNTS

JUNE 25, 2020

Long pled guilty in November of 2019 to a scheme where he committed wire fraud and aggravated identity theft. The charges dated back to 2013, when Long created and deposited checks from the checking accounts of over 375,000 victims, saying that the victims’ banks had authorized the fund transfers.

Identity Theft 66

Identity Theft Checks Payee Phishing 66

PYMNTS

JANUARY 27, 2020

In Q4 2019, 104 percent more ransomware payouts were made than in Q3 , with the average payment during Q4 hitting $84,116, according to Coveware’s Q4 Ransomware Marketplace Report. million, thanks to a phishing scam. million , following a December 2019 cyberattack that has stalled government payments to suppliers.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

SEPTEMBER 24, 2019

Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept. Criminals will get this info through hacking or by social engineering and phishing. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. One of the biggest problems, Blanco said, is account takeover. .

Fincen 71

Fincen Account Takeovers Identity Theft Financial Crimes 71

PYMNTS

FEBRUARY 14, 2020

One recent report found 93 percent of all mobile transaction attempts were fraudulent in 2019, for example, as consumers’ migration to online and mobile payments continue. Australia reported a 5 percent drop in online fraud from 2018 to 2019, for example, with losses decreasing from the $479 million reported for 2017 to 2018 to $455 million.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

PYMNTS

MAY 21, 2020

Artificial intelligence (AI) and machine learning (ML) can analyze the thousands of transactions banks process each day in real time, and employee education efforts are proving effective in preventing deception via phishing emails or other social engineering techniques. The identity theft rate in 2019 was 46.4 This accounted for 20.3

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

MARCH 25, 2020

Casualties of these breaches in the first half of 2019 alone include 4.1 billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method. billion last year.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

PYMNTS

JUNE 4, 2020

Emsisoft’s latest data states there were 89 universities, colleges and other school districts impacted by ransomware in 2019, with possibly up to 1,233 individual schools affected in total, Cointelegraph reported. He told Cointelgraph that these kinds of attacks are costly and enormously disruptive.

Bitcoin 61

Bitcoin Ransomware Scams Phishing 61

PYMNTS

AUGUST 5, 2019

76 percent: Amount by which phishing attacks increased between 2018 and 2019. million: What VertoFX raised in its seed funding round. 51,000: Number of restaurants connected by the OpenTable platform. 75 percent: Share of businesses that still make or receive check payments.

On-Demand 46

On-Demand Innovation Phishing Checks 46

PYMNTS

OCTOBER 7, 2020

The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist. The Dark Web Likes Bitcoin, Too .

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93