PYMNTS

JUNE 9, 2020

Citizen Lab said that Dark Basin’s phishing attempts against #ExxonKnew corresponded with “key events” in the group’s campaign. Such key events occurred shortly before New York’s attorney general filed a lawsuit against ExxonMobil in January 2018.

Correspondent 52

Correspondent Phishing Research Authorization 52

The Fintech Times

FEBRUARY 28, 2024

Aleks Stefanovski, VP for strategy and business operations at Visa “Another barrier is de-risking by correspondent banks. Most cross-border payments are processed on infrastructure provided by correspondent banks. “Over the past decade, the risk appetite at correspondent banks has declined.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 59

PYMNTS

JUNE 27, 2016

Attorney for the Central District of California alleges, was behind a phishing scheme between Nov. 2012 and Sept. That scheme was intended to siphon usernames and passwords to at least 50 iCloud accounts and 72 Gmail accounts.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

PYMNTS

DECEMBER 17, 2019

Spoofed phishing site domains are hosted in Turkey and Romania. Hackers spy on the email correspondents and they then use that data to write emails at strategic times, asking for an invoice payment, which is a sophisticated iteration of the business email compromise (BEC) scam that is “particularly hard to spot,” Agari noted.

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

PYMNTS

APRIL 2, 2019

Spend control isn’t easy — just ask Google and Facebook, which confirmed in 2017 they were among the corporate victims of a widespread phishing attack that tricked businesses into paying fake invoices. The scam wasn’t a one-off job, either. In the world of procurement spend management, data is undoubtedly key.

Email Compromise 59

Email Compromise Scams Correspondent Phishing 59

PYMNTS

JANUARY 24, 2020

Phishing attacks and other cybersecurity threats continue to intensify for companies today, a threat that even a growing economy cannot mitigate. In cybersecurity, for instance, Woloszczuk recommended that SMBs separate their payment systems from the systems they use to conduct email correspondence. Rising Cybersecurity Risks.

Cybersecurity 52

Cybersecurity Economy Small Business Phishing 52

FICO

JANUARY 22, 2021

The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. . Phishing attacks are on the rise during the pandemic. Credit card fraud was the FTC’s second most-reported fraud type in 2019. More fraudulent purchases are being attempted with card numbers stolen in pre-pandemic hacks.

Credit Cards 52

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

PYMNTS

DECEMBER 4, 2019

Malware and phishing scams, supplier and invoice fraud, and sheer negligence have caused B2B payments fraud to surge. Payments can get stuck in the bureaucracy of the traditional correspondent banking system operated by High Street Banks, creating a hidden cost through slower cash flow for SMBs.”.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Scams IBAN 52

PYMNTS

JULY 21, 2020

Fraudsters also want to steal details like the names of consumers and their banks because including such information in phishing texts and emails lends an air of legitimacy to their masquerade, making it harder for consumers to detect the scheme.

P2P 60

P2P Scams Security Account Takeovers 60

FICO

JANUARY 19, 2022

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. The graphs below show the top fraud types reported to the FTC in 2019 and corresponding dollar loss amounts. Phishing attacks are on the rise during the pandemic.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

APRIL 24, 2018

Fraud teams scrutinizing orders made with these details will encounter an actual person with a corresponding digital footprint, which will tip the scale to approve such orders, despite the fact that they are fraudulent. In addition, the fraudster can open new accounts using the name and details collected from the breached account.

Breach 50

Breach Bots Credential Data Breach 50

CB Insights

MAY 3, 2018

Automated laser phishing. Automated laser phishing: the hyper-targeted use of malicious AI to mimic trustworthy entities that compel targets to act in ways they otherwise would not, including the release of secrets. Automated laser phishing: Malicious AI impersonating and manipulating people . Table of contents.

Bots 78

Bots Deepfake Phishing AI 78