PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Implementing 2FA adds an extra layer of security to a POS system by requiring users to prove their credentials through other means such as one-time passwords on other devices or through biometrics.

PCI DSS 245

PCI DSS Security Compromise Best Practices 245

PYMNTS

MAY 28, 2020

Google’s security experts had their hands full in April, as its Threat Analysis Group ( TAG ) emailed 1,755 warnings to users whose accounts were targets, the California-based global technology company wrote on its blog Thursday (May 27). Google said it provides the strongest protections available against phishing and account hijackings.

Phishing 70

Phishing Law Enforcement Scams Credential 70

Seon

JANUARY 29, 2024

Having trouble protecting your user accounts? In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. Phishing attempts increased approximately 65 percent in 2019, and cost businesses more than $12 billion in stolen funds, victim payouts and opportunity costs. More than 4.1 percent in 2019 to $3.92

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Phishing Data Breach Breach Scams 64

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 108

Verification Scams Financial Crimes Phishing 108

PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. Verizon has estimated that 30 percent of phishing messages are opened by their intended targets.

Phishing 79

Phishing Scams IRS Request for Information 79

PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Clicking on the link directs users to a page that looks like the authentic Microsoft Office 365 login web page and tries to pilfer the recipient’s corporate credentials. n (CDC) logos.

Phishing 63

Phishing Scams IRS Law Enforcement 63

PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. Instacart advised customers to select unique, strong passwords for their accounts that they do not use on any other apps or websites as an extra precaution.

Accounts 75

Accounts Compromise Data Breach Phishing 75

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Fraudsters exploit vulnerabilities in online payment systems and often use stolen credit card information or create fake accounts to make unauthorized purchases. How Big of a Problem is eCommerce Fraud?

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

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. It also appears the bad guys didn’t access login credentials including passwords. Microsoft said affected users should change their passwords.

Breach 68

Breach Accounts Credential Compromise 68

Fintech News

AUGUST 19, 2024

Scammers, posing as technical support from companies like Microsoft or Apple, would then manipulate victims into providing remote access to their devices, leading to unauthorised transactions from their bank accounts. The criminal proceeds generated by this tech-support scam were laundered through Hong Kong.

Scams 114

Scams Money Laundering Cross-Border Phishing 114

The Fintech Times

SEPTEMBER 21, 2024

This process aims to make it more difficult for scammers to take over a customer’s DT by setting it up on his own device using phished credentials such as an SMS, one-time passwords (OTPs) and/or bank card information. The banking sector in Singapore is also aiming to phase out OTPs for bank account login by DT users.

Verification 72

Verification Scams Financial Crimes Crime 72

PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

Phishing 40

Phishing Scams Small Business Cybersecurity 40

PYMNTS

DECEMBER 17, 2019

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The victim is then offered a choice of logging in through email credentials from providers such as Google, Microsoft and Yahoo. Spoofed phishing site domains are hosted in Turkey and Romania.

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

The Fintech Times

DECEMBER 18, 2023

“A similarly damaging trend is account takeovers (ATOs) where a bad actor gains access and takes over an online account using stolen or hacked credentials. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Once inside, they create new domain accounts and escalate privileges using various tools. Employee education plays a critical role in cybersecurity.

Ransomware 101

Ransomware Authorization Phishing Cybersecurity 101

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The scam involves sending a phishing email claiming to be a Microsoft Office 365 update.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

Fi911

JANUARY 18, 2024

They subsequently gain control over existing accounts, or establish new ones without the victim’s awareness. These accounts frequently pertain to credit cards and serve as a means to make unauthorized purchases A criminal might use stolen personal information to open a bank account, for example.

Account Takeovers 85

Account Takeovers MFA Fraud Detection Credit Cards 85

PYMNTS

MAY 2, 2016

According to security researchers from PhishLabs , Google Play has a bit of a phishing problem. “These attacks combine traditional, browser-based phishing attacks with the mobile platform in order to create convincing mobile applications,” according to security analyst Joshua Shilko, who works at PhishLabs.

Phishing 41

Phishing Credential Research End User 41

Clearly Payments

JULY 16, 2024

In 2023, CNP fraud accounted for 81% of all fraud losses in the retail sector, amounting to over $4.5 According to the Association of Certified Fraud Examiners (ACFE) , financial institutions account for 16.8% In 2023, 83% of financial institutions reported an increase in phishing attacks. of all reported fraud cases.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JULY 24, 2020

There were sellers offering data from what could have been 278,531 accounts, although some may have been duplicates or fake, the report noted. Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. Instacart said that had never happened.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? In reference to payments, a hacker could conceivably change an invoice to help divert funds into different accounts. The phishing campaign targets consumers and also commercial users. billion users.

Phishing 72

Phishing Credential Scams Payments 72

PYMNTS

AUGUST 24, 2020

Reports said the fraudsters have stolen more than 800 sets of credentials in an attempt to commit B2B payment fraud via spear-phishing attacks. million in BEC-related losses hit Canadian businesses in the first half of 2020 , with a total of 951 spear-phishing reports, warns the Canadian Anti-Fraud Centre. .

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). It showed how the scam uses two new tools, Muraena and NecroBrowser, to potentially trick users into sharing their private credentials.

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Scams Credential Security Phishing 58

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Fraudsters who gain access to employees’ login details can cause untold amounts of damage, including emptying corporate bank accounts and exposing terabytes of customers’ personal information to the entire internet. Tracking Phishers’ Angles.

Phishing 52

Phishing Credential Best Practices Data Breach 52

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Forty-seven percent of respondents said the reason they fell for a phishing scam was simply because they were distracted. In a survey of 1,000 U.K.

Law Enforcement 101

Law Enforcement Scams Phishing B2B 101

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI.

Mobile Banking 114

Mobile Banking Online and Mobile Banking Identity Theft Credential 114

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

Phishing 45

Phishing Ransomware EMV CHIPS 45

Fintech News

JANUARY 17, 2024

With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

Deepfake 120

Deepfake APACS Scams Authentication 120

PYMNTS

JUNE 8, 2020

PSD2 was designed with such risks in mind, and its Strong Customer Authentication (SCA) provision — which takes effect in participating countries throughout 2020 and 2021 — compels companies to verify users’ identities with multi-factor authentication (MFA) whenever they attempt to access user accounts or digitally send payments.

Authentication 60

Authentication MFA Phishing Scams 60

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

APRIL 4, 2019

More recently, analysts at Vade Secure issued a warning over an emerging phishing strategy looking to steal corporate funds. In one example of the attack, a fake employee email to human resources (HR) requests a change in direct deposit for wages to be sent into a new bank account.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

The Paypers

MAY 23, 2019

(The Paypers) Hackers have managed to break into the accounts of 100 sellers at Amazon.com , after stealing seller credentials.

Phishing 28

Phishing Credential Accounts 28

Innovative Payments Association

JUNE 26, 2024

Just a few days ago I learned that my mother was the victim of bank account fraud. The phony test transactions were successful and could have led to larger transactions that would have siphoned money out of her account. Lastly, she has taken steps to open new accounts. However, my retired senior citizen mother noticed.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

The Paypers

FEBRUARY 16, 2018

(The Paypers) Coinhoarder, a Ukrainian-based cybercrime gang, has stolen USD 50 million after tricking Bitcoin investors into handing over the login credentials for their online wallets.

Bitcoin 28

Bitcoin Phishing Credential Accounts 28