FBI Issues Warning To Bank Mobile App Users?
PYMNTS
JUNE 12, 2020
As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.
FBI Gears Up To Fight Cybercriminals
PYMNTS
MARCH 31, 2019
The FBI has announced a directive shift away from counterterrorism and toward fighting the increasing threats from cyber attacks, according to a report in The Wall Street Journal. I grew up in the FBI working criminal investigation — I worked violent crimes and gangs and drugs. “I businesses. And then, 9/11 happened.
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Mastercard joins cross-industry cybersecurity talent search
Payments Source
APRIL 9, 2019
Mastercard has joined forces with Microsoft, Workday and the nonprofit Partnership for Public Service to recruit younger prospects to work with the CIA, the FBI, the DoD and the EPA battling global cyberattacks.
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FBI Probing Hack Of US Electricity Providers
PYMNTS
NOVEMBER 25, 2019
The FBI is investigating a hacking campaign that targeted more than a dozen U.S. According to The Wall Street Journal , researchers at a Silicon Valley cybersecurity company discovered the cyberattack attempts. Of the 11 utilities named, none said that they were breached, but about half said they had been warned by the FBI.
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Data Blizzard Hits LA Schools: Students data stolen in Snowflake Hack
VISTA InfoSec
JUNE 27, 2024
LAUSD officials have announced that it has informed the FBI, CISA, and its vendors to investigate the incident further. Meanwhile, the incident serves as a stark reminder of the persistent cybersecurity challenges faced by educational institutions in an increasingly digital age. As the situation unfolds, LAUSD and Snowflake Inc.
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Hackers Hit Cybersecurity Insurance Co Chubb
PYMNTS
MARCH 26, 2020
Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. The FBI has known about the group and its attacks for a while, TechCrunch reported, citing CyberScoop. If a victim doesn’t pay, then the stolen files are published online.
FBI Warns Banks About Widescale ATM Cash-Out Scam
PYMNTS
AUGUST 13, 2018
The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.
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Google, FBI, Cybersecurity Firms Shut Down Online Ad Fraud Scam
PYMNTS
NOVEMBER 28, 2018
Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 The report noted that Google and several cybersecurity firms said the ad fraud scheme was named 3ve because it relies on three sub-operations.
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FBI, BBB Sound Another Business Email Compromise Alarm
PYMNTS
SEPTEMBER 30, 2019
Federal Bureau of Investigation (FBI) was deployed to Kenya to investigate the matter after accounts payable department professionals for Fairfax County, Virginia received an email claiming to be from Dell Computers, requesting that the county reroute pending payments to a different, Ohio-based account.
Responding to cyber security threats in Healthcare: API-First meets Protection-First
Axway
NOVEMBER 2, 2020
The Federal Bureau of Investigation (FBI), Department of Health and Human Services (HHS) and the Cybersecurity and Infrastructure Security Agency (CISA) are warning the healthcare community about an increased and imminent cyber crime threat to U.S. hospitals and healthcare providers.
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Cybersecurity Researchers To Corporates: You’re Being Naïve
PYMNTS
DECEMBER 22, 2016
Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. companies’ cybersecurity measures.
FBI Wants Businesses To Help With Ransomware Probe
PYMNTS
MARCH 29, 2016
As the FBI works to combat a specific type of ransomware virus, it is calling on businesses and software security experts for emergency assistance in its investigation. Over the weekend, Reuters obtained a confidential “Flash” advisory from the FBI: “We need your help!” The FBI’s first report on MSIL/Samas.A
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Cybersecurity is as Much About Culture as Tech
Innovative Payments Association
MAY 20, 2024
When companies think about cybersecurity, their first instinct is to think about what technology they have in place to stop hackers. I have been attending the FBI Citizens Academy at the Bureau’s Cleveland Field Office. It is a program the FBI runs every year to explain its mission to the public.
FBI To Companies: Don’t Pay Cyberattack Ransoms
PYMNTS
MAY 5, 2016
FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Last year, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1 million in losses for victims.
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The B2B Payments Fraud Threat Of Internal Employees
PYMNTS
JANUARY 13, 2020
That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. According to local Kentucky Today reports, $1.5
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What to do if your company suffers a data breach
VISTA InfoSec
JUNE 21, 2023
Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S.
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Experts: US House Examines Legislative Actions To Combat Cybercriminals
PYMNTS
JUNE 16, 2020
Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity. House of Representatives subcommittee on Tuesday (June 16).
The Big Spike In ‘CEO Fraud’
PYMNTS
FEBRUARY 12, 2020
And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77 There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.
US Probes Hack Of Treasury, Commerce Department
PYMNTS
DECEMBER 13, 2020
Reuters quoted a Commerce Department spokesman as having stated: "We have asked the Cybersecurity and Infrastructure Security Agency and the FBI to investigate, and we cannot comment further at this time.". Reuters quoted one unnamed government official as having said: "This is a much bigger story than one single agency.
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Email Scammers Are Targeting B2B Firms In Today’s Work-From-Home Era
PYMNTS
OCTOBER 9, 2020
Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 billion a year — and that seems to be growing. “We We have seen phishing attacks surge since the pandemic started,” Reichel said. What B2B Firms Can Do.
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116 FBI Puts Up $3M Bounty For Wanted Russian Hacker
PYMNTS
MARCH 13, 2017
The FBI announced the most expensive bounty ever for a cybercriminal to help catch Evgeniy M. The New York Times reported that the FBI has been trying to track down Bogachev, and last year the Obama administration even announced sanctions against him for his computer crimes. Bogachev, who was indicted in the U.S.
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Ex-FBI On The Onion Approach To Battling Cyber Criminals
PYMNTS
APRIL 5, 2019
Stacy Arruda, a former special agent with the FBI and now executive director of the state of Florida ISAO on cybersecurity, said that part of the problem is that when it comes to protecting credit unions — and really any financial institution — danger lurks in what they don’t know. The Great Trade-Off.
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2019 To See Increase In Nation-State Cyberattacks, Ransomware
PYMNTS
DECEMBER 26, 2018
founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C.,
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IPA Joins Forces With FBI to Fight Crime in Payments
Innovative Payments Association
OCTOBER 3, 2023
Mentions of Chicago and the FBI might conjure images of men in fedoras with Tommy Guns, but modern crime is much more electronic than it used to be. With that in mind, the IPA recently held a session with the Chicago Field Office of the FBI where agents spoke about the trends in crime and payments.
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Organizations' Fraud Threats Rise This Holiday Season
PYMNTS
DECEMBER 8, 2020
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. According to cybersecurity experts, email scams rise during the holidays, with business email compromise (BEC) an especially concerning scam.
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Radius Bank: Becoming Partners In Crime Prevention Can Help FIs Beat Fraud Rings
PYMNTS
JULY 21, 2020
Fraudsters also frequently target mobile banking apps, and these types of attacks are also expected to be on the rise in the coming months, according to the FBI. The FBI advises smartphone users to download apps only from official app stores and bank websites, as these are pre-screened for malware. billion pounds ($5.2
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FBI Director Warns Device Encryption Debate Just Starting
PYMNTS
MAY 12, 2016
Comey stated that some encryption offerings are actually “affecting the criminal work [of the FBI] in huge ways.” The department resorted to retaining and using an independent contractor since Apple refused to bypass the security (and encryption methods) used in conjunction with the phone.
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CISA, FBI recommend fraud prevention measures ahead of Thanksgiving
The Paypers
NOVEMBER 25, 2021
US-based Cybersecurity and Infrastructure Security Agency and the FBI have warned against ransomware attacks around Thanksgiving holiday and recommend safety measures.
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Vera Bradley Customers Left Holding The Bag After Hack
PYMNTS
OCTOBER 13, 2016
The Fort Wayne-based company said it was alerted by FBI authorities back in September after credit card data — including card numbers, shoppers’ names, expression data and verification codes — from payment processing systems may have been accessed by hackers. Cybersecurity firm FireEye Inc.
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Businesses Re-Evaluate Web Security After Attacks On US Government Sites
PYMNTS
DECEMBER 14, 2020
The FBI is currently investigating the attacks, and the federal Cybersecurity and Infrastructure Security Agency (CISA) issued a warning Sunday about an “active exploitation” that involved SolarWinds ’ Orion Platform software. “We Two Major Attacks In One Week.
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US Hospitals Threatened By Ransomware Attack
PYMNTS
OCTOBER 29, 2020
The FBI , Cybersecurity and Infrastructure Security Agency (CISA) and Department of Health and Human Services (HHS) said in a statement that there is “credible information of an increased and imminent cybercrime threat to U.S. hospitals and healthcare providers.”.
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FBI Pinpoints ‘Ground Zero’ For Supplier Email Scams
PYMNTS
JULY 20, 2016
A new notice from the FBI continues its crackdown of the scheme and pinpoints what reports call “ground zero” for the scam. The FBI has dubbed the Business Email Compromise a “super swindle” due to the value of money already stolen through the scam. billion from unsuspecting companies.
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40 Ipsos, Shred-it Find Employees Are Often The Weak Link Of Corporate Cybersecurity
PYMNTS
JUNE 26, 2018
Cybersecurity is no longer an afterthought for today’s enterprise. Spend is still going up, too, as KPMG ‘s report found a 23 percent increase in the number of professionals prioritizing cybersecurity investments this year compared to last. The tactic relies on employee ignorance, not on system weaknesses, to find success.
91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports
The Fintech Times
FEBRUARY 9, 2024
AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. It explains that there is a lack of strong security solutions which would help detect the exploitation of zero-day vulnerabilities.
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GM To Strengthen Cybersecurity Amid Car Security Reports
PYMNTS
MARCH 23, 2016
Automaker General Motors is using feedback from the public on potential security risks to better understand its vulnerabilities and build up its cybersecurity initiatives. The news comes at a time when the FBI, along with the Department of Transportation and the U.S.
Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One
PYMNTS
NOVEMBER 6, 2017
To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. But obviously, that was not good enough.”.
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Malware Hits Banks By Mimicking Video Conferencing App
PYMNTS
OCTOBER 19, 2020
Ransomware attacks jumped 37 percent last year, with losses up 46 percent, according to FBI statistics. Treasury Office of Terrorism and Financial Intelligence issued an alert about the surge in ransomware attacks.
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Driverless Cars A Threat To National Security
PYMNTS
SEPTEMBER 12, 2016
The hacking of internet-linked devices has been a growing security concern in recent years — car hacking, in particular — and the National Highway Transportation Safety Administration (NHTSA), along with the FBI, announced in March that vehicles were “increasingly vulnerable” to hacking. million Fiat Chrysler automobiles in the U.S.
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Procurement Is Ground Zero For Cybersecurity Protection
PYMNTS
JUNE 23, 2016
It’s no surprise, then, that the cybersecurity market, already worth billions, is slated to hit a $170 billion market value by 2020, according to Forbes. Often, cybersecurity measures involve an intensive process by a third-party provider, which visits a company and scrutinizes the entity to assess its risk.
Cuomo Says Credit Reporting Firms Should Comply With NY’s Cybersecurity Rules
PYMNTS
SEPTEMBER 20, 2017
The state’s cybersecurity regulation took effect on March 1, requiring financial firms to take measures to protect networks and customer data from hackers and to disclose cyberattacks to state regulators. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.
As The FBI Fights Apple, The DOD Schmoozes Silicon Valley
PYMNTS
MARCH 4, 2016
As Apple and the FBI continue to seek appeals to court orders that support one side and sandbag the other, Carter’s conciliatory tone marked a departure from the only stance yet heard from the federal government pressuring SV companies: comply, or else. “No one has, actually.
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40 Malware Attack On National Stores Inc. Exposed Payment Data
PYMNTS
JANUARY 31, 2018
We have been working closely with the FBI, cybersecurity experts and payment card brands to contain the incident and protect our customers’ payment cards,” National Stores Chief Executive Officer Michael Fallas said an announcement last Monday (Jan. as well as the credit card numbers of approximately 209,000 people.
Comey On FBI’s POV On Cybercrime
PYMNTS
MARCH 9, 2017
FBI Director James Comey discussed cybersecurity issues at a Boston College cybersecurity conference this week, highlighting that Americans should let go of their expectations of “absolute privacy.”. You’re stuck with me for about another six and half years, and so I’d love to be invited back again,” he said.
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Fraud Watch: Top Things to Binge Safe at Home
FICO
APRIL 16, 2020
Follow the FBI and Laurent Ponsot, a French vintner, as they unravel this charade. While all will help you and your team build resiliency at your company, check out my recommended sessions on fraud protection, AML and cybersecurity in my recent blog post. Eventually, he begins to unload his massive collection via wine auction houses.
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