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

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

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.

PCI DSS 245

PCI DSS Security Compromise Best Practices 245

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.

Phishing 51

Phishing Breach Data Breach Scams 51

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.

Risk 242

Risk Ransomware Phishing MFA 242

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

VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

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

VISTA InfoSec

MARCH 28, 2024

As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Incident Response Develop a plan for responding to data breaches , detailing the actions to be taken when such incidents occur. You should also regularly review stored data and purge what is no longer needed.

Data Breach 249

Data Breach Regulatory Compliance Breach Encryption 249

Payments Source

JULY 30, 2019

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

Breach 77

Breach Data Breach Phishing Consumer 77

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.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

PYMNTS

AUGUST 20, 2020

Anyone could phish or contact any person that indicates telephone and email on his social network profile description in the same way, even without the existence of the database. […] Social networks themselves expose the data to outsiders – that is their business – open public networks and profiles.

Breach 114

Breach Phishing Database Legal 114

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

PYMNTS

APRIL 14, 2019

The breach happened between January 1, 2019, and March 28, 2019, according to reports. The report noted that none of Microsoft’s enterprise customers appeared to be impacted by the breach. This is the latest breach to impact Microsoft this year. Microsoft said affected users should change their passwords.

Breach 68

Breach Accounts Credential Compromise 68

The Paypers

APRIL 26, 2016

(The Paypers) Verizon's Data Breach Investigations Report (DBIR) has revealed that 89% of data breaches are either financially or espionage motivated and conducted through phishing.

Data Breach 28

Data Breach Phishing Breach 28

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

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 112

APACS FinTech Data Breach Fraud Prevention 112

Fintech Finance

SEPTEMBER 30, 2024

They are most troubled by phishing/vishing and impersonation scams, as well as fake product or service purchases. 48% were troubled about a potential data breach. Digital payments have become part of our daily lives and are increasingly crucial to fostering financially inclusive economies.

Scams 97

Scams Digital Payments Consumer Payments 97

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.

Phishing 56

Phishing Credit Union Breach Data Breach 56

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

Segpay

FEBRUARY 21, 2024

These tokens are generated for each transaction, reducing the risk of data breaches. This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. Even if a token is intercepted, it cannot be used for any other transaction.

AI 105

AI Innovation Fraud Detection Encryption 105

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.

FBI 46

FBI Breach Identity Theft Data Breach 46

PYMNTS

JUNE 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

Phishing 43

Phishing Scams Regulations Rules 43

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

JUNE 10, 2024

Reducing the amount of unnecessary data collected can lessen the impact of a data breach and decrease the resources needed for data protection. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

Ransomware 101

Ransomware Authorization Phishing Cybersecurity 101

PYMNTS

DECEMBER 3, 2018

Signet Jewelers, the company that owns Jared and Kay Jewelers, has fixed a massive data breach that allowed anyone to view the order information of other customers, including a home address and the last four digits of a purchaser’s credit card, according to a Monday (December 3) report. Or just targeted phishing attacks.”.

Data Breach 57

Data Breach Breach Consumer Credit Cards 57

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

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 120

Deepfake APACS Scams Authentication 120

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

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

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

Payments Source

MAY 25, 2018

Phishing is the likely culprit behind the recent Saks and Lord & Taylor breaches. Stronger email protection required to combat the threat, according to Matthew Verhout, 250ok's director of privacy.

Phishing 69

Phishing Breach Privacy Security 69

PYMNTS

DECEMBER 20, 2019

Diachenko said he thinks the breach is because of an illegal bot scraping operation or even criminals who figured out how to abuse Facebook’s API. With the information, criminals could potentially launch a large-scale phishing campaign, either by SMS or other means. The originators of the database are suspected to be in Vietnam.

Database 71

Database Phishing Bots Breach 71

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

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. Much like Deutsche Telekom, Twitter remained adamant that its systems were not breached.

Data Breach 40

Data Breach Breach Credential Phishing 40

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 In the Capital One breach of 2019, a software engineer accessed 100 million customer accounts by exploiting a code weakness, then tried to share stolen customer data with others before being arrested. million per incident. Catch Me if You Can.

Data Breach 57

Data Breach Phishing Breach Bots 57