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.

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

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.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

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.

FBI 58

FBI ATM Scams Third Party Vendors 58

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.

FBI 31

FBI Fraud Prevention Ransomware Cybersecurity 31

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.

Visa 108

Visa Cybersecurity FBI Credit Cards 108

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.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

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

FBI 45

FBI Ransomware Encryption Cybersecurity 45

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.

FBI 96

FBI Security Crime Cybersecurity 96

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.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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.

FBI 41

FBI Law Enforcement Crime Authorization 41

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.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

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.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

MARCH 16, 2017

During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period. From there, hackers gained access to Yahoo’s internal networks, and the rest has gone down in cybersecurity history.

FBI 46

FBI Breach Identity Theft Data Breach 46

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.”.

Ransomware 56

Ransomware FBI Cybersecurity Credential 56

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

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

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).

Cybersecurity 90

Cybersecurity Money Laundering Treasury FBI 90

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.

FBI 40

FBI Encryption Privacy Legal 40

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

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

Center for Payments

NOVEMBER 21, 2023

The FBI works to raise awareness of the types of scams that are common around the holidays and how you can protect yourself and your customers or members. The FBI reports, “Charity scam solicitations may come through cold calls, email campaigns, crowdfunding platforms, or fake social media accounts and websites.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

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.

Cybersecurity 43

Cybersecurity Data Breach Breach Email Compromise 43

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.

FBI 40

FBI Scams Email Compromise Wires 40

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.

Cybersecurity 40

Cybersecurity Rules Breach Data Breach 40

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.,

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

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.

Cybersecurity 40

Cybersecurity Security FBI Wire 40

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.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

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.

Cybersecurity 40

Cybersecurity Assessments Data Breach Breach 40

The Fintech Times

JUNE 21, 2024

Olugbenga “GB’ Agboola, founder and CEO of Flutterwave Olugbenga Agboola, CEO of Flutterwave, reiterated the company’s dedication, stating: “As the largest payments infrastructure company in Africa, we are committed to promoting secure and safe transactions.

Crime 64

Crime Research Financial Crimes FBI 64

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.

B2B 116

B2B Phishing Scams Ransomware 116

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.

Governance 85

Governance Government Security Cybersecurity 85

PYMNTS

OCTOBER 23, 2017

According to a news report in Reuters , in a rare move, the Department of Homeland Security and the Federal Bureau of Investigation (FBI) warned that sophisticated hackers are targeting nuclear, energy, aviation, water and critical manufacturing industries, as well as government entities. The FBI declined to comment.

Security 41

Security FBI Cybersecurity Consumer 41

PYMNTS

AUGUST 16, 2019

According to a report in The Wall Street Journal , sources said that employees sent a warning to Capital One about high turnover in its cybersecurity unit as well as the failure to install some software to help spot and defend against hacks. We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman.

Caps 67

Caps Security Cybersecurity Breach 67

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.

FBI 40

FBI Consulting Laws CHIPS 40

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.

FBI 44

FBI Encryption Cybersecurity Privacy 44

PYMNTS

JANUARY 31, 2020

The FBI says it has been monitoring eSkimming for almost seven years. Herb Stapleton, section chief for the FBI’s cyber division, said per CNBC, “If you are a company that has a heavy volume of credit card numbers being inputted into your website, at that point, you’re probably at a higher risk. s Ticketmaster site in June 2018.

FBI 52

FBI Crime Cybersecurity Data Breach 52

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.

Point-of-Sale (POS) 55

Point-of-Sale (POS) Payments Data Cybersecurity Breach 55

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.

FBI 69

FBI Cybersecurity Credit Cards Verification 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. According to the FBI, more than $26 billion in losses linked to BEC were reported between July 2016 and September 2019.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44