The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. It explains that there is a lack of strong security solutions which would help detect the exploitation of zero-day vulnerabilities.

Phishing 70

Phishing AI MSPS Ransomware 70

PYMNTS

DECEMBER 26, 2018

founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” ” .

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

PYMNTS

JUNE 26, 2018

Cybersecurity is no longer an afterthought for today’s enterprise. Spend is still going up, too, as KPMG ‘s report found a 23 percent increase in the number of professionals prioritizing cybersecurity investments this year compared to last. The tactic relies on employee ignorance, not on system weaknesses, to find success.

Cybersecurity 43

Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

OCTOBER 29, 2020

The FBI , Cybersecurity and Infrastructure Security Agency (CISA) and Department of Health and Human Services (HHS) said in a statement that there is “credible information of an increased and imminent cybercrime threat to U.S. Earlier this year, a hacking group tried to breach the World Health Organization (WHO).

Ransomware 56

Ransomware FBI Cybersecurity Credential 56

PYMNTS

DECEMBER 13, 2020

Reuters quoted a Commerce Department spokesman as having stated: "We have asked the Cybersecurity and Infrastructure Security Agency and the FBI to investigate, and we cannot comment further at this time.". SolarWinds didn't say whether the company was associated with the Commerce Department breach, Reuters reported.

Treasury 108

Treasury Request for Comment FBI Governance 108

PYMNTS

SEPTEMBER 20, 2017

The state’s cybersecurity regulation took effect on March 1, requiring financial firms to take measures to protect networks and customer data from hackers and to disclose cyberattacks to state regulators. New York isn’t the only state to respond to the Equifax breach , which compromised the personal data of about 143 million consumers.

Cybersecurity 40

Cybersecurity Breach Rules Data Breach 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. Elevated awareness of phishing scams and cybersecurity threats.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

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 latest attack follows a similar and possibly related assault on another cybersecurity firm less than a week ago , California-based FireEye.

Government 85

Government Governance Security Cybersecurity 85

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. Then, there are events like the Target breach, a security lapse rooted at one of the retailer’s suppliers, that resulted in millions of dollars in costs to the company. ” He took the 2013 Target data breach as an example.

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

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.

FBI 52

FBI Crime Cybersecurity Data Breach 52

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.

Point-of-Sale (POS) 55

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

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.”.

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

FEBRUARY 10, 2020

10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. This is the largest theft of sensitive PII (personally identifiable information) by state-sponsored hackers ever recorded,” said FBI Deputy Director David Bowdich, according to a report.

Breach 53

Breach Data Breach FBI Disputes 53

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.

FBI 52

FBI Data Breach Breach Shutdown 52

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.

Ransomware 43

Ransomware Data Breach FBI Breach 43

PYMNTS

APRIL 30, 2019

Citrix has confirmed that hackers had access to its networks for six months before the breach was discovered, according to reports. While the news outlet asked Citrix how many staff were sent data breach notification letters, a spokesperson did not immediately comment.

FBI 46

FBI Breach Data Breach Social Security 46

PYMNTS

SEPTEMBER 16, 2020

Fraudsters’ attacks on universities’ systems have become more frequent in recent years, revealing just how critical it is for universities to bolster their cybersecurity amid the push to remote learning. Digital onboarding has also created various issues for universities, prompting them to reexamine their cybersecurity protocols.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

MAY 13, 2019

About $680 million in losses was posted by Equifax in its Q1 earnings report related to its data breach , with that figure including estimated losses related to a class action suit and regulatory investigations. Thirty-four percent of cyberattacks analyzed by Verizon stemmed from within an organization. Zero utilities in the U.S.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

PYMNTS

MAY 14, 2019

The retail hack calls to mind other noteworthy breaches, like when hackers accessed the personal data of hundreds of millions of people at the credit rating company Equifax. While the FBI wanted to pursue a criminal case, Equifax pulled back due to worries about legal exposure and how difficult the investigation could become.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

Fintech Finance

APRIL 24, 2024

According to the FBI, across the United States people lost $12.5 Today, Verizon’s robust network capabilities deliver advanced data analytics and insights, and produces authoritative research reports such as the Verizon Data Breach Investigations Report (DBIR) used by enterprises to understand and help mitigate emerging cybersecurity threats.

Scams 52

Scams Visa AI Consumer 52

PYMNTS

SEPTEMBER 24, 2018

billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Data breaches include the unwanted release or unauthorized use of company or customer records. All told, U.S. businesses and consumers lost more than $1.4 Perhaps more troubling, however, is digital fraud’s projected future.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

OCTOBER 13, 2016

The Fort Wayne-based company said it was alerted by FBI authorities back in September after credit card data — including card numbers, shoppers’ names, expression data and verification codes — from payment processing systems may have been accessed by hackers. Cybersecurity firm FireEye Inc.

FBI 69

FBI Cybersecurity Credit Cards Verification 69

PYMNTS

OCTOBER 14, 2016

According to a report from cybersecurity firm Symantec, the attack mirrors tactics used by the unidentified group that orchestrated an $81 million hack of Bangladesh’s central bank earlier this year. The payment system of handbag company Vera Bradley may have been compromised by a massive data breach last month. and Ukraine.

SWIFT 75

SWIFT Compromise Cybersecurity Data Breach 75

PYMNTS

SEPTEMBER 22, 2017

Members of Congress are getting ready to grill Equifax CEO Richard Smith, who is set to testify about his company’s massive data breach that impacted as many as 143 million Americans. Attorney’s office in Atlanta is working with the FBI on a criminal investigation into the breach. He is already slated to appear before the U.S.

UDAAP 46

UDAAP CFPB Federal Trade Commission Breach 46

PYMNTS

DECEMBER 13, 2019

One of the tweets informed the city’s residents that it was working with “ cybersecurity resources” from the National Guard, the Secret Service and the FBI. The emergency Twitter account for New Orleans , “NOLA Ready,” sent out five ominous messages on Friday (Dec. It was not stated whether any agencies were shut down.

Ransomware 52

Ransomware FBI Cybersecurity Encryption 52

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.

Business Email Compromise 51

Business Email Compromise Phishing ATM FBI 51

PYMNTS

AUGUST 10, 2018

Baltimore CIO Frank Johnson called the hack a “limited breach.”. The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes. However, not everyone agrees.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

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.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

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.

FBI 40

FBI Zelle Credit Cards ATM 40

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors. About The Tracker.

Identity Theft 66

Identity Theft AI FBI Data Breach 66

PYMNTS

JULY 14, 2017

The International Telecommunications Union (ITU) gave these three African countries the highest marks in the region in its Global Cybersecurity Index based on their legislative frameworks, technical capacity to respond to incidents and cooperation with other countries. Some businesses and governments are readier than others. Ready: U.S.

Data Breach 47

Data Breach Breach FBI Ransomware 47

PYMNTS

MARCH 18, 2019

Last September, the Federal Bureau of Investigation (FBI) issued a warning about cybercriminals’ tactic of targeting digital payroll accounts, using phishing scams to obtain employee credentials and redirect payroll deposits to their own accounts. . “Education is the number-one way employers can protect their payroll data.”

Payroll 64

Payroll API Payment APIs and Integration Data Breach 64

PYMNTS

JANUARY 21, 2020

Just when you think there are no surprises left, this statistic drops: 60 percent of organizations recently polled had no idea their customer data had been breached, because their payments system and process is too opaque to detect it. The FBI even had a member of the so-called “ Methbot ” hacker ring extradited to the U.S.

Fraud Detection 52

Fraud Detection FBI Bots AI 52

CB Insights

MAY 6, 2019

What does an FBI raid do to your microbiome? Microbiome sequencing company Ubiome was raided last Friday by the FBI. Speaking of genetics … Our Cybersecurity in Genetics report is available for Expert Intelligence clients. The company, which raised $83MM last year, was targeted due to its insurance billing practices.

FBI 33

FBI Research Cybersecurity Breach 33

PYMNTS

JANUARY 12, 2017

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. It has since investigated the breach and addressed the vulnerabilities of its computer systems, telling users to update their passwords as well as any security questions and answers.

Ransomware 40

Ransomware FBI Database Compromise 40