VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

APRIL 3, 2018

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Separate reports by the Associated Press also pointed to an email phishing scam as the likely culprit. The Canadian company noted it has commenced an investigation.

Phishing 51

Phishing Breach Data Breach Scams 51

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

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

VISTA InfoSec

OCTOBER 21, 2024

Turning on this feature helps foil the automated brute force attacks that hackers often employ to breach the accounts of uninformed or tragically insouciant wallet owners. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

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Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

JULY 24, 2020

. “We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

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. The breach happened between January 1, 2019, and March 28, 2019, according to reports. This is the latest breach to impact Microsoft this year.

Breach 68

Breach Accounts Credential Compromise 68

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

VISTA InfoSec

APRIL 3, 2024

Beyond the immediate financial repercussions, a breach can severely damage a company’s reputation and erode the trust it has built with its customers. Simulated phishing attacks and regular security drills are effective ways to make employees more adept at recognizing and responding to potential threats.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

PYMNTS

SEPTEMBER 21, 2019

149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 99

APACS Data Breach FinTech Fraud Prevention 99

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 For the eighth year in a row, hacking, skimming, and phishing were the main drivers of data breaches, representing 55.5

Data Breach 40

Data Breach Breach Identity Theft Phishing 40

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Reducing the amount of unnecessary data collected can lessen the impact of a data breach and decrease the resources needed for data protection.

Ransomware 78

Ransomware Authorization Phishing Cybersecurity 78

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

NOVEMBER 25, 2019

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. The hackers sent phishing emails to the utilities’ employees in an attempt to get malware — dubbed “Lookback” — installed on computers.

FBI 64

FBI Phishing Breach Compromise 64

PYMNTS

JANUARY 3, 2021

Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers. T-Mobile previously suffered a data breach in March.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach. .

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

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. And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

JANUARY 26, 2021

The former involves hackers attempting to breach banks’ systems using their own malicious code or stolen data, often occurring when bad actors pounce on recently discovered security flaws before software developers can fix them with patches. If any of them fail a phishing test, they have to go through the training again.

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Phishing Breach Fraud Detection Origination 70

PYMNTS

SEPTEMBER 18, 2017

In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. These moves come after the company disclosed a major data breach in which 143 million U.S.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 107

Deepfake APACS Scams Authentication 107

Payments Source

MAY 5, 2016

Fueled in part by an increase in phishing attacks with malware attachments in the past year, fraudsters took only minutes to compromise a network in 93% of breach incidents, according to Verizon's 2016 data breach investigations report.

Data Breach 61

Data Breach Phishing Breach Compromise 61

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The Importance of Security Awareness Training The fact that so many data breaches occur due to human error highlights the importance of security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

JANUARY 27, 2017

Eric Chiu, cofounder and president of HyTrust , joined this week’s Hacker Tracker to share insights on the SEC examining the Yahoo breaches, why a selfie app may cause more harm than good and how the U.S. Yahoo disclosed a breach of 500 million users’ data in Sept. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JUNE 28, 2016

As ZDNet reported , the company posted on its website that the sample of records it saw were “real and current,” but maintains that it was not hacked and that the data may have been stolen via phishing. It was reported that the login credentials of more than 32 million Twitter users were compromised.

Data Breach 40

Data Breach Breach Credential Phishing 40

The Fintech Times

JUNE 20, 2024

The severity of the challenge is demonstrated in IBM ’s Cost of a Data Breach Report 2023 , which ranks data breaches in the financial sector as second only to the healthcare industry in terms of costs. However, data breaches constitute only one facet of the risks confronting firms.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

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

APRIL 4, 2019

As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR). More recently, analysts at Vade Secure issued a warning over an emerging phishing strategy looking to steal corporate funds. New Attacks Emerge.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

Fintech Finance

NOVEMBER 6, 2024

Tighter Security: By offering biometric authentication, payment passkeys eliminate the risk of passwords being stolen or compromised, protecting shoppers from fraud and scams. More Sales: Merchants reduce cases of cart abandonment as they make customer transactions faster, easier and more reliable.

Visa 72

Visa APACS Transactions Authentication 72

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. For online transactions, a secure connection is critical, and the SSL/TLS protocol helps ensure transactions are protected from cyber attacks and data breaches.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JUNE 29, 2020

Open banking comes with security risks, however, as a hacker that manages to breach an open banking API can hijack all of the apps that harness this interface to gather data. The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems.

MFA 96

MFA Risk Security API 96

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. The group advised businesses of all sizes on ways to defend themselves against phishing schemes, malware attacks and other intrusions.

Governance 85

Governance Government Security Cybersecurity 85

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishing attacks often take one of two forms, Heath explained. The other major type of phishing email tricks users into downloading an attachment that installs malware on their computers. Knowing Is Half The Battle.

Phishing 52

Phishing Credential Best Practices Data Breach 52

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Take Marriott , which is still dealing with the fallout of a breach that left the data of 500 million rewards customers exposed. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches. Cisco also found that GDPR compliant businesses were less likely to suffer a financial loss as a result of a data breach.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. As people become more reliant on digital platforms for everything from commerce to communication, the potential for cyberattacks will only escalate.

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Cybersecurity Audit Best Practices Mitigation 130