PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

PYMNTS

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

Payments Source

JANUARY 4, 2018

Cybersecurity systems, as sophisticated as they are, are clearly not doing the job. And maybe they never will, given that in the end the effectiveness of those systems can be overridden by workers inside the organization, writes Tal Vegvizer, director of research and development for Bufferzone.

Compromise 69

Compromise Security Cybersecurity Research 69

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. Its research reveals that 78 per cent use their smartphones for mobile banking, 85 per cent for accessing email, 71 per cent for managing social media and 51 per cent.

Identity Theft 58

Identity Theft Consumer Online and Mobile Banking Monetary Loss 58

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.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

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. Less than half of IT professionals in the U.S.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

MARCH 1, 2017

Security experts are practically begging corporates to get serious with cybersecurity. Google is a vocal player in the fight for enterprise cybersecurity. Attackers have sophisticated ways of targeting their corporate prey, researchers found. But the research and the warnings may be falling on deaf ears.

Cybersecurity 48

Cybersecurity Phishing Email Compromise Breach 48

PYMNTS

SEPTEMBER 27, 2020

But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. Last month, an AT&T survey of 800 cybersecurity professionals revealed 70 percent of those employed by big businesses said remote working leaves them more vulnerable to cyberattacks, FT reported.

Security 129

Security Cybersecurity Breach Crime 129

PYMNTS

OCTOBER 2, 2017

Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. Assessing the Cybersecurity Performance of the Finance Supply Chain ,” which explores how financial service providers manage third-party cyber risk.

Cybersecurity 51

Cybersecurity Risk Risk Management Compromise 51

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. The Bad Actors.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

CB Insights

OCTOBER 18, 2018

Corporations increased the number of times they mentioned cybersecurity on earnings calls nearly three-fold since 2014, according to CB Insights data. The increase in cybersecurity talk is not surprising given the fact that last year stolen data records worldwide exceeded 2 billion for the first time.

Cybersecurity 57

Cybersecurity Data Breach Encryption Data Security 57

CB Insights

OCTOBER 4, 2018

For companies, the holy grail of data security is being able to operate on encrypted data without compromising its security. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. get the 39-page cyber defense report. Want the full expert post? Become a CB Insights customer.

Encryption 52

Encryption Data Security Cybersecurity Security 52

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 110

Security Cybersecurity Credential Compromise 110

FICO

AUGUST 27, 2019

A growing percentage of cybersecurity incidents against businesses are the result of initial compromises against third parties, allowing malicious actors to gain access through a trusted relationship, move laterally and escalate privileges, and ultimately attain their target. This risk is highlighted in a new report by the U.S.

Cybersecurity 40

Cybersecurity Risk Management Assessments Risk Assessment 40

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. Coming from cybersecurity experts, many of whom are responsible for protecting the data at issue here, that’s a pretty depressing statistic.

Cybersecurity 50

Cybersecurity Cryptocurrency Data Breach Privacy 50

PYMNTS

MAY 17, 2017

The WannaCry malware that spread globally over the past weekend has cybersecurity researchers puzzled on a number of levels. The main question on researchers’ minds is how exactly WannaCry spread. . There are many theories, according to a report from Reuters , but few definitive answers.

Research 40

Research Phishing Cybersecurity Bitcoin 40

PYMNTS

MARCH 9, 2017

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. So all in all, it’s the best of times and the worst of times for security folks.”.

Ransomware 60

Ransomware Cybersecurity Compromise Security 60

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 11, 2018

According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised. RiskIQ, the security firm, told outlets on Tuesday (Sept.

Research 74

Research Data Breach Breach Credit Cards 74

PYMNTS

JUNE 26, 2018

Cybersecurity is no longer an afterthought for today’s enterprise. Spend is still going up, too, as KPMG ‘s report found a 23 percent increase in the number of professionals prioritizing cybersecurity investments this year compared to last. The tactic relies on employee ignorance, not on system weaknesses, to find success.

Cybersecurity 43

Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

JUNE 7, 2016

The vulnerability was discovered in Outlander’s Wi-Fi module, which can be manipulated to turn off the SUV’s alarm system, compromise car settings and drain its battery, according to the cybersecurity team at PenTestPartners. “Once unlocked, there is potential for many more attacks,” the team said.

Research 41

Research Compromise Cybersecurity Security 41

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?

Risk 58

Risk Cybersecurity Data Breach Ransomware 58

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

DECEMBER 14, 2020

The FBI is currently investigating the attacks, and the federal Cybersecurity and Infrastructure Security Agency (CISA) issued a warning Sunday about an “active exploitation” that involved SolarWinds ’ Orion Platform software. That software was released earlier this year, between March and June.

Governance 85

Governance Government Security Cybersecurity 85

PYMNTS

AUGUST 10, 2018

The research , conducted by Deloitte, found that 80 percent of small businesses aren’t taking advantage of digital solutions like data analytics. “One is the online reputation, and the other is cybersecurity.” It was a 2017 report commissioned by Google that caught Womply President Cory Capoccia’s attention.

Cybersecurity 40

Cybersecurity Small Business Phishing Email Compromise 40

PYMNTS

AUGUST 30, 2017

New research from Intercede, conducted by Vanson Bourne, finds that security passwords’ lack of reliability in defending against a cyberattack is far from a problem only for individual consumers. In today’s age of the hack, when compromised passwords are the root of the vast majority of security breaches, U.K.

Research 41

Research Compromise Cybersecurity Security 41

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. A recent research report released by eSentire found that indeed, vendors present a significant cyber risk to organizations. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

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. Findings of the Zimperium research corroborate with those of new survey conducted by EY and the Institute of International Finance.

Mobile Banking 113

Mobile Banking Online and Mobile Banking Identity Theft Credential 113

PYMNTS

AUGUST 10, 2018

The new findings gathered by Juniper Research and published in its report, “The Future of Cybercrime & Security: Threat Analysis, Impact Assessment & Leading Vendors 2018-2023,” shows that there will be a staggering increase of 175 percent in cybercrime in 2023. The research also found that the U.S.

Cybersecurity 43

Cybersecurity Breach Data Breach Research 43

PYMNTS

NOVEMBER 18, 2019

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. cybersecurity technology companies are taking measures to raise awareness and combat corporate payment fraud risks.

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

NOVEMBER 15, 2016

Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. Separate research released this month suggests that, indeed, SMEs need to start with the basics. Department of Commerce, acknowledged that cybersecurity may not be at the top of SMEs’ priority lists.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. Kaspersky researchers studied 174 municipal institutions and their 3,000 subset organizations that were targeted in 2019.

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

PYMNTS

DECEMBER 22, 2016

This is largely because IoT devices offer easily accessible bandwidth and CPU at no cost to the attacker, with much less effort to compromise than a modern PC or laptop,” Jose Nazario, director of security research at Fastly, told Forbes.

Cybersecurity 46

Cybersecurity Compromise Bots Enrollments 46

CB Insights

MARCH 7, 2019

The cybersecurity risks to the healthcare industry are increasing, due in part to the rapidly growing number of connected medical devices. Hackers can leverage compromised devices to obstruct functions critical to patient health, hinder hospital operations, or steal sensitive information. Want the full expert post?

Security 57

Security Compromise Cybersecurity Risk 57

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

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

OCTOBER 28, 2019

The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. billion) on cybersecurity enhancements. In the battle for cybersecurity , Visner said that adversaries are not “bulletproof super villains. In the past three years, UniCredit has spent €2.4 billion ($2.7

Data Breach 40

Data Breach Breach Cybersecurity Credential 40

PYMNTS

FEBRUARY 28, 2019

Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018. According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. ” Business Partners At Risk.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65