The Payments Association

JANUARY 13, 2025

Addressing these vulnerabilities demands collaboration across financial institutions, digital platforms, and regulators. Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

The Fintech Times

APRIL 11, 2024

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

The Fintech Times

FEBRUARY 3, 2025

The report highlights a 76 per cent surge in phishing attempts and a 42 per cent increase in fake IDs and suspicious biometric transaction detections, signaling a shift towards more sophisticated fraud methods. Identity fraud rates reached 2.1 Account takeover scams saw a dramatic increase of 250 per cent last year.

Deepfake 81

Deepfake Account Takeovers Identity Theft Verification 81

The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 In an effort to address concerns, Acronis is offering training and certification programmes through its MSP Academy for those interested in enhancing their cybersecurity skills and knowledge. The post 91.1%

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

MARCH 2, 2020

Barbara Corcoran, a judge on the popular TV show “ Shark Tank ,” said she is “thrilled” about getting back almost $400,000 that she lost during a phishing email scam, according to reports. Corcoran said a scammer with an email address that was very similar to her assistant’s tricked her bookkeeper to wire $388,700 for a supposed renovation.

Phishing 60

Phishing Scams Wire Wires 60

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. The campaign is targeting businesses across the U.S.,

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 107

Scams Phishing Deepfake Verification 107

PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Last year, small business accounting company MYOB had its name used by phishing scammers who targeted small businesses. While there are several versions of the email, they all include the Square logo, according to reports.

Phishing 51

Phishing Scams Business Email Compromise Email Compromise 51

VISTA InfoSec

DECEMBER 19, 2024

Regularly patch and update software to address known vulnerabilities. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. This unique approach streamlines the compliance process, reduces redundancies, and saves time and resources by addressing multiple frameworks in a single engagement.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

AUGUST 20, 2020

19) report on news site Information Security stated, in part: “Diachenko first contacted Deep Social using the email address listed on its website to disclose the exposure. The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech. A Wednesday (Aug.

Breach 114

Breach Phishing Database Legal 114

PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet.

Ransomware 123

Ransomware FBI Phishing Treasury 123

Fintech News

DECEMBER 17, 2024

The new offering aims to address the rising fraud risks in digital asset transactions. Revoluts move comes as crypto fraud, including phishing attacks and identity theft, becomes more sophisticated. The platform, tested over a 12-month pilot, reportedly reduced fraud attempts by 50% for participating users.

Transactions 110

Transactions Identity Theft Security Phishing 110

PYMNTS

MAY 5, 2020

Fraudsters are finding increasingly sophisticated ways to beat the system to commit financial fraud, however,” including big spikes in phishing attempts. ” Phishing, Smishing and the Value of Education . “Advances in payments technologies are making consumer transactions more secure,” the report states.

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

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. While it offers immediate relief to victims, it doesn’t address the root cause : stopping fraud at the source.

Scams 88

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

VISTA InfoSec

JANUARY 29, 2024

The prevention, detection, and addressing of malicious software (malware) is ensured. 5.3 Users are protected against phishing attacks through anti-phishing mechanisms. New requirement to identify and safeguard staff from phishing attacks. Malware can infiltrate the network through various business-approved activities.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

CoinRemitter

SEPTEMBER 22, 2023

What is a phishing attack? The cyber phishing attack is intended to trick individuals into submitting/giving up sensitive information (such as private keys, passwords, etc.). Scammers can generate email addresses with fake domains that may look like legitimate organizations.

Phishing 40

Phishing Smishing Credential Scams 40

PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

Email Compromise 96

Email Compromise Compromise Business Email Compromise Phishing 96

The Fintech Times

FEBRUARY 17, 2025

This split isn’t merely about numbers; it reflects deeper strategic dilemmas banks face as they address the pressures of securing a return on their AI investments. And we can’t ignore the darker aspects of AI, especially its role in sophisticated online scams, including romance scams and phishing. Happy reading!

FinTech 59

FinTech Romance Scams Scams AI 59

PYMNTS

AUGUST 24, 2018

Phishing still grabs victims by the wallet, and Barclays warns against social engineering. It is called phishing and lures the unwitting corporate executive or owner into giving away sensitive data or sending money to the fraudster. Business can bring people together who never see each other face to face.

Phishing 40

Phishing NACHA Checks Facilitators 40

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. When a threat is detected, AI can isolate affected systems, block malicious IP addresses, and prevent the spread of malware. Addressing these challenges is essential for maximising the benefits of AI.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

Fintech News

NOVEMBER 12, 2024

Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong addressed the safety of digital banking services for minors under 16 in a written parliamentary reply. This framework ensures banks compensate scam victims if institutional responsibilities are breached.

Accounts 106

Accounts Financial Literacy Transaction Limits Scams 106

PYMNTS

JUNE 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

Phishing 43

Phishing Scams Regulations Rules 43

PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. com” flagged. .

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

The Paypers

JUNE 22, 2016

(The Paypers) MarkMonitor has announced a partnership with CYREN to boost fraud detection capabilities by increasing visibility into phishing and other malicious attacks.

Phishing 28

Phishing Addressing Fraud Detection 28

PYMNTS

FEBRUARY 29, 2016

Spiegel confirmed he had never sent such a request and that whoever did was spoofing his email address. ” Phishing has become an endemic problem in enterprise data security, as hacking people is often easier than hacking sophisticated tech. It impacted our employees, and we are obviously very sorry that it happened.

Phishing 41

Phishing Scams Social Security Payroll 41

VISTA InfoSec

DECEMBER 19, 2024

Regularly patch and update software to address known vulnerabilities. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. This unique approach streamlines the compliance process, reduces redundancies, and saves time and resources by addressing multiple frameworks in a single engagement.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

VISTA InfoSec

OCTOBER 21, 2024

2) Hierarchical Deterministic (HD) Wallets HD wallets protect your coins by generating a new public address for each transaction. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

PYMNTS

MARCH 12, 2020

The email was changed so that it looked like it was sent from “CDC-Health-INFO,” and came from the email address of a diplomat from the United States. “I think a lot of these groups have identified coronavirus as something their targets would be desperate for information on.”.

Phishing 53

Phishing Returns Scams Cybersecurity 53

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

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

AUGUST 24, 2018

The social engineering gambit is, of course, known as phishing, and lures the unwitting into giving away sensitive data or sending money to the fraudster. Invoices must be checked carefully, as should email addresses — and, of course, steady contact with suppliers is helpful. In an individual example of corporate fraud, in the U.K.,

Phishing 41

Phishing Cybersecurity Payments NACHA 41

PYMNTS

MARCH 29, 2019

The Daily Mail reported that personal information from 982 million email accounts included names, gender, dates of birth, employers and even home addresses in the database. The company offered an “enterprise email validation” service for marketing companies to check whether email addresses were valid or not. Verifications.io

Database 74

Database Accounts Breach Phishing 74

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 114

APACS Data Breach FinTech Fraud Prevention 114

PYMNTS

JULY 2, 2020

Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late. based consumer suddenly shopping from a Zimbabwe-based IP address. He added that fraudsters have been showing up across the board in terms of fraud types attempted. Sevounts said Kount has also recently noticed an uptick in “card-testing fraud.”

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112