PYMNTS

JULY 24, 2020

There were sellers offering data from what could have been 278,531 accounts, although some may have been duplicates or fake, the report noted. “We are not aware of any data breach at this time,” an Instacart spokesperson told BuzzFeed News. “We We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

Payments Dive

JULY 1, 2019

Download this infographic from TNS which looks at the results of a series of recent industry studies which highlight the latest data breach trends. It uncovers the top 5 types of breach incidents, which assets and data criminals are targeting and the number of organizations who have been affected.

Data Breach 68

Data Breach Breach Phishing Ransomware 68

VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

APRIL 12, 2020

Generally, the cyberattacks take the form of phishing scams with fraudsters sending emails purporting to be from legitimate and now-common institutions like Zoom or Microsoft, praying upon those working from home for the first time and hoping they’ll click fraudulent links that scam them out of valuable information.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

The Paypers

APRIL 26, 2016

(The Paypers) Verizon's Data Breach Investigations Report (DBIR) has revealed that 89% of data breaches are either financially or espionage motivated and conducted through phishing.

Data Breach 28

Data Breach Phishing Breach 28

PYMNTS

APRIL 3, 2018

Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Separate reports by the Associated Press also pointed to an email phishing scam as the likely culprit.

Phishing 51

Phishing Breach Data Breach Scams 51

PYMNTS

JANUARY 24, 2017

According to a report highlighting findings from the Identity Theft Resource Center and CyberScout, data breaches in the U.S. The financial services industry accounted for only 52 of the breaches tracked, or 4.8 For the eighth year in a row, hacking, skimming, and phishing were the main drivers of data breaches, representing 55.5

Data Breach 40

Data Breach Breach Identity Theft Phishing 40

VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

Fintech News

NOVEMBER 10, 2024

This information allows threat actors to create more convincing phishing emails or other forms of engagement between threat actors and victims. Ransomware and data breaches gain in sophistication Although ransomware and data breaches decreased in H1 2024, these threats continue to pose significant challenges.

Ransomware 95

Ransomware Scams Data Breach AI 95

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 104

APACS Data Breach FinTech Fraud Prevention 104

PYMNTS

DECEMBER 3, 2018

Signet Jewelers, the company that owns Jared and Kay Jewelers, has fixed a massive data breach that allowed anyone to view the order information of other customers, including a home address and the last four digits of a purchaser’s credit card, according to a Monday (December 3) report. Or just targeted phishing attacks.”.

Data Breach 57

Data Breach Breach Consumer Credit Cards 57

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.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

Payments Source

JULY 30, 2019

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

Breach 77

Breach Data Breach Phishing Consumer 77

PYMNTS

JUNE 28, 2016

As ZDNet reported , the company posted on its website that the sample of records it saw were “real and current,” but maintains that it was not hacked and that the data may have been stolen via phishing. Much like Deutsche Telekom, Twitter remained adamant that its systems were not breached.

Data Breach 40

Data Breach Breach Credential Phishing 40

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. America’s Data Breach Problem.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

Phishing 56

Phishing Credit Union Breach Data Breach 56

Fintech News

JUNE 10, 2024

Reducing the amount of unnecessary data collected can lessen the impact of a data breach and decrease the resources needed for data protection. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

Ransomware 82

Ransomware Authorization Phishing Cybersecurity 82

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. Reduce Fraud Rates by 70–99% Partner with SEON to reduce fraud in your business with real-time data enrichment, whitebox machine learning, and advanced APIs.

Security 52

Security Phishing Best Practices Data Breach 52

Fintech News

JANUARY 17, 2024

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 112

Deepfake APACS Scams Authentication 112

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

JANUARY 28, 2020

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 Email phishing scams seem so Y2K that it’s hard to believe how effective they are, even against corporations protected by fancy firewalls. million per incident. Then multiply that by the 4.1 The figures are staggering.

Data Breach 57

Data Breach Phishing Breach Bots 57

The Fintech Times

JUNE 20, 2024

Confronting modern cyber risks in financial services David Atkinson, CEO, SenseOn Entrusted with the personal data of billions, financial institutions face a relentless barrage of cyber threats, amplified by the proliferation of internet banking , mobile applications and instant payment systems.

Risk 57

Risk Cybersecurity Data Breach Ransomware 57

Segpay

FEBRUARY 21, 2024

Tokenization: Generative AI contributes to the implementation of tokenization, a technique that replaces sensitive data, such as credit card numbers, with unique tokens. These tokens are generated for each transaction, reducing the risk of data breaches. This provides digital payment methods with an additional level of security.

AI 90

AI Innovation Fraud Detection Encryption 90

Stax

MARCH 4, 2024

Taking precautions to implement security measures like firewalls and cybersecurity training helps to protect cardholder data and other sensitive information from cybercriminals. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JULY 24, 2020

It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In We are not aware of any data breach at this time,” an Instacart spokesperson said. “We

Accounts 75

Accounts Compromise Data Breach Phishing 75

Fintech Finance

SEPTEMBER 30, 2024

They are most troubled by phishing/vishing and impersonation scams, as well as fake product or service purchases. 48% were troubled about a potential data breach. ” Respondents were asked about nine different types of scams. At the market level, women in Thailand (39%), Philippines (38%), Indonesia (36%), and Brazil (32%).

Scams 92

Scams Digital Payments Consumer Payments 92

PYMNTS

JULY 19, 2020

Javvad Malik , security awareness advocate at KnowBe4, said the attack highlights the need for “a layered defensive strategy, in particular against credential stuffing, exploitation of unpatched systems, and phishing emails which are the main source of ransomware,” teiss reported.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 Thus, protecting EHRs is crucial to avoid data breaches from hackers.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

JANUARY 24, 2020

Legacy security methods such as rules engines cannot keep pace with modern fraudsters, and artificial intelligence (AI)-based behavioral analysis, as well as better data sharing, are crucial to safer eCommerce. And in digital fraud, phishing poses a unique threat to businesses. All this, Today in Data.

Phishing 56

Phishing Financial Crimes Data Breach Procedures 56

PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

AUGUST 23, 2017

Oh, and don’t forget phishing and social impersonation. But today, Verizon’s latest data breach report shows 70 percent of threat actors are attacking outside that firewall. Brands have been eager to invest in digital transformation in recent years. That’s a good thing. That calls for new and improved defenses.

Phishing 40

Phishing Online and Mobile Banking Mitigation Crime 40

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches.

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

Seon

JUNE 15, 2023

Fraudsters use manipulation tactics such as email-based phishing or take advantage of leaked company data to gain access to – and take over – one or more of the business’s accounts. A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52