PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.

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Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. That project, however, was abandoned due to legal concerns.

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Compromise Accounts FBI Law Enforcement 65

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. LAUSD officials have announced that it has informed the FBI, CISA, and its vendors to investigate the incident further.

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FBI Breach MFA Cybersecurity 130

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin 105

Bitcoin Ransomware Compromise FBI 105

Innovative Payments Association

JANUARY 13, 2025

Tech Support Scams: Fraudsters pose as representatives from well-known tech companies, claiming that a senior’s device or account has been compromised. These messages often create a sense of urgency, warning of account closures or suspicious activity. Grandparent Scams: These scams prey on seniors’ love for their family.

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Scams Law Enforcement Payments FBI 52

PYMNTS

MAY 5, 2016

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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FBI Ransomware Cybersecurity Encryption 41

PYMNTS

MAY 8, 2017

In a warning to businesses covered by Reuters , the FBI said bad guys used email and pretended to be from real businesses to try and steal $5.3 The schemes are known as business email compromises. In a previous report, the FBI had said thieves tried to steal $3.1 Based on the FBI report, Reuters said around one in four U.S.

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FBI Wire Wires Email Compromise 41

PYMNTS

JUNE 15, 2016

The FBI is warning about the increasing risk of wire transfer fraud. As part of its newly launched public awareness campaign on wire transfer fraud, the FBI provided tips to help companies detect and fight the threats. 79 | The number of countries identified by the FBI as being involved in requests for fraudulent transferred funds.

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FBI Wire Wires Wire Transfer 40

PYMNTS

JULY 20, 2016

The Federal Bureau of Investigation has been targeting the Business Email Compromise for years, warning companies to be aware of fake supplier emails and invoices requesting firms to wire funds. A new notice from the FBI continues its crackdown of the scheme and pinpoints what reports call “ground zero” for the scam.

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FBI Scams Email Compromise Wire 40

PYMNTS

SEPTEMBER 16, 2019

Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm in January.

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FBI Direct Deposit Wire Transfer Payroll 69

PYMNTS

MARCH 16, 2017

During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period.

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FBI Breach Identity Theft Data Breach 46

PYMNTS

FEBRUARY 9, 2020

Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If In its most recent warning, the FBI said cyberattacks were becoming “more targeted, sophisticated, and costly.”.

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Ransomware FBI Law Enforcement Compromise 75

PYMNTS

APRIL 5, 2019

Stacy Arruda, a former special agent with the FBI and now executive director of the state of Florida ISAO on cybersecurity, said that part of the problem is that when it comes to protecting credit unions — and really any financial institution — danger lurks in what they don’t know. But, as they say, prevention begins at home.

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FBI Credit Union Credential Cybersecurity 50

PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation.

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Scams Email Compromise Compromise Wire 65

Seon

JUNE 15, 2023

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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Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Titled "Business Email Compromise (BEC): How does it attack your business and how can you prevent it?"

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Business Email Compromise Scams Email Compromise FBI 70

PYMNTS

MARCH 23, 2020

It’s unclear whether small businesses are eligible for the reimbursement program, though the scam is commonly found targeting small and medium-sized businesses (SMBs) and corporates via business email compromise schemes and other fraudulent tactics.

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Email Compromise Payroll FBI Compromise 71

PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. According to local Kentucky Today reports, $1.5

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B2B Wire Transfer Cybersecurity FBI 89

PYMNTS

JULY 20, 2018

Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on the rise. The total value of funds redirected as a result of a BEC scam has now topped $12 billion, the FBI said, updating previous warnings of the scam and including data up to May 2018.

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Scams Business Email Compromise Email Compromise FBI 43

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 Business Email Compromise. The pandemic has sparked a digital shift of positive changes likely remain in place after the pandemic subsides, but it’s also spawned at least one unwanted thing: a range of new email attacks and scams.

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B2B Phishing Scams Ransomware 116

PYMNTS

OCTOBER 7, 2019

An FBI inquiry into the allegations is centered upon claims of fraudulent spend within SEPTA and misuse of the authority’s procurement cards — a common source of internal fraud for both private and public entities. “VEC is the next evolution of business email compromise. . A New Twist On the BEC Scam.

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Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

JULY 30, 2019

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 breach impacts about 100 million individuals in the United States and around 6 million in Canada.

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Breach Law Enforcement Data Breach Social Security 87

PYMNTS

DECEMBER 8, 2020

According to cybersecurity experts, email scams rise during the holidays, with business email compromise (BEC) an especially concerning scam. According to the FBI, professionals must be "wary" of online job postings that cater to the remote worker, with many of these posts having fraudulent intentions.

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FBI Business Email Compromise Scams Mitigation 71

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. Those replies are then recorded and made available for IT managers to download and review if needed.

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Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

NOVEMBER 21, 2019

They poke and prod, looking for various weaknesses to be exploited on online platforms, in company emails (as in Business Email Compromise, or BEC), through text messages and even the old-fashioned phone call that induces a victim to hurry online and send some money. Internet scammers, by nature, are a resourceful lot.

Scams 87

Scams Checks Romance Scams Email Compromise 87

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. This must be done using the electronic notice forms online.

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Data Breach Breach Law Enforcement Cybersecurity 130

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.

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Governance Government Security Cybersecurity 85

PYMNTS

MARCH 7, 2019

According to a report in Reuters covering the hearing, Sorenson apologized for the hack that compromised the data on 383 million guests in the Starwood hotels reservation system, saying the company has taken steps to protect against any future hacks. It disclosed the breach publicly at the end of November.

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FBI Data Breach Breach Shutdown 52

PYMNTS

FEBRUARY 24, 2020

2,100 corporates were targeted in a widespread business email compromise (BEC) scam recently uncovered by cybersecurity company Agari , the firm revealed last week. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed.

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Business Email Compromise Scams Email Compromise Phishing 65

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. In the first three months of 2024, the average government impersonation scam victim in the U.S. lost $14,000 in cash, totaling more than US$20 million.

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Scams Ransomware Governance Government 98

PYMNTS

OCTOBER 14, 2016

The new group, called Odinaff, is believed to be compromised of 10–20 organizations armed with malware that can hide fraudulent transfer requests in the SWIFT system. The emergence of new possible instances of compromise is not entirely surprising given that banks should now be undertaking rigorous reviews of their environments.

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SWIFT Compromise Cybersecurity Data Breach 75

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Fraudsters also frequently target mobile banking apps, and these types of attacks are also expected to be on the rise in the coming months, according to the FBI.

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Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

JULY 29, 2019

The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A. Capital One stressed that credit card account numbers and log-in credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. Thompson, on a charge of computer fraud and abuse.

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Credit Cards Caps FBI Social Security 46

PYMNTS

JANUARY 13, 2020

Travelex said the malware was kept in check and customer data was not compromised. . Based on Travelex’s extensive internal assessments and the analyses conducted by its expert partners there, is no evidence to suggest that customer data has been compromised,” the company said.

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Ransomware Compromise FBI On-Demand 52

PYMNTS

AUGUST 16, 2019

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 breach impacts about 100 million individuals in the United States and around 6 million in Canada.

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Caps Security Cybersecurity Breach 67

PYMNTS

SEPTEMBER 17, 2018

In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam. The real estate sector is especially at risk, the FBI noted — from 2015 to 2017, the number of real estate transaction incidents increased by more than 1,110 percent. ” The Larger Trends. “We

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Business Email Compromise Email Compromise Scams Compromise 61

PYMNTS

OCTOBER 21, 2018

Earlier in October, the Bloomberg Businessweek story reported that Chinese spies have compromised the U.S. Bloomberg contended in the report that Apple discovered the issue in 2015, ended ties with the vendor and reported the incident to the FBI. The chips provided a backdoor way in for the attackers.

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CHIPS FBI Compromise Governance 74