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

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. The warnings signal a surge in hacking and phishing attempts, Google said, with cybercriminals using the coronavirus as a backdrop to their tactics.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. Kick things off with phishing awareness training. Outdated software? Also, apply need-to-know restrictions.

Data Security 266

Data Security Security Encryption Cybersecurity 266

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

APRIL 3, 2018

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Separate reports by the Associated Press also pointed to an email phishing scam as the likely culprit. The Canadian company noted it has commenced an investigation.

Phishing 51

Phishing Breach Data Breach Scams 51

PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb. as to which services we use.”

Phishing 58

Phishing PayPal Ransomware Cybersecurity 58

PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Last year, small business accounting company MYOB had its name used by phishing scammers who targeted small businesses. While there are several versions of the email, they all include the Square logo, according to reports.

Phishing 51

Phishing Scams Business Email Compromise Email Compromise 51

VISTA InfoSec

OCTOBER 21, 2024

The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. Common additional authentication factors include biometric scans and one-time passwords, both of which should be considered since they are especially challenging for hackers to spoof.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

PYMNTS

AUGUST 3, 2020

” That includes malware and phishing schemes, extortion, business email compromise and more, sometimes involving demands for cryptocurrency. FinCEN warns that bad actors “are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.”

Fincen 88

Fincen Scams Email Compromise Phishing 88

Fintech News

AUGUST 19, 2024

These scams involved pop-up alerts on victims’ devices, falsely claiming they were compromised by malware. Between January and July 2024, the SPF received 185 reports of technical support scams, resulting in losses exceeding S$ 17.9

Scams 103

Scams Money Laundering Cross-Border Phishing 103

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

VISTA InfoSec

JANUARY 29, 2024

Users are protected against phishing attacks through anti-phishing mechanisms. Its intent is to compromise the confidentiality, integrity, or availability of the owner’s data, applications, or the operating system itself. New requirement to identify and safeguard staff from phishing attacks.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

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 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

Ransomware 89

Ransomware Authorization Phishing Cybersecurity 89

Fintech Finance

OCTOBER 24, 2024

The rise of authentication bypass scams: Looking for a way to get around two-factor authentication, fraudsters are doubling down on one-time-password phishing scams, which allow criminals access to full account funds and information via increasingly convincing texts, emails or phone calls. Although there was an overall decrease of 12.3%

Scams 97

Scams Ransomware Government Governance 97

The Paypers

JULY 26, 2017

(The Paypers) A research report released by Imperva has revealed common patterns in phishing attacks and how hackers find and use data in compromised accounts.

Phishing 28

Phishing Compromise Research Accounts 28

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. 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.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing. Brand Forgery.

B2B 116

B2B Phishing Scams Ransomware 116

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 Scams Debit Card Smishing 98

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In

Accounts 75

Accounts Compromise Data Breach Phishing 75

VISTA InfoSec

OCTOBER 21, 2024

The most common threat that you might already be aware of is phishing scams. Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. From there, they’ll require you to input confidential details.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons.

Phishing 40

Phishing Security Scams Email Compromise 40

PYMNTS

JULY 24, 2020

Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. “We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

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

Payments Source

JUNE 28, 2018

Payments fraud from business email compromise, or BEC, occurs when scammers use phishing tricks and email to fool businesses into making fraudulent payments to perceived suppliers. Experts suggest newer factors are accelerating the trend.

Email Compromise 68

Email Compromise Business Email Compromise Phishing Compromise 68

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. Employees, often regarded as the weakest link in the security chain, can inadvertently become conduits for cyber attacks.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

PYMNTS

JANUARY 3, 2021

Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers. That incident, the company stated at the time, involved some of the same information that was compromised in the latest incident.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

Fintech News

MAY 27, 2024

In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies.

APACS 110

APACS Data Breach FinTech Fraud Prevention 110

PYMNTS

OCTOBER 19, 2018

In general, hackers turn to methods such as social engineering, malware and spear phishing to target digital currency exchanges. The most popular attack vector on corporate networks is spear phishing. In order to accomplish this, the scammers deliver malware.

Phishing 79

Phishing Digital Currency Cryptocurrency Compromise 79

PYMNTS

JANUARY 26, 2021

These employees do not generally willingly collaborate with hackers as inside actors but more often inadvertently surrender their login data through phishing scams. Sometimes it’s our employees making the threat happen, and sometimes it’s a lender compromise scenario,” Nibhanupudi said.

Phishing 70

Phishing Breach Fraud Detection Origination 70

FICO

JUNE 21, 2021

Norway Sees Massive Rise from Phishing Attacks. The Norway attacks centre around large-scale phishing and smishing efforts , designed to introduce a scam which ultimately ends in fraudulent Card Not Present (CNP) transactions. Hungary also made significant progress.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52

PYMNTS

JUNE 8, 2020

FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. percent “less likely to be compromised.”. Fighting Phishing.

Authentication 60

Authentication MFA Phishing Scams 60

The Fintech Times

DECEMBER 22, 2023

These variants are distributed through various channels, including email attachments, compromised websites, and phishing attempts. Cleafy explained that new malware variants often go undetected by traditional security measures, allowing cybercriminals to exploit vulnerabilities and launch attacks that go undetected.

AI 88

AI Cybersecurity Online and Mobile Banking Fraud Prevention 88

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. Phishing attacks have surged in the midst of the pandemic, PYMNTS reported. It was unknown if any ransom had been demanded or paid, teiss wrote.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

PYMNTS

NOVEMBER 25, 2019

The hackers sent phishing emails to the utilities’ employees in an attempt to get malware — dubbed “Lookback” — installed on computers. We never got compromised, and never saw the phishing emails,” he said. Attackers briefly identified intended targets on an exposed server in Hong Kong. “It

FBI 64

FBI Phishing Breach Compromise 64

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishing attacks often take one of two forms, Heath explained. The other major type of phishing email tricks users into downloading an attachment that installs malware on their computers. Knowing Is Half The Battle.

Phishing 52

Phishing Credential Best Practices Data Breach 52