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FBI Probing Hack Of US Electricity Providers

PYMNTS

The FBI is investigating a hacking campaign that targeted more than a dozen U.S. The FBI has contacted some of the utilities, and provided information so that they can scan their computer networks to see if firewalls have been breached. He added that the company now blocks emails from Hong Kong. “We

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FBI Warns Banks About Widescale ATM Cash-Out Scam

PYMNTS

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

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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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. According to the FBI’s 2020 Internet Crime Report, 2020 alone saw 791,790 complaints of suspected internet crime – an increase of more than 300,000 since 2019. What Is a Business Email Compromise Attack?

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch. But here in the U.S.,

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Business Email Scams Spin Even Wider Webs

PYMNTS

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. “We discovered counterfeit checks and ACH debit fraud on an account that did not have Positive Payee feature or ACH debit block because of the urgency to open account,” one survey respondent recalled.

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Data Dive: Expanding Efforts — Good, Bad And Unpredictable

PYMNTS

If the Federal Bureau of Investigation (FBI) is right, a whole other bad idea is about to be unleashed upon our collective bank accounts. Krebs on Security cited a confidential alert that the FBI sent to banks late last week, saying that millions of dollars can be stolen in only a few hours.

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