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)?

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Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

DECEMBER 1, 2016

By eliminating large-scale collection of personal data, John said, he and his team can not only reduce the number of accounts that have been compromised but can also discourage fraudsters from attacking those users in the first place by removing some of the bounties that cybercriminals are after. They’ve gotten everyone on that list.”.

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Blocks Blockchain Compromise Bitcoin 62

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

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Bitcoin Ransomware Compromise FBI 105

PYMNTS

NOVEMBER 1, 2016

Credit score firm FICO said that 2015 went down as the highest-ever tally of compromised machines, although it should be noted that FICO did not disclose actual numbers. Earlier this month, The Wall Street Journal reported that, since the introduction of EMV in the U.S.,

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ATM Scams Blocks EMV 68

The Fintech Times

MAY 9, 2024

With the VAAI Score, our clients now have access to real-time risk scoring that can help detect the likelihood of an enumeration attack so issuers can make more informed decisions on when to block a transaction. ” At Visa, security and reliability are top priorities year-round.

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AI CVV2 Issuers Compromise 111

VISTA InfoSec

JUNE 7, 2024

A ZTNA solution blocks all network traffic by default and allows this traffic to flow only when and where organizational policy permits it. It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed.

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Micro-Entry Data Breach Breach Cybersecurity 162

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Email Compromise Compromise Business Email Compromise Risk 52

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.

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Compromise Scams Debit Card Smishing 98

Fintech News

JANUARY 10, 2024

However, the vulnerabilities of this solution became evident as hackers exploited and compromised the security of banking transactions that led to identity and money theft”. Banks currently manually block transactions in response to potential fraud cases. During this period, SMS OTP was the industry standard and deemed secure.

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AML Money Laundering Authentication Procedures 119

Fintech News

MAY 8, 2024

With the VAAI Score, our clients now have access to real-time risk scoring that can help detect the likelihood of an enumeration attack so issuers can make more informed decisions on when to block a transaction.” said Paul Fabara, Chief Risk and Client Services Officer at Visa. said Michael Jabbara, SVP Global Head of Fraud Services, at Visa.

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Bots AI Issuers Fraud Prevention 110

PYMNTS

FEBRUARY 20, 2019

The cybersecurity company analyzes data from its Global Intelligence Network, which records events from 123 million attack sensors worldwide, and blocks 142 million threats daily and monitors threat activities in more than 157 countries. Symantec said it blocked more than 3.7 million each month.

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Scams Identity Theft Compromise Ransomware 69

Payments Source

SEPTEMBER 20, 2017

Software PIN pads can compromised by crooks that intercept the PIN after it's typed. MagicCube attempts to position itself "in the middle" to block these hacking attempts.

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Compromise Blocks Security Mobile Payments 60

PYMNTS

OCTOBER 27, 2016

. “By replacing possibly compromised cards preemptively, banks and shops can save an amount in the triple-digit million (Danish crowns) range, which they could suffer in losses from trades made with stolen credit card information,” the company said in a statement. Jyske Bank has already said it will block and replace 7,000 cards.

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Data Breach Breach Law Enforcement Compromise 75

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.

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Breach Accounts Credential Compromise 68

FICO

JUNE 11, 2020

While convenient for customers, unattended pumps make it easier for use fraudsters use compromised cardholder information (available in plentiful supply on the Dark Web ) to make fraudulent purchases. . As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

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EMV Compromise Fraud Prevention CHIPS 72

PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million.

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Business Email Compromise Scams Email Compromise Wire Transfer 73

PYMNTS

OCTOBER 20, 2016

Card network providers Visa Inc (V.N), MasterCard Inc (MA.N), and home-grown RuPay have all alerted banks to the possible compromise, A.P. As of now, it is thought the cards may have been tainted by suspected ATM breaches throughout the nation — so far 90 ATMS have come up as compromised.

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Debit Card Breach ATM Compromise 68

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. The study reveals that one in five respondents experienced compromised personal bank accounts through unauthorised access via mobile banking apps.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

FICO

MAY 27, 2021

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. The enforcement activity is then to block access to those web domains, which requires a collaboration between ISPs in order to prevent more victims falling for the scam.

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Scams Law Enforcement Compromise Fraud Prevention 98

PYMNTS

AUGUST 13, 2018

According to the FBI, the bank or payment processor is compromised with malware to access bank customer card information and exploit network access, enabling funds to be taken from ATMs.

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FBI ATM Scams Third Party Vendors 58

PYMNTS

OCTOBER 26, 2016

According to a report by Reuters , the recall could include up to 10,000 of the devices that were compromised. The company said it fixed holes in earlier products, requiring users to change passwords and having telnet access blocked. is gearing up to recall the devices. “Those in the U.S. ”

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Compromise Blocks Security Research 63

Fintech Finance

MAY 7, 2024

“With the VAAI Score, our clients now have access to real-time risk scoring that can help detect the likelihood of an enumeration attack so issuers can make more informed decisions on when to block a transaction. More than a thousand dedicated specialists protect Visa’s network from malware, zero-day attacks and insider threats 24x7x365.

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Accounts AI Issuers Compromise 59

PYMNTS

OCTOBER 23, 2018

In the future, customers will be able to block the access, noted the report. is seen as a data access compromise by a traditional bank and a FinTech. To address those concerns, customers can see the FinTechs that can collect data on JPMorgan’s website and mobile app. CEO Zach Perret said in a telephone interview. .”

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Venmo Compromise Blocks PayPal 64

VISTA InfoSec

FEBRUARY 16, 2024

Validate all user input to block tampering attempts. - If an automated technical solution is installed that continually detects and prevents web-based attacks, it must be actively running and up to date, generate audit logs, and be configured to either block web-based attacks or generate an alert that is immediately investigated.

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PCI DSS Procedures Best Practices Verification 100

The Payments Association

DECEMBER 9, 2024

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.

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Privacy AI Payment Security Security 88

PYMNTS

NOVEMBER 25, 2019

He added that the company now blocks emails from Hong Kong. “We We never got compromised, and never saw the phishing emails,” he said. Ted Cash, general manager of ALP Utilities in Minnesota, revealed that his employees “found a quarantined email in a restricted account” after being contacted by the FBI.

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FBI Phishing Breach Compromise 64

PYMNTS

SEPTEMBER 19, 2018

While Macy’s blocked the profiles that it believes to have been compromised, the retailer is asking customers to “remain vigilant.” However, Macy’s said the accounts don’t include Social Security Numbers or CVV numbers.

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Data Breach Breach Credit Cards Social Security 64

FICO

MAY 24, 2016

The recent spike in ATM compromises and fraud in the US reminds us that something we do all the time — getting cash from a cash machine — can be risky business. Criminals are adept at placing card or cash capture devices and PIN compromise devices in or around ATMs to get quick access to consumer funds. Try wiggling the card reader.

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ATM Scams Compromise Checks 68

PYMNTS

APRIL 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.

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Blocks Encryption Authorization Addressing 43

FICO

AUGUST 16, 2022

Once a customer has used a compromised card reader, the fraudster can download or wirelessly transfer the card details and the video of the PIN being typed, giving them complete access to the account. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch.

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Compromise Romance Scams Push-to-Card ATM 52

PYMNTS

AUGUST 18, 2016

It’s no wonder this trend has emerged, especially with the onslaught of data breaches in recent years that have made compromised payment data more accessible than ever before.

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Blocks Credential Credit Cards Data Breach 42

PYMNTS

DECEMBER 22, 2016

This is largely because IoT devices offer easily accessible bandwidth and CPU at no cost to the attacker, with much less effort to compromise than a modern PC or laptop,” Jose Nazario, director of security research at Fastly, told Forbes.

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Cybersecurity Compromise Bots Enrollments 46

PYMNTS

DECEMBER 30, 2016

2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. These types of platforms can detect fraud faster to reduce financial losses and, in some instances, stop the unauthorized payment through automated transaction blocking.”.

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Checks Email Compromise Security Compromise 58

Exact Payments

JULY 1, 2024

which includes security enhancements such as enforcing “forward secrecy” to prevent the compromise of encryption keys between the server and clients. Even if a server’s key is compromised, past communications remain secure because the session keys cannot be retroactively decrypted. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

MAY 5, 2020

Now, he said, verification stands as a “preliminary step — and it’s a basic building block of trust. Any attempt at verification, at assembling the building blocks of trust, requires timely and accurate data. Dealing With Data Decay.

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Addressing Verification Checks Blocks 77

PYMNTS

OCTOBER 22, 2020

We've always wanted to make [payments] as efficient and quick as possible at the lowest possible price, without compromising the quality,” Fatehpuria said. Addressing these pain points are among GE’s key priorities as it upgrades its FX operations. Treasury is in the middle of upgrading our FX infrastructure,” she said.

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Cross-Border Payments Cross-Border Real Time Payments Treasury 98

PYMNTS

MARCH 12, 2020

Schroeder pointed to the recent adoption by PULSE of the FICO Falcon Platform, to underpin its DebitProtect service with a range of fraud detection and blocking capabilities extended across more than 3,700 debit issuers, including real-time risk scoring. Debit really is — and always has been — about faster payments,” Schroeder told PYMNTS.

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Payroll Issuers Debit Transaction Push-to-Card 61