FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Scams Debit Card Smishing 98

Fintech News

MAY 27, 2024

In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies.

APACS 102

APACS FinTech Data Breach Fraud Prevention 102

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. 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 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

JANUARY 3, 2021

The intruder or intruders did not, T-Mobile stated, have access to “names on the account, physical or email addresses, financial data, credit card information, social security numbers, tax ID, passwords, or PINs.”. “We T-Mobile previously suffered a data breach in March.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. Developers typically release updates to address any new threats they identify, which makes it crucial for organizations to apply these updates promptly.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

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. Hackers were able to gain entry by compromising a customer support agent’s credentials, Microsoft said in the letter.

Breach 68

Breach Accounts Credential Compromise 68

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

PYMNTS

JULY 15, 2020

On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. A tweet from Apple (its first-ever tweet) and another from Bezos were similar to Musk’s, promising to double payments in bitcoin for anyone visiting an address posted.

Accounts 56

Accounts Scams Phishing Bitcoin 56

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Using this knowledge to create and update your procedures to address new threats is essential.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). If that’s not an option, Sethi recommended some guidelines that users can put into effect to protect themselves against 2FA phishing attacks.

Scams 58

Scams Credential Security Phishing 58

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. SEON’s widget, shown here, allows you to enter an email address or phone number to reveal a person’s digital footprint. The answer is security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishing attacks often take one of two forms, Heath explained. The other major type of phishing email tricks users into downloading an attachment that installs malware on their computers. Knowing Is Half The Battle.

Phishing 52

Phishing Credential Best Practices Data Breach 52

The Fintech Times

MAY 15, 2024

In the last year alone, 50 per cent of businesses and 32 per cent of charities have reported cyber breaches or attacks, with phishing remaining the most common type of attack. This lack of transparency means it can be hard to identify and address potential biases or security risks.

Cybersecurity 72

Cybersecurity AI Government Governance 72

PYMNTS

MAY 19, 2020

The compromised server contained website and mobile site API logs, thereby exposing all production server information. The leaked information includes name, mother’s maiden name, date of birth, nationality, gender, username and nicknames, recent purchases, phone number, and email and home addresses.

Identity Theft 93

Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93

The Fintech Times

JUNE 20, 2024

From ransomware attacks and phishing schemes, to account takeovers and distributed denial of service (DDoS) attacks, all these threats can result in serious operational disruptions and loss of customer trust, incurring costly remediation. However, data breaches constitute only one facet of the risks confronting firms.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 110

Deepfake APACS Scams Authentication 110

PYMNTS

SEPTEMBER 21, 2019

In this context, the House Financial Services Committee’s Task Force on Artificial Intelligence met earlier this month to discuss the rising threat of small business cyberattacks, the role of technology in combatting it, and the potential for regulation to address security risks.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. It’s important to look under the hood regularly to ensure vulnerabilities can be discovered and addressed.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

SEPTEMBER 8, 2020

Ma Labs reportedly fell victim to a targeted attack by the operators of REvil ransomware, and the attackers now reportedly have data linked to Ma Labs' developers, employees and clients, including bank information and email addresses. million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

DECEMBER 17, 2019

According to the report, the scheme is complicated for companies as the fake sites’ internet addresses are convincing. Spoofed phishing site domains are hosted in Turkey and Romania. Spoofed phishing site domains are hosted in Turkey and Romania. The campaign is currently dormant.” .

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Fraudsters have already stolen a massive pool of email addresses and other personal details they can use to pose as legitimate customers.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

Business Email Compromise 91

Business Email Compromise Scams Crime Email Compromise 91

PYMNTS

DECEMBER 19, 2019

Robust processes and dual controls within the FI, along with consumer education – especially as phishing attacks become more sophisticated and can spoof CU sites with uncanny accuracy – can keep fraudsters out of the ecosystem. We are able to put strategies in place right now, before the attack becomes a broad compromise,” Lynch said.

Credit Union 53

Credit Union Compromise Credential Bots 53

PYMNTS

NOVEMBER 21, 2018

. “We’re contacting you to let you know that our website inadvertently disclosed your email address due to a technical error,” Amazon wrote in its email to affected customers. “The issue has been fixed. An Amazon spokesperson declined to answer questions about how many users may have been affected.

Phishing 55

Phishing CHIPS NOV Compromise 55

PYMNTS

FEBRUARY 19, 2019

Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand. Around the Digital Fraud World.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. The Methods. The Bangladesh Bank Hack.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

SEPTEMBER 18, 2017

customers may have been compromised. According to the report, given the fact that hackers presumably got Social Security numbers, birthdates and addresses, they can go after those people that have larger bank accounts, more lines of credits and greater assets. The paper, citing Equifax, said the changes would take effect immediately.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

Stax

DECEMBER 20, 2023

Secure transactions ensure you can maintain a trustworthy reputation with past and future customers, as well as reducing the financial losses that come from the fines and legal fees associated with compromising customer data. It’ll compare the billing address provided in the transaction to the billing address on file with the card issuer.

Credit Cards 88

Credit Cards Small Business Process Security 88

PYMNTS

MAY 17, 2017

Many malware attacks spread via phishing emails containing malicious links or attachments. ” As of now, researchers at RSA Security, a part of Dell, are also at a loss as to where the first WannaCry compromise came from in their network, the report said.

Research 40

Research Phishing Cybersecurity Bitcoin 40

PYMNTS

FEBRUARY 20, 2020

The software-as-a-service (SaaS) startup offers a suite of tools to help businesses detect risks — such as phishing, malicious files, link sharing and malware — on social media and digital channels. But for many service providers, achieving one can often mean compromising the other.

Phishing 52

Phishing Cybersecurity Compromise Risk 52

PYMNTS

NOVEMBER 21, 2018

. “We’re contacting you to let you know that our website inadvertently disclosed your email address due to a technical error,” Amazon wrote in its email to affected customers. “The issue has been fixed. An Amazon spokesperson declined to answer CNBC questions about how my users may have been affected.

Phishing 40

Phishing CHIPS NOV Compromise 40

Seon

MAY 23, 2024

Other types of mobile malware attacks facilitated through malicious apps or software vulnerabilities can compromise the integrity of devices, providing attackers with unauthorized access to sensitive information.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

PYMNTS

JUNE 27, 2016

Reuters reported late last week that Peter Locsin, of Talisay City, Philippines, is believed to be behind a cybercrime scheme to compromise the accounts of several well-known individuals at three financial institutions. Attorney for the Central District of California alleges, was behind a phishing scheme between Nov. 2012 and Sept.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40