PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

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Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

Business Email Compromise 91

Business Email Compromise Scams Crime Email Compromise 91

PYMNTS

AUGUST 19, 2019

They are getting into an administration system, finding lists of client credentials and then installing [Sodinokibi] on all the clients’ systems.”. “The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett.

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Ransomware Business Email Compromise Wires Wire 72

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. The BEC scam can manifest in many forms. Beyond The BEC. The BEC can happen to anyone — to any company using email,” explained Sadler.

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Business Email Compromise Security Scams Email Compromise 44

PYMNTS

AUGUST 17, 2020

In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back. When it comes to fraud threats, no company — large or small — is immune.

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Business Email Compromise Federal Trade Commission Scams Cybersecurity 94

PYMNTS

APRIL 4, 2019

Meanwhile, instances of the Business Email Compromise (BEC) are also on the rise: About 47 percent of all incidents examined last year were the result of a hack or malware — and, of those, about half were BEC scams. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal.

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

JUNE 3, 2020

That’s especially important as criminals seek to use eCommerce to commit what might be termed “authorized fraud” as bad actors get hold of card details or log-in credentials, pose as legitimate account holders and send payments. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise. COVID-19 has afforded internet villains what will certainly go down as the greatest cybertheft opportunity of their shadowy lifetimes.

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Scams Automation Phishing Email Compromise 63

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. “No legitimate business or utility will call you and ask you to make a payment using a Green Dot card,” AG Frosh said in a statement.

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Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. As reported by Wired, the malware, tied to malicious links, would use keyloggers to access passwords or would create “fake banking pages” that induced victims to enter credentials.

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Treasury Wires Wire Credential 52

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. As reported by Wired, the malware, tied to malicious links, would use keyloggers to access passwords or would create “fake banking pages” that induced victims to enter credentials.

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Treasury Wires Wire Credential 52

PYMNTS

APRIL 5, 2019

The attacks are targeted ones, said Arruda, who noted that hackers don’t usually directly try to hack banks or credit unions, but instead try to get access through the aforementioned email campaigns, where the credentials are stolen and the stolen credentials are leveraged to gain access to the FI.

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FBI Credit Union Credential Cybersecurity 50

PYMNTS

MAY 5, 2017

Radial found a 200 percent rise in Q1 of credit card testing—when stolen payment card credentials are ‘tested’ with small, innocuous buys before cybercrooks move on to larger fraudulent purchases. Regular risk and compliance assessments are not enough for today’s clever fraudsters,” Graff said.

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Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

OCTOBER 5, 2020

Furthermore, the company said the most typical attack techniques that nation-state actors used in the past year were credential harvesting, reconnaissance, virtual private network (VPN) exploits and malware. The first half of this year had a 35 percent rise in overall attack volume in contrast to the latter half of last year.

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Ransomware AFP Breach Payments 54

PYMNTS

AUGUST 24, 2020

This week's B2B Data Digest looks at the rising threat of the business email compromise (BEC) scam and invoice fraud on companies of all sizes in the U.S., 389 percent more BEC scams hit U.S. businesses between Q1 and Q2, per new Abnormal Security research revealed in its Quarterly BEC Report for Q2 2020.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

FEBRUARY 1, 2021

Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web. At least 44 percent of the 2020 data breaches examined in the report involved phishing or BEC scams, while 694 businesses reported having been impacted by cyberattacks on their supply chains last year.

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Data Breach Breach Business Email Compromise Scams 136

PYMNTS

DECEMBER 17, 2019

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The victim is then offered a choice of logging in through email credentials from providers such as Google, Microsoft and Yahoo. Anomali, a security firm, says it has found bogus websites of the U.S.,

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Credential Scams Email Compromise Business Email Compromise 40