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FBI Warns Banks About Widescale ATM Cash-Out Scam

PYMNTS

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.

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Apple Rehires Encryption Expert

PYMNTS

Apple’s encryption battle against the FBI may have simmered down, but Apple is not backing down on further bolstering the security of its devices. In his time at Apple, Callas built an encryption system to safeguard data stored on Mac computers. Callas’ appointment comes just weeks after the FBI spent $1.34

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FBI To Companies: Don’t Pay Cyberattack Ransoms

PYMNTS

FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Last year, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1 million in losses for victims.

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Hacker Arrested In Capital One Breach Affecting 100M+ 

PYMNTS

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The hack is expected to cost the company between $100 million and $150 million in the near term.

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. According to the FBI’s 2020 Internet Crime Report, 2020 alone saw 791,790 complaints of suspected internet crime – an increase of more than 300,000 since 2019. What Is a Business Email Compromise Attack?

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What to do if your company suffers a data breach

VISTA InfoSec

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. This must be done using the electronic notice forms online.

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Cap One Employees Warned Of Security Issues Pre-Hack

PYMNTS

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The hack is expected to cost the company between $100 million and $150 million in the near term.

Caps 67