PYMNTS

SEPTEMBER 11, 2018

11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. The researcher said the group was highly targeted in their approach, and that the British Airways breach was part of a broader plot to steal records from various websites. 21 to Sept. 5 and is now resolved.

Research 74

Research Data Breach Breach Credit Cards 74

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. One case, however, involved more than 35,000 compromised files.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

JUNE 1, 2020

Its “Sector 17 – The State of Cybersecurity in the Legal Sector” analysis found that 100 percent of law firms surveyed around the globe had been targeted in a cyberattack, pointing to the industry’s $1 trillion market value, making it a prime target for data breaches, phishing attacks and other malicious online activity.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

JUNE 24, 2020

Elsewhere, a cyberattack raises concerns about the vulnerability of employee data when commercial card information is compromised. All employees with an active company card have been notified of the data breach. Nium Uses Cards For Credit.

Commercial Card 52

Commercial Card Innovation Ransomware Credit Cards 52

PYMNTS

SEPTEMBER 14, 2020

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware of the issue until about three months later. Blackbaud's data breach isn't unique, per se.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

FICO

DECEMBER 14, 2021

Data Breach Reporting Use. When it came into effect in 2018, the GDPR put a spotlight on data protection and kickstarted a wave of global privacy laws. Only last month, the electronics retail merchant MediaMarkt became the latest victim of a ransomware attack. Abuse of Open Banking.

Scams 52

Scams Data Breach Financial Crimes AI 52

PYMNTS

OCTOBER 12, 2020

Healthcare is another major industry that Whitney said is one of “the most at-risk for ransomware and data breaches” with federally mandated patient privacy requirements (HIPPA) being widely implemented and having a compliant IT security framework that is up to date and in place is essential.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

MARCH 24, 2017

Whether a mysterious “crime family” is really out to compromise iCloud and.mac accounts is yet to be seen, but either way the possible extortion of a tech giant is worrisome. Justice Department for allegedly taking part in the massive data breach that rocked Yahoo. This is a highly likely scenario.

Credential 45

Credential Crime Ransomware Data Breach 45

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. 2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. In addition, the battlefield is evolving.

Checks 58

Checks Email Compromise Security Compromise 58

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Given the ease with which IoT devices can be hacked, we can expect more attacks to follow.

AI 108

AI Compromise Risk Assessment Assessments 108

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. Some effects of cybersecurity on your business include: Stealing stored data such as credit card details. They can include computer viruses and ransomware kinds of attacks.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

MAY 22, 2017

In early May, approximately 300,000 computer systems in more than 150 countries were compromised by the WannaCry cyberattack. Hacking and cyber threats like ransomware are hardly new phenomena. The WannaCry ransomware attack reached institutions and agencies across borders. s National Health Service.

Regulations 46

Regulations Authentication Ransomware Money Laundering 46

VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. 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.

Data Security 208

Data Security Security Encryption Cybersecurity 208

CB Insights

MARCH 27, 2019

Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. Read our future of data security report for more on this topic. ). Amazon hasn’t had nearly the problems with data breaches that have hit some of the other big tech brands.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

NOVEMBER 25, 2016

“Despite all of our attempts at locking down the various ways somebody could attack applications, like a website we are using for eCommerce or a point-of-sale system, one of the major methods that people are using to cause a data breach is with legitimate credentials,” Stolte explained.

Cybersecurity 76

Cybersecurity Credential Security Ransomware 76

FICO

APRIL 12, 2017

Depending on the degree of variance, we can assess how likely the behavior is to be aberrant and thus potentially fraudulent or criminal — or, in the case of a network device, how likely that endpoint is to have been compromised by a cyber attacker. Power at scale: Enhancing fraud, compliance and cyber security defenses .

Financial Crimes 49

Financial Crimes Crime Suspicious Activity Report (SAR) SARS 49

PYMNTS

JULY 28, 2017

BKK apparently pays about $1 million per year for T-Systems to maintain its IT infrastructure, which was so easily compromised by a data breach. Neither the BKK nor T-Systems took any responsibility for the bugs, claiming that there was nothing wrong with the system and that all holes in the software had been patched.

Cybersecurity 44

Cybersecurity Data Breach Law Enforcement Breach 44

PYMNTS

APRIL 30, 2018

ENISA urges organizations to define the boundaries of their data processing systems and the relevant context. Understanding these parameters can help businesses further understand the impact that a potential security incident — such as a data breach or theft — could bring. The Need for Greater GDPR Compliance.

Rules 47

Rules Authentication Breach Compliance 47

The Fintech Times

DECEMBER 11, 2023

This is particularly important given the rush in companies rushing to deploy LLMs despite growing concerns about adversarial attacks that could cause these models to inadvertently share sensitive data. “The ominous spectre of ransomware looms larger than ever, casting a long shadow over the digital landscape. .”

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139

PYMNTS

SEPTEMBER 19, 2016

According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data compromised. More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

JUNE 2, 2017

In an encrypted message, Shadow Brokers announced the timely delivery of crippling exploits, such as Windows 10 bugs, ransomware, malware and internal info about international nuclear missile programs. The compromise of unreleased footage from the TV series “Orange Is the New Black” took place at a third-party production vendor.

Ransomware 40

Ransomware Blockchain Compromise Bitcoin 40

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. Ransomware, Cyberespionage On The Rise. Ransomware, Cyberespionage On The Rise. To begin, some 32,000 properties use the travel tech company’s reservation system.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

APRIL 13, 2016

The report compares the impact of data breaches to an iceberg submerged underwater, with a huge ice mass lurking just below the surface. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better. All in, victims paid out about $24.1 million total.

Ransomware 43

Ransomware Data Breach FBI Breach 43

FICO

NOVEMBER 4, 2016

Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Mirai, Japanese for ‘future,’ has given us a view into the future through these attacks, which include data breaches and ransomware attacks through compromised IoT devices.

Security 101

Security Compromise Cybersecurity Privacy 101