VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

JUNE 3, 2024

The Importance of a Strong Password Policy A strong password policy is a cornerstone of any cybersecurity strategy. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

MFA 130

MFA Credential PCI DSS Compliance 130

FICO

OCTOBER 10, 2016

This, in the public domain, is the single largest cyber-breach in history, affecting an estimated 500 million Yahoo users and potentially compromising their personal, demographic, contact and security information. But so is checking the rearview mirror for evidence of any past compromises. Why is that? And those risks are growing.

Crime 83

Crime Cybersecurity Breach Data Breach 83

VISTA InfoSec

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised. Meanwhile, the incident serves as a stark reminder of the persistent cybersecurity challenges faced by educational institutions in an increasingly digital age.

FBI 130

FBI Breach MFA Cybersecurity 130

PYMNTS

NOVEMBER 2, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton said corporate America needs to be more proactive about cybersecurity, warning that the threat of cyberattacks will continue, CNBC reported. Speaking on CNBC's “Power Lunch,” Clayton said cybersecurity risks compounded on the pandemic and the U.S. presidential election.

Cybersecurity 84

Cybersecurity Credential Compromise Ransomware 84

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. Unseen and possibly unknown.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords. System verification : The system checks the entered credentials. 5 - (2 votes)

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

JANUARY 14, 2020

But for many service providers, achieving one can often mean compromising the other. Greater Security Without Compromising UX. The combination of an expanded attack surface and intensifying security regulations has financial service providers investing heavily in cybersecurity and other data protection technologies.

Security 101

Security PCI DSS Compromise Service Provider 101

Fintech News

JUNE 10, 2024

The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks. Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials.

Ransomware 105

Ransomware Authorization Phishing Cybersecurity 105

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

SEPTEMBER 15, 2016

CyberArk , the cybersecurity company, announced on Wednesday (Sept. The patent covers methods and systems to map risks arising from credentials, especially privileged credentials, present on machines in the network that, once compromised, enable attackers to access and compromise other machines in the network.

Risk 68

Risk Security Technology Credential 68

The Fintech Times

JUNE 26, 2024

A dangerous new strain of malware has emerged, posing a severe threat to banking app users and leading to significant financial losses and fraud, cybersecurity experts have warned. This allows it to evade anti-tampering mechanisms and remain hidden while compromising app security.

Security 111

Security Cybersecurity Credential Compromise 111

PYMNTS

JUNE 1, 2017

WannaCry meant big bucks for cybersecurity companies. The cybersecurity event that dominated headlines for days last month led to significant share spikes for top cybersecurity companies like FireEye and Sophos. Or, you may just recognize the name because cybersecurity companies are top-of-mind for many professionals lately.

Cybersecurity 55

Cybersecurity Breach Email Compromise Compromise 55

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. Cybercriminals are using the tactic to steal company credentials, including executive email addresses, which are then sold on the dark web.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

PYMNTS

AUGUST 16, 2019

did not have basic cybersecurity safeguards while it ran a service powered by artificial intelligence (AI) on the carrier’s website last year and in 2017, The Wall Street Journal reported. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials. Delta Airlines Inc.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI.

Mobile Banking 117

Mobile Banking Online and Mobile Banking Identity Theft Credential 117

PYMNTS

JULY 24, 2020

Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. ” But on the contrary, Nick Espinosa , head of cybersecurity firm Security Fanatics , said the data looked “recent and totally legit,” Buzzfeed News reported.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

Cybersecurity 76

Cybersecurity Credential Security Ransomware 76

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. The year-over-year cybersecurity budget increase amounts to an average spend of $2,691 per employee.

Business Email Compromise 94

Business Email Compromise Federal Trade Commission Scams Cybersecurity 94

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

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.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

MAY 17, 2017

If you’re one of the many, many companies recently targeted by WannaCry , you’ve just been handed a harsh reality check in the importance of enterprise cybersecurity. Maybe you had ignored previous warnings or felt cybersecurity technology was unnecessary. Or maybe you actually had cybersecurity measures in place that failed.

Cybersecurity 49

Cybersecurity AI Ransomware Phishing 49

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Banks were expected to boost their cybersecurity budgets by 15 percent in 2020 compared to previous years, spending an average of $3,000 per employee on such upgrades.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. Instead, Instacart said hackers used credential stuffing, a practice in which usernames and passwords stolen from other sites are used to hack into other accounts. “It

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

AUGUST 16, 2019

According to a report in The Wall Street Journal , sources said that employees sent a warning to Capital One about high turnover in its cybersecurity unit as well as the failure to install some software to help spot and defend against hacks. We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman.

Caps 67

Caps Security Cybersecurity Breach 67

The Fintech Times

MAY 9, 2024

By leveraging generative AI Visa’s VAAI Score identifies the likelihood of complex enumeration attacks in real-time to help reduce fraud without compromising the integrity of Visa’s performance and accuracy. ” At Visa, security and reliability are top priorities year-round.

AI 111

AI CVV2 Issuers Compromise 111

PYMNTS

NOVEMBER 22, 2019

The practice may have been halted there, at least, but it shines a bit of light on how black markets for (stolen) assets and credentials continue to proliferate around the world and target virtual verticals. The tools are there, but mindset matters.

Credential 70

Credential Cybersecurity Push-to-Card Financial Crimes 70

PYMNTS

SEPTEMBER 26, 2016

According to Justin Clarke-Salt, cofounder of Gotham Digital Science, a cybersecurity company, the attackers in the Bangladeshi central bank incident exploited a system weakness, which is that institutions use different protections for SWIFT. Cybercriminals are now targeting web and mobile apps in attempts to secure stolen user credentials.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

PYMNTS

APRIL 26, 2019

A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations.

P2P 75

P2P Security Compromise Credential 75

PYMNTS

JUNE 23, 2016

For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. The impact from a data breach on an enterprise can be a mixed bag. 2013, resulting in $3.1 ”

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

SEPTEMBER 30, 2016

Either way, these sayings aren’t so encouraging when it comes to cybersecurity. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

AUGUST 17, 2020

As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. Online services are expected to be fixed by Wednesday (Aug.19), 19), officials told CNN. Last month, a national survey found more than 80 percent of U.S.

Governance 65

Governance Government Data Breach Breach 65

PYMNTS

NOVEMBER 4, 2016

With major data breaches on the rise, it’s no surprise cybercriminals have access to more than enough compromised data. From WiFi hotspots to printers and unsecured routers to digital video recorders, hackers essentially have their pick of when looking to compromise unsuspecting IoT devices.

Compromise 76

Compromise Data Breach Breach Research 76

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. Indeed, the last week has seen the emergence of even more examples coming to light.

Business Email Compromise 91

Business Email Compromise Scams Email Compromise Crime 91

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Yet, how can banks protect against identity theft and application fraud with so many details compromised? Fraud is rampant and thriving. Inverting the Fraud Approach.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63