PYMNTS

SEPTEMBER 11, 2018

According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised. RiskIQ, the security firm, told outlets on Tuesday (Sept.

Research 74

Research Data Breach Breach Credit Cards 74

The Fintech Times

NOVEMBER 26, 2024

Cybercriminals are increasingly turning to freelance penetration testers to improve the effectiveness of ransomware attacks and to find new avenues for intrusion, according to new research from IT consultancy firm Northdoor. But now, cybercriminals are using this service against the very organisations it was created to help protect.

Ransomware 63

Ransomware Consulting Cybersecurity Compromise 63

The Paypers

SEPTEMBER 27, 2024

Cloud-native core banking platform provider 10x Banking has published the findings of its new Core Banking without Compromise research report.

Compromise 36

Compromise Research 36

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. Its research reveals that 78 per cent use their smartphones for mobile banking, 85 per cent for accessing email, 71 per cent for managing social media and 51 per cent.

Identity Theft 58

Identity Theft Consumer Online and Mobile Banking Monetary Loss 58

PYMNTS

APRIL 5, 2018

Meanwhile, Delta Air Lines told Reuters that it was a small number of customers that had their data exposed in the compromise. Sears and Delta are the latest retailers or consumer-facing companies that disclosed compromises in recent weeks. The hack happened on or around Sept. 26, 2017, and was identified and resolved on Oct.

Compromise 44

Compromise Breach AI Data Breach 44

PYMNTS

APRIL 16, 2018

hospitals on a research project. After the Cambridge Analytica data scandal raised privacy concerns, Facebook reportedly tabled a proposal to work with multiple U.S.

Research 40

Research Compromise Adjustments Privacy 40

PYMNTS

NOVEMBER 26, 2018

A new report suggested a surprising correlation between executives’ accounting expertise and the risk of those misstatements, and researchers said the findings could be key to auditors , financial regulators and corporate directors. ” Below, PYMNTS breaks down some of the key data points from the research. .

Compromise 51

Compromise Accounts Audit Risk 51

PYMNTS

JUNE 7, 2016

The vulnerability was discovered in Outlander’s Wi-Fi module, which can be manipulated to turn off the SUV’s alarm system, compromise car settings and drain its battery, according to the cybersecurity team at PenTestPartners. From there, they were able to compromise the car’s system through its onboard diagnostics port.

Research 41

Research Compromise Cybersecurity Security 41

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. . There are many theories, according to a report from Reuters , but few definitive answers.

Research 40

Research Phishing Cybersecurity Bitcoin 40

The Fintech Times

JUNE 3, 2024

Using an organisation as an unwitting Trojan Horse is far easier than directly compromising a major company with a fully staffed Security Operations Center and several layers of security controls. Adversaries increasingly target smaller vendors to bypass robust and well-funded cybersecurity programmes.

Third Party Vendors 110

Third Party Vendors Cybersecurity Breach Risk Management 110

PYMNTS

MARCH 18, 2016

Still, researchers found, paper checks remain the most common form of payment, with 83 percent of suppliers reporting that they have been paid this way. The name of the game in the FinTech world today, at least when it comes to corporate payments, seems to be compromise.

Compromise 40

Compromise B2B ACH Commercial Card 40

The Fintech Times

OCTOBER 18, 2024

Cyber risks : This risk includes threats such as hardware and software failures, spam, viruses, malicious attacks, and other IT-related issues that can compromise a company’s digital infrastructure. Financial risks : The risk of losing money on investments or business projects, which can threaten a company’s financial stability.

Risk 107

Risk FinTech Risk Management Cybersecurity 107

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Business email compromise scams spiked 15 percent during the period, too, with researchers finding that BEC attacks increased across 75 percent of the industries surveyed.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96

The Fintech Times

JUNE 26, 2024

This allows it to evade anti-tampering mechanisms and remain hidden while compromising app security. New direction “As concerning as Snowblind is, what stands out even more from our analysis is the underlying seccomp-based technique it employs,” said Benjamin Adolphi , head of security research at Promon.

Security 110

Security Cybersecurity Credential Compromise 110

PYMNTS

AUGUST 30, 2017

New research from Intercede, conducted by Vanson Bourne, finds that security passwords’ lack of reliability in defending against a cyberattack is far from a problem only for individual consumers. In today’s age of the hack, when compromised passwords are the root of the vast majority of security breaches, U.K.

Research 41

Research Compromise Cybersecurity Security 41

PYMNTS

JANUARY 23, 2017

Greg Linares, an information security researcher, told TechCrunch the Android version of Meitu can access information about what other apps are running, the location of the user, the unique device identifier numbers, call information, carrier details and Wi-Fi connections.

Compromise 40

Compromise Security Privacy Research 40

PYMNTS

OCTOBER 7, 2019

Separately, researchers at Agari are warning of Silent Starling, the newest cybercriminal ring using a Vendor Email Compromise (VEC) scam to steal company cash from supply chains. “VEC is the next evolution of business email compromise. . “VEC is the next evolution of business email compromise.

Scams 62

Scams Email Compromise B2B Business Email Compromise 62

PYMNTS

DECEMBER 28, 2020

In a recent announcement, Nacha said that a survey it conducted in collaboration with Blueflame Consulting and Research revealed the accounts payable department's growing exposure to fraud risks, the result of challenges in maintaining and verifying data, vendor on-boarding, and other manual tasks.

B2B 116

B2B Email Compromise NACHA Small Business 116

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. Fraud Trends.

Scams 65

Scams Email Compromise Compromise Wire 65

The Fintech Times

NOVEMBER 8, 2024

In its research , titled Banking on AI: A Leader’s Guide to Customer Engagement Excellence in Banking , CleverTap uncovered how AI can be leveraged to address modern banking challenges. The research covers the nuances for retail banks, neo-banks, and specialised banks, providing insights across the four core pillars.

AI 63

AI On-Demand Compromise Automation 63

PYMNTS

SEPTEMBER 27, 2020

About 70 percent of the 500 companies surveyed said that they expected remote working during the pandemic to increase the cost of a breach; four-fifths told researchers said they expected it will take longer to notice and secure a breach. IBM reported the average cost of a single breach for a business is nearly $4 million, according to FT.

Security 129

Security Cybersecurity Breach Crime 129

PYMNTS

NOVEMBER 19, 2019

The website was compromised in early October, and a malicious script was added to the My Wallet and Checkout pages, Bleeping Computer reported. That kind of compromise, which is known as a Magecart attack, involves hackers compromising a website so they can put malicious JavaScript scripts into different sections of the site.

Compromise 58

Compromise Data Breach Credit Cards Breach 58

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

Fintech Finance

OCTOBER 24, 2024

While many of the scams highlighted in the report target consumers, the research contains key takeaways for financial institutions and merchants as well. Recently, Visa has noted a marked delay in when cybercriminals choose to cashout compromised accounts, hoping to evade detection after initial provisioning fraud.

Scams 88

Scams Ransomware Government Governance 88

PYMNTS

APRIL 26, 2019

A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations.

P2P 75

P2P Security Compromise Credential 75

Fintech Review

NOVEMBER 6, 2024

I can contribute to creating industry standards and best practices that align with regulatory expectations without compromising on the decentralized ethos of DeFi.” “By proactively engaging with policymakers, I can help educate them on the benefits of DeFi and advocate for frameworks that encourage innovation while protecting consumers.

Compliance 52

Compliance Financial Crimes Regulatory Compliance Crime 52

PYMNTS

SEPTEMBER 15, 2016

The patent covers methods and systems to map risks arising from credentials, especially privileged credentials, present on machines in the network that, once compromised, enable attackers to access and compromise other machines in the network.

Risk 68

Risk Security Technology Credential 68

PYMNTS

OCTOBER 27, 2016

. “By replacing possibly compromised cards preemptively, banks and shops can save an amount in the triple-digit million (Danish crowns) range, which they could suffer in losses from trades made with stolen credit card information,” the company said in a statement. Jyske Bank has already said it will block and replace 7,000 cards.

Data Breach 75

Data Breach Breach Law Enforcement Compromise 75

Fintech News

DECEMBER 13, 2023

There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the previous year, according to research conducted by blockchain intelligence company TRM Labs. billion, less than half of the nearly US$ 4 billion lost to crypto hacks in 2022.

Volume 94

Volume Law Enforcement Breach Cryptocurrency 94

PYMNTS

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. In the cases in which GoDaddy was involved, security professionals had to clean up, on average, 110 compromised files per hack.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

DECEMBER 18, 2017

judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam. Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

APRIL 13, 2020

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud.

Business Email Compromise 63

Business Email Compromise Email Compromise Scams Law Enforcement 63

The Fintech Times

MAY 25, 2024

Created in 2023, Aizle has grown from a small research initiative employing two data scientists to a 15-strong division with enterprise clients including NatWest Group , Financial Conduct Authority (FCA), TISA and the Department for Business and Trade.

AI 63

AI Privacy Regulations Innovation 63

PYMNTS

OCTOBER 3, 2016

According to new data released by RAND researchers, consumers whose personal data has been compromised generally don’t feel much in the way of dissatisfaction over it — 77 percent of notified victims reported being content with how the company handled the breach and its follow-up notification. Why do customers stay or go?

Consumer 74

Consumer Breach Compromise Research 74

PYMNTS

JUNE 22, 2020

1 in 10 small businesses are able to cover more than 50 percent of fraud losses , the latest research from Bottomline Technologies revealed in its Bottomline 2020 Business Payments Barometer report. ” Coronavirus-related scams are on the rise, too, researchers found. The company found that 58 percent of U.K. ” $1.4

Checks 79

Checks Risk Business Email Compromise Email Compromise 79

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. Additional Attacks Putting the Enterprise at Risk.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

NOVEMBER 18, 2019

In Ireland, police are sounding the alarm on the threat of B2B payments fraud after multiple businesses lost hundreds of thousands of dollars to business email compromise (BEC) scams. Hassold provided a public comment on the vendor email compromise scam. Meanwhile, in the U.K.,

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51