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 Robert Holmes, a security professional for Proofpoint Inc.

FBI 41

FBI Wire Wires Email Compromise 41

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. Justice Department, National Security Agency and the White House. The thinking goes that if the U.S. It includes all five branches of the U.S. The U.S.

Governance 85

Governance Government Security Cybersecurity 85

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.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

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

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.

FBI 40

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.

FBI 40

FBI Scams Email Compromise Wires 40

PYMNTS

FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware.

Ransomware 75

Ransomware FBI Law Enforcement Compromise 75

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. One of those charged, Karim Baratov, a 22-year-old Canadian and Kazakh national, was arrested in Canada on Tuesday.

FBI 46

FBI Breach Identity Theft Data Breach 46

PYMNTS

SEPTEMBER 16, 2019

Pioneer Bank, in turn, has pointed to a filing with the Securities and Exchange Commission this week that referenced $19 million in deposit activity that could be linked to “potentially fraudulent activity.”. “It’s basically Cachet’s money used to pay thousands of employees across the country,” Slavkin said.

FBI 69

FBI Direct Deposit Wire Transfer Payroll 69

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. 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.

Caps 67

Caps Security Cybersecurity Breach 67

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. According to the FBI, more than $26 billion in losses linked to BEC were reported between July 2016 and September 2019.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

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.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

OCTOBER 23, 2017

According to a news report in Reuters , in a rare move, the Department of Homeland Security and the Federal Bureau of Investigation (FBI) warned that sophisticated hackers are targeting nuclear, energy, aviation, water and critical manufacturing industries, as well as government entities. The FBI declined to comment.

Security 41

Security FBI Cybersecurity Consumer 41

PYMNTS

NOVEMBER 7, 2019

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

Data Breach 40

Data Breach Breach Security FBI 40

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?"

Business Email Compromise 70

Business Email Compromise Scams Email Compromise FBI 70

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.

Scams 43

Scams Business Email Compromise Email Compromise FBI 43

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.

Scams 65

Scams Email Compromise Compromise Wires 65

PYMNTS

MARCH 23, 2020

Secret Service Department of Homeland Security wrote in a warning published earlier this month. billion in losses were reported to the FBI as a result of hackers targeting Microsoft Office 365 and Google G suite in a slew of business email compromise attacks, Bleeping Computer reported earlier this month.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A.

Credit Cards 46

Credit Cards Caps FBI Social Security 46

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. The company now uses two-factor authentication to keep customer data more secure.

FBI 52

FBI Data Breach Breach Shutdown 52

PYMNTS

JANUARY 13, 2020

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter. The scam reportedly lasted about five years, and the former bookkeeper has now been charged with felony theft.

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

Clearly Payments

MARCH 4, 2024

From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following revelations of accounting fraud, these fraud events serve as stark reminders of the vulnerabilities within payment systems. Over 40 million credit and debit card accounts compromised.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

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

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.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 And “IT departments” asking for passwords to help improve security while everyone works remotely is another, Reichel said. Business Email Compromise. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp.

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . About 140,000 Social Security numbers and 80,000 bank account numbers were compromised. . The FBI has arrested a Seattle area woman, Paige A.

Data Breach 43

Data Breach Breach Law Enforcement Social Security 43

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. The phishing tool uses simulated attacks to test users and tracks how they reply.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

AUGUST 14, 2018

The hack comes as the FBI in the U.S. According to a Krebs on Security report, citing a confidential alert the FBI sent to banks late last week, millions of dollars can be stolen in only a few hours.

Debit Card 40

Debit Card FBI ATM Card Issuer 40

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.

Ransomware 52

Ransomware Compromise FBI On-Demand 52

PYMNTS

JUNE 30, 2019

The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans. Otherwise the public’s trust in the stock market will erode,” said Chris Hacker, Special Agent in Charge of FBI Atlanta.

Data Breach 43

Data Breach FBI Breach Social Security 43

PYMNTS

JUNE 30, 2019

The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans. Otherwise the public’s trust in the stock market will erode,” said Chris Hacker, Special Agent in Charge of FBI Atlanta.

Data Breach 40

Data Breach FBI Breach Social Security 40

PYMNTS

OCTOBER 10, 2018

But just as it was a disruptive force when it emerged in the mid-19th century, today the wire has secured a bit of attention as players like SWIFT move to promote faster, more efficient cross-border transfers. billion via business wire fraud between October 2013 and December 2016, the FBI calculated. Thieves attempted to steal $5.3

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

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.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

JANUARY 21, 2021

Particularly stunning this year was the volume of business email compromise (BEC) attacks, which, according to the FBI, is already a $2 billion-a-year business. What’s more, businesses have also begun to experience whiplash for not prioritizing the security of their customers. Businesses across the U.S.

Email Compromise 72

Email Compromise Business Email Compromise FBI Fraud Prevention 72

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. In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. ” The Larger Trends. “We

Business Email Compromise 61

Business Email Compromise Email Compromise Scams Compromise 61

PYMNTS

MAY 25, 2016

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. The tech giant has rehired Jon Callas, a top security professional, who cofounded many secure communications companies, including Blackphone, PGP Corp.

Encryption 40

Encryption FBI Law Enforcement Compromise 40

PYMNTS

JANUARY 31, 2018

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We 11 may be involved in the breach.

Point-of-Sale (POS) 55

Point-of-Sale (POS) Payments Data Cybersecurity Breach 55