PYMNTS

NOVEMBER 7, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. About five years ago, the company started moving its data to the cloud. The alleged hacker, Paige Thompson , was a former employee of Amazon Web Services, which hosted the Capital One database that was breached.

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PYMNTS

JULY 30, 2019

The documents said Thompson accessed the data through a “misconfiguration” of a firewall on a web application. . Capital One revealed the massive data breach in a news release on July 29, 2019. The hack is expected to cost the company between $100 million and $150 million in the near term.

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PYMNTS

MARCH 7, 2019

Marriott International Chief Executive Arne Sorenson appeared before a Senate subcommittee Thursday (March 7) to discuss the data breach of the Starwood Hotels reservation system, saying he doesn’t know if China was behind it. It disclosed the breach publicly at the end of November.

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PYMNTS

DECEMBER 26, 2018

companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” A 2017 Annual Cybersecurity Report (ACR) from Cisco found companies that suffer a data breach could have customer, opportunity and revenue losses exceeding 20 percent.

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

PYMNTS

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. According to forthcoming data from the FBI, 2015 saw 2,453 reported ransomware incidents. million total.

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PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

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Data Breach FBI Breach Social Security 43

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The hack is expected to cost the company between $100 million and $150 million in the near term.

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Caps Security Cybersecurity Breach 67

PYMNTS

JULY 31, 2019

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On The data breach affected more than 100 million people, and the alleged perpetrator was quickly arrested. . Reuters reported.

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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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Treasury Request for Comment FBI Government 108

PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

Data Breach 40

Data Breach FBI Breach Social Security 40

PYMNTS

SEPTEMBER 24, 2018

billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Data breaches include the unwanted release or unauthorized use of company or customer records. All told, U.S. businesses and consumers lost more than $1.4 How Cybercrime Happens.

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PYMNTS

AUGUST 1, 2019

The British company knew of the data breach around November 2018, but only now went public with the details, a person familiar with the matter told WSJ. The cyberattack was reported to Pearson by the FBI in March. The data breach mostly affected students in the U.S., She formerly worked for Amazon Web Services.

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Breach Data Breach FBI Settlement 43

PYMNTS

MAY 13, 2019

About $680 million in losses was posted by Equifax in its Q1 earnings report related to its data breach , with that figure including estimated losses related to a class action suit and regulatory investigations. Thirty-four percent of cyberattacks analyzed by Verizon stemmed from within an organization.

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Cross-Border Data Breach Ransomware Breach 51

PYMNTS

APRIL 30, 2019

In a letter to California’s attorney general, the virtualization and security software creator revealed the hackers had “intermittent access” to its internal network from October 13, 2018 until March 8, 2019, two days after the FBI alerted the company that it had been breached.

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FBI Breach Data Breach Social Security 46

PYMNTS

SEPTEMBER 22, 2020

Shopify fired the employees in question, and the company has begun working with the FBI in order to investigate the "criminal acts.”. Shopify described the two members as "rogue" in a company blog post , which made note that less than 200 merchants were affected.

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Consumer FBI Breach Addressing 95

PYMNTS

FEBRUARY 10, 2020

10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. The Equifax cyberattack exposed the financial data of almost 150 million Americans and British and Canadian nationals.

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Breach Data Breach FBI Social Security 53

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Kevin Zosiak, who lives in Stamford, Connecticut, and whose personal information was compromised in the breach, filed the suit in federal court in Washington, D.C.,

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Data Breach Breach Law Enforcement Social Security 43

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.

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FBI Crime Cybersecurity Data Breach 52

PYMNTS

MAY 14, 2019

Equifax went to the Federal Bureau of Investigation (FBI) and the Central Intelligence Agency (CIA), and the company even began looking into a way to monitor the computer activity of its Chinese employees. That project, however, was abandoned due to legal concerns.

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Compromise Accounts FBI Law Enforcement 65

PYMNTS

OCTOBER 14, 2016

The payment system of handbag company Vera Bradley may have been compromised by a massive data breach last month. 15 by the FBI that a “potential data security issue” was discovered in its retail network, spokeswoman Julia Bentley told Reuters. Hackers Get Fashionable.

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SWIFT Compromise Cybersecurity Data Breach 75

PYMNTS

JUNE 26, 2018

High-profile data breaches and attacks have catapulted cybersecurity to the top of executives’ priority lists, and investments in cybersecurity solutions are soaring: The 2018 Harvey Nash/KPMG CIO Survey found businesses surveyed spend a combined $46 billion on cybersecurity every year. ”

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Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

SEPTEMBER 17, 2018

Over the last 10 to 15 years, the CIS has gathered data about the controls that would significantly reduce the likelihood of a data breach, if implemented. The real estate sector is especially at risk, the FBI noted — from 2015 to 2017, the number of real estate transaction incidents increased by more than 1,110 percent.

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Business Email Compromise Email Compromise Scams Compromise 61

PYMNTS

MAY 28, 2019

The FBI’s Internet Crime Complaint Center (IC3) said in a report, for instance, that online fraud, theft and exploitation led to $2.7 The FBI notes that IC3 took in 351,936 complaints last year, with a daily average of more than 900. Just under $3 billion – or $2.7 billion – of funds were lost to card fraud in 2018, up from $1.4

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FBI Crime Mobile Payments Data Breach 63

PYMNTS

MARCH 18, 2019

As the payroll function deepens its data-sharing capabilities, corporates must pay attention to the risks of employee and employer data security, as well as the threat of payroll fraud. “Education is the number-one way employers can protect their payroll data.” ” he said. ” he said. ”

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Payroll API Payment APIs and Integration Data Breach 64

PYMNTS

DECEMBER 22, 2016

Mismanaged paperwork can also be an issue, with 45 percent of ethics and compliance professionals surveyed by the Society for Corporate Compliance and Ethics and by the Health Care Compliance Association noting that lost paper files were to blame for their data breaches.

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Cybersecurity Research Phishing Breach 68

PYMNTS

MAY 12, 2017

This consumer concern translates to a decrease in confidence in large organizations—which is then exacerbated by data breaches and other security events. FBI Sees Wire Fraud Via Email Grow In 2016. told Reuters that the FBI report covered just 20 percent of the total and that the losses could be double.

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Business Email Compromise ATM Phishing FBI 51

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Estimated financial losses exceeding $200 million.

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Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors.

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Identity Theft AI FBI Data Breach 66

PYMNTS

JULY 14, 2017

Department of Homeland Security and the FBI had issued an alert to industrial firms regarding a hacking campaign that targeted nuclear, power and critical infrastructure sectors. Comparitech.com reported that companies that experience a data breach feel the repercussions in stock prices for years to follow. Ready: U.S.

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Data Breach Breach FBI Ransomware 47

PYMNTS

OCTOBER 31, 2019

We’re dealing with the most sophisticated cyber actors in the world,” FBI Special Agent in Charge John F. Their willingness to speedily report intrusions to our investigators allows us to find and arrest those who commit data breaches.”. Bennett said in a statement. “In Uber declined to comment on the court case.

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Data Breach Breach FBI On-Demand 40

PYMNTS

SEPTEMBER 20, 2017

New York isn’t the only state to respond to the Equifax breach , which compromised the personal data of about 143 million consumers. Attorney’s office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information.

Cybersecurity 40

Cybersecurity Breach Rules Data Breach 40

PYMNTS

SEPTEMBER 22, 2017

Members of Congress are getting ready to grill Equifax CEO Richard Smith, who is set to testify about his company’s massive data breach that impacted as many as 143 million Americans. Attorney’s office in Atlanta is working with the FBI on a criminal investigation into the breach. House of Representatives on Oct.

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UDAAP CFPB Federal Trade Commission Breach 46

Seon

JUNE 15, 2023

Accordingly, BEC is not just limited to account takeovers and identity theft, but can also be a means for fraudsters to become imposters looking to subject the target company to further data breaches. As such, there are many examples of how BEC can be carried out. Let’s take a look at some of the key ones.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

APRIL 18, 2016

To start: A new report from the FBI about cyber attack costs, updates about Ant Financial’s IPO path, discussions about who is going to be on the $20, pressure on the IRS chief, and another cross-border payments move for MasterCard. So what does that entail? Ransomware Attacks Up. $1

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IRS Cross-Border Payments Cross-Border Ransomware 40

PYMNTS

JANUARY 3, 2019

Last year, it was discovered that the now-defunct political consulting firm Cambridge Analytica accessed the data on 87 million Facebook users without their consent.

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Federal Trade Commission FBI FTC Breach 55

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. 2013, resulting in $3.1

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

DECEMBER 18, 2019

The company, as well as its sister QSR Bruegger’s Bagels, fell victim to a data breach in its point-of-sale (POS) system a year ago that compromised payment information collected at 265 of its store locations. Obviously it’s something that no company wants to deal with, but the most frequent guests weren’t affected by it,” she said.

Innovation 52

Innovation Point-of-Sale (POS) Data Breach Breach 52