PYMNTS

MAY 17, 2017

The WannaCry malware that spread globally over the past weekend has cybersecurity researchers puzzled on a number of levels. The main question on researchers’ minds is how exactly WannaCry spread. The main question on researchers’ minds is how exactly WannaCry spread.

Research 40

Research Phishing Cybersecurity Bitcoin 40

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. Research and Markets wrote. “In

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

NOVEMBER 25, 2019

According to The Wall Street Journal , researchers at a Silicon Valley cybersecurity company discovered the cyberattack attempts. The hackers sent phishing emails to the utilities’ employees in an attempt to get malware — dubbed “Lookback” — installed on computers.

FBI 64

FBI Phishing Breach Compromise 64

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). According to the latest research from Bottomline Technologies, businesses said the fraud threat is on the rise.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. ” Beazley researchers found that the mean for ransomware attack demands was $10,310, though one incident saw a demand for $8.5

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

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

MAY 8, 2019

Amazon said the hackers compromised about 100 seller accounts, taking cash from either loans or sales and putting it into their own accounts. A spokesperson for Amazon said criminals can target sellers with phishing emails asking for personal information. The attacks occurred between May and October of 2018.

Phishing 99

Phishing Compromise Accounts AI 99

PYMNTS

FEBRUARY 20, 2020

The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy. ” However, the research showed that CFOs aren’t always the ones behind fraud, and are sometimes pressured to take part.

Romance Scams 56

Romance Scams Email Compromise Business Email Compromise Phishing 56

PYMNTS

SEPTEMBER 8, 2020

80,000 is now the average amount phishers demand from their business email compromise targets , according to new research from the Anti-Phishing Working Group (APWG) in its second-quarter 2020 Phishing Activity Trends Report. million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

MAY 19, 2020

Anurag Sen, a researcher at SafetyDetective, discovered two unprotected Amazon-hosted servers last month which belong to Natura and consisted of more than 192 million records. The compromised server contained website and mobile site API logs, thereby exposing all production server information. Natura & Co.

Identity Theft 93

Identity Theft Payment APIs and Integration Payment-Related Information Phishing 93

PYMNTS

MARCH 1, 2017

Research released only days ago from Centrify found that two-thirds of surveyed companies have experienced at least five security breaches in the past two years, while separate analysis from the Identify Theft Resource Center and CyberScout have pegged 2016 as a record year for cyberattacks in the U.S.

Cybersecurity 48

Cybersecurity Phishing Email Compromise Breach 48

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions. PYMNTS breaks down the numbers behind the latest cases below.

Business Email Compromise 91

Business Email Compromise Scams Crime Email Compromise 91

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 118

Deepfake APACS Scams Authentication 118

PYMNTS

DECEMBER 11, 2019

Kaspersky researchers studied 174 municipal institutions and their 3,000 subset organizations that were targeted in 2019. In addition, once a city has been attacked, the whole infrastructure is compromised and requires an incident investigation and a thorough audit. It spreads by phishing and as an attachment on a financial document.

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

The Fintech Times

JUNE 20, 2024

From ransomware attacks and phishing schemes, to account takeovers and distributed denial of service (DDoS) attacks, all these threats can result in serious operational disruptions and loss of customer trust, incurring costly remediation. However, data breaches constitute only one facet of the risks confronting firms.

Risk 57

Risk Cybersecurity Data Breach Ransomware 57

PYMNTS

MAY 1, 2017

Phishing attacks can happen to even the most vigilant among us. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam.

Scams 47

Scams Business Email Compromise Email Compromise Identity Theft 47

PYMNTS

AUGUST 8, 2018

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. Findings of the Zimperium research corroborate with those of new survey conducted by EY and the Institute of International Finance.

Mobile Banking 109

Mobile Banking Online and Mobile Banking Identity Theft Credential 109

PYMNTS

DECEMBER 14, 2020

The attacker’s post-compromise activity leverages multiple techniques to evade detection and obscure their activity, but these efforts also offer some opportunities for detection,” FireEye said, adding that the campaign was widespread and “affecting public and private organizations around the world.”.

Government 85

Government Governance Security Cybersecurity 85

PYMNTS

JANUARY 29, 2019

The latest research from Cisco on the topic suggests executives may want to loosen the purse strings when it comes to cybersecurity investment, because the spend is paying off — including in ways beyond regulatory compliance. Less than half of IT professionals in the U.S.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

PYMNTS

FEBRUARY 3, 2017

Craig McDonald, CEO of MailGuard , joined this week’s Hacker Tracker to provide some insight into how fraudsters perpetrate phishing email scams and how trusted brands can prevent their name from being dragged through the cyber mud. It’s no wonder hackers just keep phishing. Making Consumer Trust Pay Off.

Scams 41

Scams Phishing Compromise Ubiquitous 41

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. The publication, citing Agari research, warned that the tactic makes BEC scammers’ messages all the more convincing. Other attacks hit small businesses with demands as low as $1,500, researchers found. million, thanks to a phishing scam.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

NOVEMBER 2, 2016

According to a report , research suggests the U.K. is a particular target for data breaches that involve compromised employee account data. government is reportedly gearing up to spend close to £2 billion over the course of the next five years to fight the growing number of cyberattacks in the country. million cases of cybercrime.

Cybersecurity 68

Cybersecurity Data Breach Phishing Compromise 68

PYMNTS

NOVEMBER 22, 2016

These apps can trick unsuspecting consumers into downloading malware and compromising their login credentials and credit card information. According to the research study, cybercriminals leverage five of the leading eCommerce brands to exploit consumers doing Black Friday shopping across mobile and web. “The

Phishing 68

Phishing Credential Compromise Risk Management 68

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

AUGUST 7, 2020

The research also noted a 40 percent increase compared to February in the number of blocked attempts to guide users to phishing websites for one of the most-visited gaming platforms. . Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months.

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

MARCH 21, 2019

As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. The Agari research found that the BEC scams play out similarly to gift card scams. The research showed that each BEC scam yields, on average, $177,000 in Singapore dollars. phone number.

Business Email Compromise 45

Business Email Compromise Scams Email Compromise Cross-Border 45

The Fintech Times

DECEMBER 11, 2023

“The potential for more realistic phishing attacks and the spread of disinformation, leveraging AI’s ability to mimic different personas convincingly, will be a part of this. This habit has made two-thirds of the population vulnerable to security breaches, as a single compromised password can jeopardise multiple accounts.

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139

PYMNTS

DECEMBER 4, 2018

The Financial Times , citing cyber threat detection company Agari, reported the group, which goes by the name London Blue, is focusing on the business email compromise scam. It is pure social engineering,” Crane Hassold, senior director of threat research at Agari, told the Financial Times. or the U.S.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

FICO

JANUARY 22, 2021

billion in 2019, according to Javelin Research. Phishing attacks are on the rise during the pandemic. FICO® Falcon® Compromise Manager identifies compromised merchants, the time window during which payment card information is stolen, and the cards that are at risk. Note the dramatically higher number here; $16.9

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

FEBRUARY 10, 2017

But Cagnoni noted that while a shimmer attack can be successful, it requires a lot of manual work, making its effectiveness limited by the number of actual users of the compromised POS or ATM. The research showed that during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

DECEMBER 8, 2020

According to cybersecurity experts, email scams rise during the holidays, with business email compromise (BEC) an especially concerning scam. charities say they have been the victim of a cyberattack during the pandemic, a survey from Ecclesiastical Insurance found, with phishing attacks the most common scam seen. Finding The Culprit.

FBI 71

FBI Business Email Compromise Scams Mitigation 71

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

MAY 12, 2017

. …………… Here are other top cybersecurity stories that made headlines this past week: One Million Gmail Users Affected By Google Docs Phishing Scam. percent of total users) were affected by an email phishing scam. Late last week, approximately one million Gmail users (or about 0.1 billion across organizations.

Business Email Compromise 51

Business Email Compromise Phishing ATM FBI 51

PYMNTS

MAY 30, 2018

To get access to the email accounts, the hacker used spear phishing attacks and fake emails to trick people into providing sensitive information. Initially, Yahoo announced that 1 billion accounts had been compromised. He was also hit with a $250,000 fine, noted Bloomberg. citing the indictment. Yahoo is notifying users.

Identity Theft 44

Identity Theft Breach Phishing Scams 44