Fintech News

NOVEMBER 10, 2024

This information allows threat actors to create more convincing phishing emails or other forms of engagement between threat actors and victims. Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges.

Ransomware 115

Ransomware Data Breach Scams AI 115

VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

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 260

Cybersecurity Due Diligence Security Breach 260

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.

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Data Breach Regulatory Compliance Breach Encryption 278

VISTA InfoSec

JUNE 21, 2023

Not sure where to start if you notice a data breach? Here are seven essential steps to follow Becoming aware that your company has suffered a data breach can be unsettling. Identifying and Containing the Damage Once you have been made aware of a data breach, the first step is to identify and contain the damage.

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Data Breach Breach Law Enforcement Cybersecurity 130

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

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

Fintech Finance

DECEMBER 6, 2024

Compared to OTPs, which are increasingly vulnerable to online scams such as phishing, SIM swapping, and message interception, payment passkeys make transactions not only faster, but also more secure against fraud and scams.

Visa 98

Visa Authentication Scams Payments 98

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.

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Breach Phishing Database Legal 114

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

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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Data Breach Breach Phishing Duplicate 86

PYMNTS

JULY 25, 2019

billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets. Humans as Weak Links.

Phishing 69

Phishing Fraud Detection Automation Ransomware 69

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

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

The Fintech Times

APRIL 11, 2024

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

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.

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Phishing Continuity Data Breach Cybersecurity 59

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

Payments Dive

JULY 1, 2019

Download this infographic from TNS which looks at the results of a series of recent industry studies which highlight the latest data breach trends. It uncovers the top 5 types of breach incidents, which assets and data criminals are targeting and the number of organizations who have been affected.

Data Breach 68

Data Breach Breach Phishing Ransomware 68

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

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security cant be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough.

Security 130

Security Phishing Ransomware Risk Assessment 130

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.

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APACS Data Breach FinTech Fraud Prevention 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

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

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. The risks range from phishing and account takeovers to ransomware and insider threats. This is where cybertech comes in, the application of advanced cybersecurity technologies to protect digital finance.

Finance 59

Finance Security Fraud Detection Encryption 59

VISTA InfoSec

OCTOBER 21, 2024

Turning on this feature helps foil the automated brute force attacks that hackers often employ to breach the accounts of uninformed or tragically insouciant wallet owners. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

PYMNTS

JANUARY 27, 2017

Eric Chiu, cofounder and president of HyTrust , joined this week’s Hacker Tracker to share insights on the SEC examining the Yahoo breaches, why a selfie app may cause more harm than good and how the U.S. Yahoo disclosed a breach of 500 million users’ data in Sept. America’s Data Breach Problem. SEC Keeps An Eye On Yahoo.

Data Breach 71

Data Breach Breach Security Risk 71

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.

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Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

OCTOBER 8, 2020

The government also uses the system, and Bloomberg reported that it is essentially indispensable in the country, with breaches having wide-ranging impacts. It's used for everything from buying groceries to paying bills, and there are options available to borrow, save and invest with almost any kind of cellphone.

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Processors Phishing Payments Breach 129

Payments Source

MARCH 5, 2019

Online retailers must accept hacking, malware and phishing as a reality of doing business in our digital world, but tokenization can make the prize less worthy for crooks, according to André Stoorvogel, director of product marketing for Rambus Payments.

Phishing 124

Phishing Product Payments Data Breach 124

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

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 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

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

Fintech News

NOVEMBER 12, 2024

The Shared Responsibility Framework , which outlines duties for financial institutions and telecommunications companies to mitigate phishing scams, applies to these accounts as well. This framework ensures banks compensate scam victims if institutional responsibilities are breached.

Accounts 105

Accounts Financial Literacy Transaction Limits Scams 105

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 122

Deepfake APACS Scams Authentication 122

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.

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Ransomware Authorization Phishing Cybersecurity 103