Remove Cybersecurity Remove Data Breach Remove Smishing
article thumbnail

How Fraudsters Create New Schemes With Social Engineering

PYMNTS

Vishing” and “smishing” are two phishing variants that have become more popular as QSR employees and consumers grow wise to the suspicious emails associated with phishing. These schemes rely on other means of communication: telephone calls for vishing and text messages for smishing. com” flagged. .

article thumbnail

The Big Spike In ‘CEO Fraud’

PYMNTS

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

article thumbnail

Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

The following Deep Dive explores the rise of certain fraud attacks and details how data analytics and advanced learning tools such as machine learning (ML) can help CUs safeguard their platforms and customers against potential threats. Rise in Phishing Attacks and Data Breaches. Some 1,473 breaches revealed 164.7