Fi911

JANUARY 18, 2024

They demonstrate the diverse methods and strategies employed by fraudsters to exploit individuals and financial institutions for their own gain: Identity Theft A criminal steals an individual’s personal information, such as Social Security number, bank account details, or credit card information, and uses it to impersonate the victim.

Account Takeovers 93

Account Takeovers MFA Fraud Detection Credit Cards 93

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

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

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed.

FTC 69

FTC Federal Trade Commission Scams Direct Deposit 69

Innovative Payments Association

JUNE 26, 2024

She noticed a suspicious fake email addressed from a friend asking for money, which led her to check her bank statement online. Be Aware of the Different Types of Scams Phishing Scams: Seniors may receive emails or phone calls pretending to be from their bank, asking for sensitive information like passwords or social security numbers.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

SEPTEMBER 18, 2017

The stolen data included Social Security numbers, birth dates and other personal information. 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.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

VISTA InfoSec

JUNE 21, 2023

Communicate clearly A data breach can expose people’s personal, financial, and health information, and in some cases, social security numbers can be taken too. Also, adopt advanced encryption and firewalls, impose more controlled access to systems, and liaise with legal teams where needed to ensure all areas of concern are addressed.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. Regularly test and assess network vulnerabilities to identify and address any weaknesses.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

AUGUST 13, 2019

As a Federal Communications Commission cybersecurity planning guide recently noted, payroll systems often include among the most sensitive of data including employee bank account details, company bank account details, Social Security Numbers and more. Not every employee needs to access all of your information,” the FCC’s guide warns.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

PYMNTS

JULY 15, 2020

They also note a recent spike in COVID-19-related phishing attempts.”. Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. Telehealth Forces The Digital KYP Issue.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

MAY 17, 2017

DocuSign, a provider of electronic signature technology, confirmed Tuesday (May 16) that a series of malware phishing attacks targeting its customers was the result of a data breach at the company. According to a report in KrebsOnSecurity , the San Francisco–based company said the data that was stolen was only user email addresses.

Breach 40

Breach Data Breach Phishing Social Security 40

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.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

JUNE 27, 2016

prosecutors believe Locsin used websites, phone calls and other online means to illegally access the accounts and attempt to conduct wire transfers, purchase merchandise, change addresses and even add new cardholders. 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

PYMNTS

MARCH 26, 2020

Fraudsters weaponize automated bots to skim data from Axos and other financial institutions (FIs), stealing customer data such as Social Security numbers, credit card data and home addresses. “As Hostile bots’ threats are very real, however. he said. “[But Simple techniques like that don’t scale for a digital bank like us.”. “If

Bots 56

Bots Ransomware Blocks Credential 56

Segpay

JUNE 13, 2024

The same is true for cyber criminals who are always looking for new strategies to exploit our system vulnerabilities through: Phishing attacks Malware Distributed denial-of-service (DDoS) attacks A cyber attack on financial institutions is usually catastrophic, with the IMF quoting that companies lose over $100 billion a year. Stay informed.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

SEPTEMBER 27, 2017

Experts agree: those who wish to donate should do their own research and type the charity’s web address into the URL field themselves. This site and others are often designed to look exactly the same as the official site and/or to exploit common typos of the correct web address, Edelman said. The web address ends in “.com.”

Scams 52

Scams Phishing Non-Bank Addressing 52

EBizCharge

OCTOBER 17, 2023

government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. Unauthorized payment: Unauthorized payments occur when funds are withdrawn from an account without the account holder’s permission or authorization , such as phishing scams and fraud.

ACH 52

ACH Returns RDFI ODFI 52

PYMNTS

OCTOBER 11, 2017

Account takeover happens when cardholder data is accidentally given to fraudsters, either through a breach or through a tricking mechanism like email phishing, spyware or malware. Or, they may burrow into existing accounts and change the shipping address using account passwords discovered during the initial hack.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

PYMNTS

JANUARY 24, 2017

Of all records exposed across all industries, 72 percent were uncovered across hacking, phishing and skimming efforts. Social Security numbers were exposed in more than half of all breaches last year. Looking at record exposure, 3,182 credit card and debit card records were exposed in financial services, compared to more than 3.6

Data Breach 44

Data Breach Breach Identity Theft Phishing 44