PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

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Phishing Data Breach Breach Fraud Prevention 99

Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

Phishing 102

Phishing Scams Online and Mobile Banking Credential 102

Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. Duties of FIs and PSPs FIs and PSPs must implement several anti-scam measures to prevent unauthorized access and detect phishing threats.

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Phishing Scams Blocks Authorization 122

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. How DocuSign Ices Out Phishing Attacks. Deep Dive: Businesses Struggle With Employee Phishing.

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Phishing Data Breach Breach Scams 64

VISTA InfoSec

MAY 12, 2024

Many cyberattacks specifically target people through phishing and other kinds of social engineering. Implementing 2FA adds an extra layer of security to a POS system by requiring users to prove their credentials through other means such as one-time passwords on other devices or through biometrics.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

The Paypers

JANUARY 15, 2019

(The Paypers) MalwareHunterTeam have discovered a new ransomware that not only encrypts users’ files, but also tries to steal their PayPal credentials with an included phishing page.

Ransomware 28

Ransomware Credential Phishing PayPal 28

PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Clicking on the link directs users to a page that looks like the authentic Microsoft Office 365 login web page and tries to pilfer the recipient’s corporate credentials.

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Phishing Scams IRS Law Enforcement 63

PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. Verizon has estimated that 30 percent of phishing messages are opened by their intended targets.

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Phishing Scams IRS Request for Information 79

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. A crafty hacker could infiltrate accounts secured by flimsy credentials. Kick things off with phishing awareness training. Simplistic credentials are entry points for hackers. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

MARCH 3, 2017

Especially when it comes to phishing schemes, which typically don’t take as much effort but can result in huge payouts. PYMNTS: How have phishing schemes evolved in recent years? PYMNTS: Can you discuss the biggest trends observed in financial phishing, banking malware and Android banking malware?

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Phishing Online and Mobile Banking Credential Security 66

PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

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Phishing Scams Small Business Cybersecurity 40

Fintech Finance

NOVEMBER 6, 2024

Despite the popularity of passwords and OTPs, these traditional verification methods are increasingly vulnerable to online scams like phishing or being intercepted by fraudsters via screen mirroring.

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Visa APACS Transactions Authentication 83

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

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Verification Scams Financial Crimes Phishing 100

Fintech News

AUGUST 19, 2024

The false screen pop up was a ruse to phish for the victim’s internet banking credentials and the abuse of the remote access software allowed scammers to remotely control the victim’s computer to make unauthorized banking transactions. The criminal proceeds generated by this tech-support scam were laundered through Hong Kong.

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Scams Money Laundering Cross-Border Phishing 102

Fintech News

SEPTEMBER 22, 2024

Payment fraud, in which stolen payment credentials are used to make illegal transactions, rose by 9% YoY, signaling heightened financial risks for banks. This typically happens through phishing, credential stuffing, social engineering, or exploiting vulnerabilities in the platform’s security.

Accounts 142

Accounts Scams Bots Account Takeovers 142

Finovate

JANUARY 25, 2024

The phishing-resistant solution also works for manufacturing clean rooms, customer help desks, retail bank branches and other environments deemed too sensitive to allow access to mobile devices. This helps defend against attacks like phishing and vishing that exploit password vulnerabilities.

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Authentication Phishing User Authentication Interoperability 52

PYMNTS

MAY 2, 2016

According to security researchers from PhishLabs , Google Play has a bit of a phishing problem. “These attacks combine traditional, browser-based phishing attacks with the mobile platform in order to create convincing mobile applications,” according to security analyst Joshua Shilko, who works at PhishLabs.

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Phishing Credential Research End User 41

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.

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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.

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Ransomware Authorization Phishing Cybersecurity 88

The Fintech Times

DECEMBER 18, 2023

“A similarly damaging trend is account takeovers (ATOs) where a bad actor gains access and takes over an online account using stolen or hacked credentials. Take company-wide training to identify phishing attacks for example. This, and other methods, will no longer be an acceptable cornerstone of a modern cybersecurity strategy.

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Cybersecurity Ransomware RDC Credential 139

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishers targeting DocuSign are typically after users’ credentials, such as usernames, passwords and other identifying information, according to Heath. Phishing attacks often take one of two forms, Heath explained. Tracking Phishers’ Angles.

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Phishing Credential Best Practices Data Breach 52

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

The Paypers

MAY 16, 2017

(The Paypers) A phishing campaign attempting to steal users’ credentials has been targeting Bank of France ’s customers.

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Phishing Credential 28

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 scam also warns users that if they do not verify their credentials immediately they risk temporary suspension of their accounts.

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Phishing Credential Scams Payments 72

The Fintech Times

SEPTEMBER 21, 2024

This process aims to make it more difficult for scammers to take over a customer’s DT by setting it up on his own device using phished credentials such as an SMS, one-time passwords (OTPs) and/or bank card information.

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Verification Scams Financial Crimes Crime 72

VISTA InfoSec

NOVEMBER 7, 2023

This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities. System verification : The system checks the entered credentials.

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Authentication MFA Cybersecurity Credential 130

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

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

EBizCharge

OCTOBER 25, 2023

Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Social engineering Social engineering can occur when attackers gain access to a system or network by convincing users to provide credentials.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. This could be accidental, or more sophisticated, for example following a mass phishing email campaign. What Is Account Takeover Fraud? There are many paths to successful ATO fraud.

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

JULY 24, 2020

Instead, Instacart said hackers used credential stuffing, a practice in which usernames and passwords stolen from other sites are used to hack into other accounts. “It Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. Instacart , the U.S.

Accounts 75

Accounts Compromise Data Breach Phishing 75

PYMNTS

FEBRUARY 28, 2020

“The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

APRIL 14, 2019

In a statement to reporters, Microsoft said: “We addressed this scheme, which affected a limited subset of consumer accounts, by disabling the compromised credentials and blocking the perpetrators’ access.”. It also appears the bad guys didn’t access login credentials including passwords.

Breach 68

Breach Accounts Credential Compromise 68

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Meanwhile, the debt it forced onto the person whose Social Security information was used to secure the loan.

Account Takeovers 93

Account Takeovers MFA Fraud Detection Credit Cards 93

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Forty-seven percent of respondents said the reason they fell for a phishing scam was simply because they were distracted. In a survey of 1,000 U.K.

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Law Enforcement Scams Phishing B2B 101