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

AUGUST 1, 2019

The British company knew of the data breach around November 2018, but only now went public with the details, a person familiar with the matter told WSJ. The cyberattack was reported to Pearson by the FBI in March. The data breach mostly affected students in the U.S., The data breach mostly affected students in the U.S.,

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Breach Data Breach FBI Settlement 43

PYMNTS

NOVEMBER 7, 2019

At least 12 Capital One cybersecurity employees have exited since the breach due to security issues left hanging by Johnson and other executives, sources told the WSJ. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

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Data Breach Breach Security FBI 40

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Over 40 million credit and debit card accounts compromised.

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Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

MARCH 7, 2019

Marriott International Chief Executive Arne Sorenson appeared before a Senate subcommittee Thursday (March 7) to discuss the data breach of the Starwood Hotels reservation system, saying he doesn’t know if China was behind it. It disclosed the breach publicly at the end of November.

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FBI Data Breach Breach Shutdown 52

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . James was instrumental in the settlement with Equifax over a breach that affected 147 million consumers. The FBI has arrested a Seattle area woman, Paige A.

Data Breach 43

Data Breach Breach Law Enforcement Social Security 43

PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

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Data Breach FBI Breach Social Security 43

PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

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Data Breach FBI Breach Social Security 40

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. When an aggressive group like this gets an ‘open sesame’ to many desirable systems, they are going to use it widely.”.

Governance 85

Governance Government Security Cybersecurity 85

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The alleged hacker, Paige Thompson, was a former employee of Amazon Web Services, which hosted the Capital One database that was breached. “We About five years ago, the company started moving its data to the cloud.

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Caps Security Cybersecurity Breach 67

PYMNTS

JANUARY 31, 2020

The first arrests for the crime were announced just this week, with Interpol saying it arrested three Indonesian individuals who reportedly breached hundreds of eCommerce shopping sites. The FBI says it has been monitoring eSkimming for almost seven years. s Ticketmaster site in June 2018. s Ticketmaster site in June 2018.

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FBI Crime Cybersecurity Data Breach 52

PYMNTS

JULY 29, 2019

The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A. Based on the company’s current analysis, the breach impacted about 100 million individuals in the United States and around 6 million in Canada. Thompson, on a charge of computer fraud and abuse.

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Credit Cards Caps FBI Social Security 46

PYMNTS

JULY 31, 2019

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On The data breach affected more than 100 million people, and the alleged perpetrator was quickly arrested. . Reuters reported.

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Data Breach Breach FBI Database 46

PYMNTS

AUGUST 14, 2018

“A complaint has been filed with Pune police about the malware attack, and the bank is doing internal audits to investigate the breach,” the official said. The hack comes as the FBI in the U.S. The fraud was carried out on Aug. 11 and Aug. 12 via 25 ATMs that were located in Canada, Hong Kong and India.

Debit Card 40

Debit Card FBI ATM Card Issuer 40

PYMNTS

JANUARY 31, 2018

We have been working closely with the FBI, cybersecurity experts and payment card brands to contain the incident and protect our customers’ payment cards,” National Stores Chief Executive Officer Michael Fallas said an announcement last Monday (Jan. 11 may be involved in the breach.

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Point-of-Sale (POS) Payments Data Cybersecurity Breach 55

PYMNTS

SEPTEMBER 20, 2017

New York isn’t the only state to respond to the Equifax breach , which compromised the personal data of about 143 million consumers. Attorney’s office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information.

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Cybersecurity Breach Rules Data Breach 40

PYMNTS

SEPTEMBER 17, 2018

In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam. Over the last 10 to 15 years, the CIS has gathered data about the controls that would significantly reduce the likelihood of a data breach, if implemented. ” The Larger Trends. “We

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Business Email Compromise Email Compromise Scams Compromise 61

PYMNTS

OCTOBER 14, 2016

The new group, called Odinaff, is believed to be compromised of 10–20 organizations armed with malware that can hide fraudulent transfer requests in the SWIFT system. The emergence of new possible instances of compromise is not entirely surprising given that banks should now be undertaking rigorous reviews of their environments.

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SWIFT Compromise Cybersecurity Data Breach 75

PYMNTS

JANUARY 12, 2017

million ESEA users was compromised. Since the initial point of contact, ESEA said it had talked with the hackers via emails, sought legal counsel, alerted users and notified the FBI. According to the stolen database tracker LeakedSource , the information of nearly 1.5

Ransomware 40

Ransomware FBI Database Compromise 40

PYMNTS

JUNE 26, 2018

High-profile data breaches and attacks have catapulted cybersecurity to the top of executives’ priority lists, and investments in cybersecurity solutions are soaring: The 2018 Harvey Nash/KPMG CIO Survey found businesses surveyed spend a combined $46 billion on cybersecurity every year. ”

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Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

AUGUST 20, 2018

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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FBI Zelle ATM Credit Cards 40

PYMNTS

JULY 12, 2017

But this one is unique because, at least at first, it was believed that consumer biometric data may have been compromised. The company published a data incident notification at the end of last week, letting customers know about the breach. The company is working with forensics investigators and the FBI. On July 4, U.S.

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Risk Encryption Credit Cards Breach 42

PYMNTS

JANUARY 31, 2017

From baby monitors to smartphones and beyond, there’s virtually nothing that can’t be breached and/or compromised. Name any connected device or object, and there’s a chance it will be hacked.

Ransomware 45

Ransomware FBI Bitcoin Compromise 45

PYMNTS

AUGUST 20, 2018

And, if the Federal Bureau of Investigation (FBI) is right – a whole other bad new idea is about to be unleashed up our collective bank accounts. According to a Krebs on Security report, citing a confidential alert the FBI sent to banks late last week, millions of dollars can be stolen in only a few hours.

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FBI Zelle Credit Cards ATM 40

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam.

Cybersecurity 40

Cybersecurity Assessments Data Breach Breach 40

PYMNTS

MAY 12, 2017

This consumer concern translates to a decrease in confidence in large organizations—which is then exacerbated by data breaches and other security events. FBI Sees Wire Fraud Via Email Grow In 2016. told Reuters that the FBI report covered just 20 percent of the total and that the losses could be double.

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Business Email Compromise Phishing ATM FBI 51

PYMNTS

DECEMBER 18, 2019

The company, as well as its sister QSR Bruegger’s Bagels, fell victim to a data breach in its point-of-sale (POS) system a year ago that compromised payment information collected at 265 of its store locations. Obviously it’s something that no company wants to deal with, but the most frequent guests weren’t affected by it,” she said.

Innovation 52

Innovation Point-of-Sale (POS) Data Breach Breach 52

PYMNTS

NOVEMBER 13, 2020

billion to business email compromise (BEC) scams last year, for example, and global businesses losing approximately $26 billion between June 2016 and July 2019. Fraud scams targeting these wire transfers have long been an issue, with U.S. companies losing roughly $1.77

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Cross-Border Wire Transfer B2B Cross-Border Payments 64

PYMNTS

APRIL 11, 2016

Cybercriminals are making bank from wire transfer scams conducted through email — the FBI estimates more than $2.3 The growth in compromised ATM incidences continued unabated through the past year, FICO noted late last week, with the total number of ATMs being hit rising as much as 546 percent year over year. billion since 2013.

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ATM Wire Transfer Scams CFPB 40

PYMNTS

MAY 16, 2016

The research , which was led by BAE Systems security researchers, found various malware tools, among which a file called msoutc.exe containing wipe-out and file deletion functions was found to be the same as the one used in the attack against Sony, which the FBI said was traced back to North Korea.

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SWIFT FBI Research Compromise 40

Seon

JUNE 15, 2023

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?

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

MARCH 22, 2016

This case has also involved the FBI, as that $101 million was stolen from the central bank’s account with the New York Federal Reserve, which was eventually funneled into accounts in the Philippines and Sri Lanka. As a result, the Philippines’ Department of Justice has filed money laundering complaints against the individuals.

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Fed Federal Reserve FRB Money Laundering 40

PYMNTS

OCTOBER 27, 2017

So, fraudsters are busy – and now, post-Equifax breach, they are better armed with consumer information than ever before. The hackers were able to compromise some of the targets, but the government wouldn’t provide information about any specific incidents. The FBI declined to comment. It’s going to be a bumpy ride.

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AI Account Takeovers Payment APIs and Integration Cross-Border 46

PYMNTS

FEBRUARY 10, 2020

and Canada were also compromised. Deputy FBI Director David Bowdich, as quoted by Yahoo Finance , said this is the largest instance of what is termed “state sponsored theft” in history. “In In a single breach, the PLA obtained sensitive personally identifiable information for nearly half of all American citizens,” prosecutors wrote.

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Compromise FBI Cybersecurity Social Security 53

PYMNTS

NOVEMBER 6, 2017

In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. percent from Q2 2016 to Q2 2017.

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FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better.

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Ransomware Data Breach FBI Breach 43

CB Insights

JULY 23, 2020

For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts. ” Instances of intrusion were so frequent that the FBI issued a warning about the phenomenon. This became known as “Zoombombing.”

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101