PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Blackbaud's data breach isn't unique, per se.

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Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The company commissioned Spiceworks to survey 600 security and IT leaders about their biggest concerns and areas of focus in supply chain cybersecurity. million business email compromise scam.

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Data Breach Third Party Vendors Breach Cybersecurity 55

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.

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Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. last December pegged global spending on cybersecurity by corporates will hit $96.3 Estimates from Gartner, Inc.

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Data Breach Breach Cybersecurity Phishing 49

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

AUGUST 10, 2018

“One is the online reputation, and the other is cybersecurity.” On the other side of this coin is the cybersecurity threats that inevitably come with establishing a digital presence of any kind. On the customer-facing side is the online reputation. Common logic suggests the two are tightly related.” ”

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Cybersecurity Small Business Phishing Email Compromise 40

PYMNTS

MAY 25, 2016

The Business Email Compromise is now a top concern for the enterprise and security providers alike, especially since regulators have released warnings against the crime. One startup wants to safeguard corporate email and has just received new venture capital to move forward with its efforts.

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Email Compromise Security Compromise Data Breach 40

PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

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Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. What cybersecurity threats will impact corporate buyers and suppliers in 2017? In addition, the battlefield is evolving.

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Checks Email Compromise Security Compromise 58

PYMNTS

MARCH 28, 2018

Less obvious, however, is the financial impact of data breaches, content abuse and similar cases. The saga, along with mounting concerns over “ fake news ,” are, in many ways, pushing corporate cybersecurity in a new direction, says Kevin Lee, the trust and safety architect at cybersecurity firm Sift Science.

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Security Data Breach Account Takeovers Breach 44

PYMNTS

NOVEMBER 7, 2017

With the cybersecurity threat constantly looming and, in many instances, growing for corporations, a new report from Kaspersky Lab suggests businesses shouldn’t necessarily rely on their IT departments to safeguard their firms. Further, 42 percent said they are unsure of how to handle a targeted cyberattack and other types of threats.

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Addressing Security Cybersecurity Email Compromise 43

PYMNTS

AUGUST 30, 2017

Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. It wasn’t until the small business owner updated cybersecurity measures that the attack was detected.

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Email Compromise Cybersecurity Small Business Consulting 49

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. Additional Attacks Putting the Enterprise at Risk.

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Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

FEBRUARY 6, 2019

The same can be said for cybersecurity expertise, particularly as corporate finance and accounting departments become larger targets for cyberattacks like the business email compromise or data breaches. “Some of the technology taking place in accounting certainly will affect things,” said Basil.

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Accounts Finance On-Demand Automation 74

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. Analysts say these strategies comprised some 63 percent of the cybersecurity threats that hit SMEs in 2016. FBI Sees Wire Fraud Via Email Grow In 2016.

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Business Email Compromise Phishing ATM FBI 51

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. million, in 2016 alone. What to Do About It.

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Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S. percent of the total 1,093 data breaches hitting U.S.

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Data Security Governance Government Data Breach 54

PYMNTS

JANUARY 23, 2017

Its latest analysis, released in conjunction with the Identity Theft Resource Center, found an all-time-high number of data breaches, with 1,093 incidents recorded in 2016. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

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Risk AFP Identity Theft Email Compromise 43

PYMNTS

MAY 2, 2017

Department of Justice (DoJ) announced plans to charge a man allegedly responsible for a $100 million business email compromise scam. The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

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Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

FEBRUARY 16, 2018

The business email compromise scam saw an increase of 10 percent during those two years. Reports last year from the Association for Financial Professionals found 75 percent of businesses surveyed said they had fallen victim to check fraud in 2017, up from 71 percent in 2015.

Email Compromise 40

Email Compromise Debit Card Credential Scams 40

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not.

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PYMNTS

MAY 3, 2016

According to the cybersecurity firm FireEye, which is probing the bank heist, there has been “activity in other financial services organizations that is likely by the same threat actor behind the cyberattack on Bangladesh Bank.”. It’s bad news for SWIFT but could be worse news for banks.

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Same Day ACH ACH NACHA Faster Payments 43

PYMNTS

MARCH 1, 2017

Security experts are practically begging corporates to get serious with cybersecurity. Google is a vocal player in the fight for enterprise cybersecurity. Spam, Google wrote in a Security Blog post , is certainly the most common cyberattack to hit an email inbox.

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Cybersecurity Phishing Email Compromise Scams 48

PYMNTS

NOVEMBER 6, 2017

To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. percent from Q2 2016 to Q2 2017. But obviously, that was not good enough.”.

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FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. Of course, for retailers, combating fraud is complicated that just beefing up cybersecurity protections. The unauthorized access has been shut off, Sabre said.

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Breach Business Email Compromise Data Breach Cybersecurity 45

CB Insights

JULY 23, 2020

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. Beyond the office: cybersecurity and at-home network security. TABLE OF CONTENTS.

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Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

JUNE 1, 2017

WannaCry meant big bucks for cybersecurity companies. The cybersecurity event that dominated headlines for days last month led to significant share spikes for top cybersecurity companies like FireEye and Sophos. Or, you may just recognize the name because cybersecurity companies are top-of-mind for many professionals lately.

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Cybersecurity Breach Email Compromise Compromise 55