VISTA InfoSec

AUGUST 8, 2023

Encrypting your most critical data in return for a huge payment before restoring access. Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites. They should also consider changing their passwords every month or quarter to prevent compromise. 5/5 - (2 votes)

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

APRIL 3, 2024

Whether it’s falling prey to sophisticated phishing schemes or mishandling sensitive information, the actions of untrained or uninformed staff can compromise an entire organization’s security. Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

SEPTEMBER 25, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, theres already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. The encrypted files can only be decrypted through an RSA private key, teiss reported. Phishing attacks have surged in the midst of the pandemic, PYMNTS reported.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

Phishing 45

Phishing Ransomware EMV CHIPS 45

VISTA InfoSec

JUNE 21, 2023

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. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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. ” Victims are met with a blue screen on their computers, with the ransomware encrypting company data.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

Stax

APRIL 10, 2025

Its role is to encrypt and securely transfer your customers payment data to your payment processor. All the data transfer between the digital wallet and your payment terminal are encrypted and the system also uses tokenization to ensure iron-clad data security.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

VISTA InfoSec

NOVEMBER 7, 2023

This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities. In both instances, the lack of a second authentication method leaves an exposed vulnerability.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. The Methods.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

MARCH 6, 2020

South Carolina’s Mailprotector offers customers email security and encryption technology designed for businesses, governments and nonprofits. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. Mailprotector. Chqbook.com.

B2B 80

B2B FinTech MSPS Email Compromise 80

PYMNTS

OCTOBER 7, 2020

The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

Fintech News

FEBRUARY 10, 2025

A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits. Reports indicate that investors in China, India, and the Philippines lost upwards of USD $200 million to crypto-related phishing scams and fake investment platforms over the year. billion globally.

Crime 87

Crime Ransomware Scams Phishing 87

PYMNTS

FEBRUARY 28, 2020

The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us. .

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

SEPTEMBER 30, 2016

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

SEPTEMBER 30, 2019

As he noted, North Korea, acting as a singular cyberthreat, will do what it can to gain access to and compromise the credentials of foreign organizations with money ­— and, in turn, gain access to that money, of course. As Visner added, North Korea has been persistent and, to some extent, successful in its efforts.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. These breaches can have devastating consequences, both financially and in terms of reputation.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Fintech Review

DECEMBER 3, 2024

Educating users about encryption and tokenisation can help address these concerns. Phishing attacks and malware remain prevalent, undermining consumer confidence. Striking the right balance is essential to encourage advancements without compromising security. Conversely, security concerns can deter adoption.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

APRIL 21, 2017

As it turns out, while cybercriminals are constantly inventing ways to maliciously compromise the security of private data, they also have a soft spot for the classics. Notably, macro-based malware is still around in the realm of spear phishing. He’s not surprised to see it show up in the report.

Phishing 57

Phishing Cybersecurity Encryption Compromise 57

PYMNTS

MAY 12, 2016

Hackers recently attempted to access congressional computer systems, encrypt the data and hold it for ransom, various media outlets reported on Tuesday (May 10). “In It’s unknown how many of the phishing attacks were actually successful, what type of data was compromised or even if a ransom was actually paid.

Ransomware 41

Ransomware Encryption Phishing Cybersecurity 41

PYMNTS

SEPTEMBER 9, 2016

Quartz reported that the site Rambler was targeted by hacks dating back to 2012, and as a result, roughly 98 million accounts were compromised. The sensitive data, which the Yahoo-like site supposedly did not encrypt, included usernames, email addresses and passwords. Scammers Are Just A Tweet Away.

Phishing 41

Phishing Breach PayPal Database 41

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The diagram below shows the typical sequence of actions that phishing attackers take when carrying out social engineering attacks. The answer is security awareness training.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

MARCH 6, 2020

Social media networks’ APIs could collect users’ contact information for scammers’ targeted phishing campaigns, for example. Others gain system access by intercepting and viewing messages with API keys or using phishing attacks to trick legitimate users into connecting with hackers’ systems, enabling fraudsters to acquire those keys. .

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

MAY 19, 2017

Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access. “Right now there is no clear indication of the first compromise for WannaCry,” said Budiman Tsjin of RSA Security, a part of Dell.

Ransomware 46

Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

JANUARY 30, 2018

billion raised via controversial initial coin offerings (ICOs) have been lost to lapses in security, including phishing attacks. While a lot of the focused testing of blockchain is similar to regular security testing (encryption integrity, data privacy, etc.),

Blockchain 57

Blockchain Security Cybersecurity Cross-Border Payments 57

Exact Payments

FEBRUARY 26, 2024

Tokenization securely maintains the link between a token and sensitive card data in a database known as a token vault, which is safeguarded with encryption. For example, a token generated for a credit card transaction with Google Pay is only valid for Google Pay transactions, reducing the token’s usability if it is compromised.

Fraud Prevention 40

Fraud Prevention Credit Cards Data Breach Payments 40

FICO

JANUARY 5, 2021

Trust in passwords is diminishing due to data breaches, and while one-time passwords are still popular they have also been compromised. Don’t trust a website simply because it begins with “[link] The s” merely means the data in transit is encrypted, that the site is legitimate or secure. 74% of all phishing sites now use SSL.

Financial Crimes 52

Financial Crimes Crime Posting Scams 52

Fintech News

APRIL 7, 2025

No transaction banking data or login credentials were compromised. Preliminary findings suggest that statements and letters for around 8,200 customers may have been compromised, mainly involving DBS Vickers accounts and Cashline loan accounts dated between December 2024 and February 2025.

Ransomware 93

Ransomware Compromise Credential Risk Mitigation 93

The Payments Association

FEBRUARY 17, 2025

AiTM attacks work by intercepting communication between a user and a legitimate service through phishing techniques. In an AiTM attack, the attacker typically sends a phishing email with a link that directs the victim to a fake login page (redirector or AiTM phishing page) designed to look like a legitimate service.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88