PYMNTS

DECEMBER 8, 2020

That's in part due to the fact that corporates are accelerating their move online, too, to mitigate pandemic-related disruption and meet their customers where they are. As NETSCOUT Area Vice President of Engineering, Threat and Mitigation Products Hardik Modi told PYMNTS, cybersecurity is now top of mind for many of these firms.

FBI 71

FBI Business Email Compromise Scams Mitigation 71

PYMNTS

APRIL 10, 2019

However, instances of the business email compromise scam continued to climb, with 80 percent of companies surveyed reporting they were targeted by a BEC scam, up from 77 percent in 2017. Firms with revenue below $1 billion actually saw a decrease in fraud attempts in 2018, from 73 percent in 2017 to 69 percent last year. ”

AFP 69

AFP Scams Email Compromise ACH 69

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. Meanwhile, the Better Business Bureau said 80 percent of businesses received at least one kind of BEC scam email in 2018.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

SEPTEMBER 14, 2020

Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

JULY 26, 2017

As cyberattackers deploy more aggressive tactics, corporate banking firms have to respond with heightened cybersecurity measures to ensure confidence in the nation’s financial system, the OCC warned. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

JANUARY 23, 2017

New research from the realms of supply chain management, financial services and SMEs uncovers how businesses today are approaching risk mitigation and which threats are instilling the most fear. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Risk 43

Risk AFP Identity Theft Email Compromise 43

PYMNTS

MAY 7, 2018

FIs are kept on their toes to mitigate this risk. In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not. With Same-Day ACH now a reality in the U.S.,

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

PYMNTS

JANUARY 30, 2017

In an age of an unprecedented threat, business leaders need to mitigate risk by developing C-suite strategies and plans for data breach prevention, protection and resolution.”. “With the click of a mouse by a naïve employee, companies lose control over their customer, employee and business data.

Data Security 54

Data Security Government Governance Data Breach 54

CB Insights

JULY 23, 2020

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. Beyond the office: cybersecurity and at-home network security. TABLE OF CONTENTS.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

JUNE 21, 2019

The cyberattack on the city was launched when a member of its police department clicked on an email attachment with an infected link. Canada’s Crypto Case. ” Australia’s SMB Scam Surge. For payments fraud, the land Down Under seems fertile ground, too. In The UK, Too. Separately, as much as 93 percent of SMBs in the U.K.

Government 43

Government Governance Scams Ransomware 43