Fintech News

APRIL 1, 2024

Payments sector share of overall identity fraud by region H2 2023, Source: Q4 Global Identity Fraud Report, AU10TIX, Mar 2024 Crypto crimes remain rampant The crypto industry is a sector that’s long been a top target for fraudsters and cybercriminals. billion in 2022, a new report by the Federal Bureau of Investigation (FBI) shows.

Ransomware 117

Ransomware Payments Scams Bitcoin 117

PYMNTS

MAY 31, 2016

Last week, the FBI published a report confirming the fact – the data noting that, in 2015, ransomware attacks left businesses and individuals feeling the burn of more than $1.6 In the “2015 Internet Crime Report,” Randall C. Ransomware attacks and threats are said to have accounted for $1,620,814 of that sum, the report stated.

Ransomware 41

Ransomware Crime FBI Security 41

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Ransomware is in there, of course, where a methodology shift is underway — i.e. criminals are less random in their approach and now target specific companies and individuals.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

AUGUST 18, 2016

IT security company Check Point released its in-depth research on the growing threat of Ransomware-as-a-Service (RaaS). It’s estimated that ransomware authors earn $946,000 annually. In the “2015 Internet Crime Report,” Randall C. The remaining money was split amongst other affiliates.

Ransomware 40

Ransomware Crime FBI Bitcoin 40

PYMNTS

DECEMBER 16, 2019

the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found. In the U.S.,

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

FEBRUARY 24, 2020

41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65