PYMNTS

OCTOBER 9, 2020

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. We have seen phishing attacks surge since the pandemic started,” Reichel said. Top Four Current Scams. Spear Phishing.

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B2B Phishing Scams Ransomware 116

PYMNTS

FEBRUARY 12, 2020

As for the scams themselves, those varied widely both in terms of tactics and targets. Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. And while the BEC is not the most common form scam, it is a lucrative one.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

VISTA InfoSec

OCTOBER 21, 2024

The most common threat that you might already be aware of is phishing scams. The aim of such scams is to steal sensitive information, from personal to financial data. Common Cybersecurity Threats Even if you’re just a casual internet user, cybersecurity threats can still impact you.

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Cybersecurity Encryption Scams Cryptocurrency 199

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.

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Phishing Wire Transfer Email Compromise Business Email Compromise 67

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.’”.

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Email Compromise FBI Compromise Business Email Compromise 56

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.

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Phishing Breach Data Breach Scams 51

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. Since last January, $987,000 has been lost to BEC scams demanding payment in the form of gift cards , new research out of Singapore has warned.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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Email Compromise Business Email Compromise Compromise Phishing 52

Fintech News

JANUARY 17, 2024

Sophisticated scams dominate the fraud landscape BioCatch’s report uncovers a startling surge in financial cybercrime in Asia-Pacific. With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year.

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Deepfake APACS Scams Authentication 123

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). It showed how the scam uses two new tools, Muraena and NecroBrowser, to potentially trick users into sharing their private credentials.

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Scams Credential Security Phishing 58

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. As the threat of B2B payments fraud persists, PYMNTS looks at the data behind some of the other latest cases of such digital scams.

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Phishing Continuity Data Breach Cybersecurity 59

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.”

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Phishing PayPal Ransomware Cybersecurity 58

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

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Scams Automation Phishing Email Compromise 63

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.

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Compromise Scams Debit Card Smishing 98

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. Additionally, research from Trend Micro found $1 billion total losses worldwide in 2016 due to BEC scams.

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Scams Business Email Compromise Email Compromise Identity Theft 47

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.

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Data Breach Breach Phishing Duplicate 86

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. federal judge ruled in a case against a former executive.

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Business Email Compromise Scams Crime Email Compromise 91

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs. Stronger passwords.

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Data Breach Breach Small Business Business Email Compromise 80

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

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Accounts Compromise Data Breach Phishing 75

PYMNTS

FEBRUARY 3, 2017

A new email scam is making the rounds — this time, cybercriminals are impersonating parcel delivery companies in Australia. Unfortunately for both consumers and the businesses they trust, email phishing scams have become a go-to and very successful attack method for cybercriminals. It’s no wonder hackers just keep phishing.

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Scams Phishing Compromise Ubiquitous 41

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? The phishing campaign targets consumers and also commercial users. The phishing campaign targets consumers and also commercial users. The apps have, cumulatively over 1.5 billion users.

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Phishing Credential Scams Payments 72

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. The report states that these victims mostly lost their money to BEC scams. The report states that these victims mostly lost their money to BEC scams. What Is a Business Email Compromise Attack?

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Email Compromise Compromise Business Email Compromise Risk 52

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). Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5 Tax season is upon U.S.

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Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

MARCH 23, 2020

Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and according to experts , the threat is likely to rise. Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets.

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Email Compromise Payroll FBI Compromise 71

The Payments Association

OCTOBER 28, 2024

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity. million cases recorded.

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Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

MAY 19, 2020

The compromised server contained website and mobile site API logs, thereby exposing all production server information. The risk of phishing and phone scams is also raised by the Natura data leak,” Sen said, according to the report. users who integrated it with their Natura accounts, the report said.

Identity Theft 93

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

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. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal.

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

OCTOBER 7, 2020

However, in the past month alone, PYMNTS Bitcoin Daily has reported on nearly a dozen different scams and schemes involving bitcoin or other cybercurrencies. The Pandemic Is Making Scams Worse . For example, the U.S. Commodity Futures Trading Commission recently filed a complaint in a Texas U.S.

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Bitcoin Consumer Scams Cryptocurrency 93

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.

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Phishing Security Scams Email Compromise 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. Money On The (Cybercriminal) Brain.

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Phishing Ransomware EMV CHIPS 45

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.

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Phishing Breach Fraud Detection Origination 70

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.

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Authentication MFA Phishing Scams 60

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.

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Phishing Compromise Accounts AI 99

PYMNTS

JULY 15, 2020

Gemini Co-Founder Cameron Winklevoss tweeted out an explanation: “ALL MAJOR CRYPTO TWITTER ACCOUNTS HAVE BEEN COMPROMISED,” CNBC reported. At Seattle Children’s Hospital, the amount of attacks doubled, involving phishing emails with malicious links allowing hacking to occur.

Accounts 56

Accounts Scams Phishing Bitcoin 56

Fintech Finance

NOVEMBER 6, 2024

Tighter Security: By offering biometric authentication, payment passkeys eliminate the risk of passwords being stolen or compromised, protecting shoppers from fraud and scams. More Sales: Merchants reduce cases of cart abandonment as they make customer transactions faster, easier and more reliable.

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Visa APACS Transactions Authentication 98

CoinRemitter

MAY 20, 2024

According to Business Standards, the losses due to crypto scams grew 54% in 2023. These wallets were connected to terror financing, scams, and sanctions violations. This blog will look at some essential strategies to secure your cryptocurrency wallets against hacks, scams, or any attacks. Instead, consider cold storage.

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Scams Cryptocurrency Security Phishing 40

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. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1

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Business Email Compromise Ransomware Payee Overlay Service 69