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

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. Phishing attempts increased approximately 65 percent in 2019, and cost businesses more than $12 billion in stolen funds, victim payouts and opportunity costs. million per breach.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

APRIL 14, 2019

In a statement to reporters, Microsoft said: “We addressed this scheme, which affected a limited subset of consumer accounts, by disabling the compromised credentials and blocking the perpetrators’ access.”. It also appears the bad guys didn’t access login credentials including passwords.

Breach 68

Breach Accounts Credential Compromise 68

The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 A ransomware group known as ALPHV, which was targeted by the FBI in December 2023, breached over 1,000 entities, demanded over $500million, and received over $300million in ransom payments. The post 91.1%

Phishing 72

Phishing AI MSPS Ransomware 72

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?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

The Fintech Times

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

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 97

Ransomware Authorization Phishing Cybersecurity 97

PYMNTS

JULY 24, 2020

Instead, Instacart said hackers used credential stuffing, a practice in which usernames and passwords stolen from other sites are used to hack into other accounts. “It We are not aware of any data breach at this time,” an Instacart spokesperson said. “We We take data protection and privacy very seriously.

Accounts 75

Accounts Compromise Data Breach Phishing 75

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

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. According to Palmore, that initial breach eventually led the exposure of more than 500 million user accounts.

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FBI Breach Identity Theft Data Breach 46

PYMNTS

MAY 2, 2016

According to security researchers from PhishLabs , Google Play has a bit of a phishing problem. “These attacks combine traditional, browser-based phishing attacks with the mobile platform in order to create convincing mobile applications,” according to security analyst Joshua Shilko, who works at PhishLabs.

Phishing 41

Phishing Credential Research End User 41

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 121

Deepfake APACS Scams Authentication 121

PYMNTS

DECEMBER 22, 2016

In a data roundup by the publication of the latest analysis of corporate cybersecurity, researchers identified where a security breach is most likely to occur. Meanwhile, 20 percent cited a lost device for the cause of a breach. Meanwhile, 20 percent cited a lost device for the cause of a breach.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

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.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

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

Fintech Finance

NOVEMBER 6, 2024

Despite the popularity of passwords and OTPs, these traditional verification methods are increasingly vulnerable to online scams like phishing or being intercepted by fraudsters via screen mirroring.

Visa 98

Visa APACS Transactions Authentication 98

VISTA InfoSec

NOVEMBER 7, 2023

This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

FEBRUARY 8, 2019

IBM data said the average cost of a data breach is $3.86 Plus, professionals will often use paper or spreadsheets to keep track of those login credentials. The reliance on passwords means those credentials become more of a security liability than protector, as cyberattackers attempt to infiltrate enterprise systems.

Phishing 66

Phishing Payment APIs and Integration Credential MFA 66

PYMNTS

JULY 19, 2020

. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach. Phishing attacks have surged in the midst of the pandemic, PYMNTS reported. Orange apologizes for the inconvenience caused,” the company said, according to teiss.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Data breaches, botnet attacks and other forms of external threats are well-known to digital-first banks. Why Digital-First Banks Require Different Defenses For Varied Fraud Threats.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Banks must therefore deploy fraud defense systems that leverage multiple security measures to make sure fraudsters who breach one layer will be stopped by the next, Gould explained. Multistage Fraud Defense.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

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.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

JANUARY 28, 2020

If they’re not grabbing stolen credentials off the Dark Web then they’re neck-deep in buyer-seller collusion, or the long con of keeping fake accounts in good standing … just enough to drain them and abscond. Try wrapping your mind around the price tag of the average corporate data breach at $3.92 million per incident.

Data Breach 57

Data Breach Phishing Breach Bots 57

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

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishers targeting DocuSign are typically after users’ credentials, such as usernames, passwords and other identifying information, according to Heath. Phishing attacks often take one of two forms, Heath explained. Tracking Phishers’ Angles.

Phishing 52

Phishing Credential Best Practices Data Breach 52

PYMNTS

NOVEMBER 14, 2019

At a high level, Seshadri told Webster, successful breaches show some common themes. Many hackers are taking advantage of poor identity management and access protocols — meaning hackers need only steal the credentials of a single employee to gain access to critical administrative functions. People make mistakes.

AI 84

AI Transactions Phishing Cybersecurity 84

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . The following Deep Dive examines how fraudsters’ schemes target gamers as well as how data breaches enable bad actors to commit account takeover (ATO) fraud.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

AUGUST 14, 2017

Researchers at FireEye, the security firm, said in a research report covered by Reuters that the Kremlin hackers were aiming to steal the password credentials for business travelers and Western government officials using Wi-Fi networks in hotels mainly in eight countries in Europe. Benjamin Read, manager of cyber espionage analysis for U.S.-based

Cybersecurity 66

Cybersecurity Phishing Governance Government 66

PYMNTS

JULY 1, 2019

It’s open season for hacks on mobile order-ahead apps as data breaches continue to make headlines regularly and cybercriminals purchase stolen identities on darknet marketplaces. Chipotle denied any breach of its databases or systems. Such details can also be acquired via phishing schemes. Scamming, the Old-fashioned Way.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

Braintree

AUGUST 26, 2019

It is effective against various forms of phishing attacks, where malicious actors trick users into giving them login credentials. These threats are becoming increasingly sophisticated and are one of the most common causes of security breaches. Cyber Security Breaches Study 2019 , GOV.UK, April 2019.

Authentication 52

Authentication Phishing Account Takeovers Breach 52

PYMNTS

FEBRUARY 28, 2020

“The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

OCTOBER 30, 2017

And, Krebs noted, though Equifax is getting a lot attention and concern given its size and scope, the fraud problem extends far beyond just the recent big breach. The goal of account takeover is short-term: You get the credentials, load up the card with charges before the alarm bells go off and then burn the card when you’re done.

Identity Theft 69

Identity Theft FTC Account Takeovers Phishing 69

PYMNTS

JUNE 13, 2019

As this month’s PYMNTS Digital Fraud Tracker highlighted, Amazon revealed in May that it was hit by an “extensive” fraud in which hackers are suspected of using phishing attacks on Amazon sellers to steal company money. Reports in Bloomberg , citing a U.K. Reports in Bloomberg , citing a U.K.

B2B 55

B2B Phishing Cybersecurity Data Breach 55

PYMNTS

SEPTEMBER 21, 2018

The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. With those credentials in hand, the cybercriminal can access payroll accounts and subsequently change bank account information. Across The Pond.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

DECEMBER 15, 2019

“The threat actors compromised the merchant via a phishing email sent to an employee. The actors then conducted reconnaissance of the corporate network, and obtained and utilized credentials to move laterally into the POS environment. The second attack identified a different breach of access inside the fuel dispenser system.

CHIPS 63

CHIPS Phishing Credit Cards Credential 63