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. In fact, it found that AI-enhanced phishing affected 91.1 The post 91.1%

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The Fintech Times

DECEMBER 18, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024. “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.

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PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

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?

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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.

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PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. The scam involves sending a phishing email claiming to be a Microsoft Office 365 update.

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Data Breach Breach Business Email Compromise Scams 136

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. The warning coincided with separate reports related to Google and cybersecurity. Taking into account the estimated 30.2

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The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. The codes set out requirements for developers to make products more resilient against tampering, hacking, and sabotage.

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VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Hackers have often succeeded in breaching password-protected systems through brute force attacks, guessing, or using “keyloggers” that record keystrokes.

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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.

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VISTA InfoSec

JUNE 19, 2024

Despite these benefits, video communication has security risks, including the following: Phishing Attacks These attacks often manifest as seemingly legitimate emails, messages, or links, leading unsuspecting users to fraudulent websites. Once you follow the link, you enter a fake login page that captures your information.

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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.

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Innovative Payments Association

MAY 20, 2024

When companies think about cybersecurity, their first instinct is to think about what technology they have in place to stop hackers. Cultural Defenses Train Your Employees – Let them know what phishing e-mails look like and create ways for them to verify requests that don’t rely on a potentially hacked system.

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PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Cisco also found that GDPR compliant businesses were less likely to suffer a financial loss as a result of a data breach.

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Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. Meanwhile, 20 percent cited a lost device for the cause of a breach. companies’ cybersecurity measures.

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Fintech News

JUNE 10, 2024

The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks. Organisations should create and save copies of important files to external and offline storage devices, including immutable copies, to allow for system restoration in the event of a cybersecurity incident.

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PYMNTS

APRIL 12, 2019

Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners. Clearly, the threat of a data breach remains strong, and Norton warned it will persist as other jurisdictions begin to implement their own data protection rules.

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Cybersecurity Data Breach Legal Framework Breach 77

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. Generative AI in Security: Advanced Threat Detection: Generative AI is a game-changer in cybersecurity, providing advanced threat detection capabilities. Even if a token is intercepted, it cannot be used for any other transaction.

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AI Innovation Fraud Detection Encryption 105

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

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Data Breach Breach Small Business Business Email Compromise 80

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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PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. The state-owned bank did not comment but told clients in an email that the attack was on some of the employees’ mailboxes.

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Fintech News

JUNE 3, 2024

Despite its rapid growth, the APAC region remains the second smallest cyber insurance market globally, S&P Global says, a statement that aligns with findings of a Moody’s survey which revealed strong cybersecurity oversight among APAC players compared to global counterparts. trillion annually by 2025.

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The Fintech Times

JUNE 20, 2024

David Atkinson , CEO of SenseOn , the cybersecurity firm, explains why financial organisations should understand vulnerabilities, defend against evolving cyber threats and how leveraging technology that can actively flag and isolate serious threats will decrease the damage. So what can firms do to better mitigate this risk?

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Risk Cybersecurity Data Breach Ransomware 59

Stax

MARCH 4, 2024

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

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Cybersecurity Visa Data Breach Small Business 56

Fintech News

JANUARY 17, 2024

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

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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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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.

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PYMNTS

NOVEMBER 25, 2019

According to The Wall Street Journal , researchers at a Silicon Valley cybersecurity company discovered the cyberattack attempts. 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.

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PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

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PYMNTS

MARCH 12, 2018

The most devastating impacts of a data breach can only be avoided by both working to prevent a breach and by planning and preparing a response before an incident occurs,” Jerry Thompson, senior vice president of Intersections, told the publication in an interview.

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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. told the Wall Street Journal.

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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

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PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 The cybersecurity market is seeing record investments financially, but it faces a crucial talent gap.

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Bots Cybersecurity Phishing Fraud Prevention 59

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

Seon

JANUARY 29, 2024

This could be accidental, or more sophisticated, for example following a mass phishing email campaign. This could be accidental, or more sophisticated, for example following a mass phishing email campaign. To target these accounts, fraudsters often rely on spear-phishing techniques (targeted phishing), or SIM-Swapping attacks.

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PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. Cybersecurity expert Bob Diachenko discovered the breach and contacted the Verifications.io The info did not contain passwords or credit card details.

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