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

Fintech News

JANUARY 17, 2024

Sophisticated scams dominate the fraud landscape BioCatch’s report uncovers a startling surge in financial cybercrime in Asia-Pacific. With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year.

Deepfake 119

Deepfake APACS Scams Authentication 119

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. That would be a pretty convincing scam.

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

FICO

FEBRUARY 9, 2021

This uncertainty is now fuelling a rise in Brexit scams. Who Are the Targets of Brexit Scams? Fraudsters are only limited by their imagination and with Brexit scams they target both European and UK citizens. This is where the door is left ajar and fraudsters can spread misinformation and perpetrate their scams. .

Scams 52

Scams Tax Scams Account Takeovers Breach 52

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

FEBRUARY 12, 2020

As for the scams themselves, those varied widely both in terms of tactics and targets. Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. And while the BEC is not the most common form scam, it is a lucrative one.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

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

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 59

Risk Cybersecurity Data Breach Ransomware 59

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

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

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

AUGUST 9, 2018

“Threat actors are targeting enterprises by impersonating the services that enterprises rely on every day, such as email service providers and software as a service (SaaS) platforms,” said PhishLabs in a recent summary of the changing nature of phishing attacks. Social engineering ” is another tactic seen in business phishing attempts.

B2B 44

B2B Phishing Scams Data Breach 44

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

APRIL 11, 2017

But as Coupa is looking to make strategic acquisitions and strengthen its service offerings, the company hit a speed bump last month when the firm was hit by a data breach that exposed IRS W-2 payroll forms of its workers. “A Coupa had 652 employees as of the time the news of the data breach emerged.

Data Breach 46

Data Breach Phishing Scams Breach 46

PYMNTS

FEBRUARY 3, 2020

Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information. Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. .

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

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

PYMNTS

FEBRUARY 2, 2018

Of all of the scams targeting corporates, another one is landing on their radar. experts warned of a type of payroll scam that sees fraudsters diverting direct deposits from employee accounts to criminal accounts. In an article penned for JD Supra by law firm Ogletree, Deakins, Nash, Smoak & Stewart, P.C.,

Direct Deposit 48

Direct Deposit Payroll Scams Due Diligence 48

PYMNTS

SEPTEMBER 18, 2017

In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. These moves come after the company disclosed a major data breach in which 143 million U.S.

Breach 66

Breach Risk Federal Trade Commission Data Breach 66

PYMNTS

JULY 1, 2019

It’s open season for hacks on mobile order-ahead apps as data breaches continue to make headlines regularly and cybercriminals purchase stolen identities on darknet marketplaces. Chipotle denied any breach of its databases or systems. Such details can also be acquired via phishing schemes. Scamming, the Old-fashioned Way.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

FEBRUARY 19, 2019

With a wealth of stolen credentials to pick from in the wake of several data breaches that comprised the identities of millions, fraudsters have more resources than ever. Netflix , for one, is currently warning its customers of an email scam designed to steal payment details from users. Fraud is rampant and thriving.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. Despite the billions of dollars that businesses spend to safeguard their systems, data breaches continue to occur.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

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. percent of total users) were affected by an email phishing scam. percent of total users) were affected by an email phishing scam.

Business Email Compromise 51

Business Email Compromise Phishing ATM FBI 51

PYMNTS

MAY 8, 2017

O2 confirmed that some of its German customers had their accounts emptied by hackers after they fell victim to a phishing scam that stole their usernames, passwords, phone numbers and bank account details. The hack on 02 comes at a time when hack attacks are on the rise around the world.

Accounts 43

Accounts Online and Mobile Banking Data Breach Breach 43

PYMNTS

OCTOBER 16, 2018

Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a statement that it found “a small number of our users’ accounts” had been accessed via a phishing scam, reported The Wall Street Journal.

Phishing 46

Phishing Scams Breach Transaction Limits 46

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. In a press release on Tuesday (Feb.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

MAY 2, 2019

PYMNTS readers certainly know much about passwords – specifically, how those relatively primitive tools continue to endure despite data breach after data breach after data breach, and how a host of companies, organizations, entrepreneurs and technology experts are working hard to come up with mainstream replacements for them.

Security 55

Security Data Breach Breach Authentication 55

PYMNTS

JULY 10, 2019

Besides identity theft, malware and viruses, there are phishing scams, data breaches and other unknown issues that can compromise computers and daily life. Privacy management company TrustArc is getting $70 million to further advance innovation and security in the data privacy landscape via a Series D funding round.

Privacy 40

Privacy Identity Theft Regulatory Compliance Data Breach 40

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 Organizations and security developers are investing billions of dollars in fighting these fraud attempts.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

PYMNTS

JULY 25, 2019

Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. A lot of the fraud today happens online, [and] a lot of the bigger data breaches happen online. operations.

Online and Mobile Banking 65

Online and Mobile Banking Data Breach Breach Phishing 65

PYMNTS

NOVEMBER 4, 2019

But internal fraud is, of course, not the only risk businesses face, with this week’s B2B Data Digest also breaking down the latest numbers related to cyber fraud and business email scams attacking companies from the outside. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities. .

Checks 40

Checks Scams Law Enforcement Ransomware 40

PYMNTS

MARCH 20, 2020

In the March Merchant Fraud Decisioning Playbook , PYMNTS examines how AI and ML are enabling merchants to gather information from various data sources, transforming those details into actionable insights and bypassing the manual reviews that can leave them unable to keep up with fraudsters’ ever-evolving efforts.

Fraud Prevention 90

Fraud Prevention AI Account Takeovers Phishing 90

PYMNTS

DECEMBER 26, 2019

These bad actors are leveraging numerous methods — including false mobile apps, loyalty and reward schemes, ATOs, phishing and phone scams — to find and exploit security flaws. Digital fraud rose 30 percent in Q3 2019, with one out of every five new accounts revealed to be illegitimate.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Detection Data Breach Phishing 52

FICO

JANUARY 5, 2021

Trust in passwords is diminishing due to data breaches, and while one-time passwords are still popular they have also been compromised. 5: 8 Tips For Avoiding Covid-19 Scams. Liz Lasher shared 8 tips for avoiding COVID-19 scams, and it’s worth reprising that list here. 74% of all phishing sites now use SSL.

Financial Crimes 52

Financial Crimes Crime Posting Scams 52

PYMNTS

AUGUST 17, 2018

Based on a scan of some recent headlines, business email scams and fake invoices seem to be among the preferred methods of attacking companies and raiding their coffers. The mechanics of the scam may seem familiar to readers of this space. In one example, news.com.au 1 of 2013 and the end of March 2018.

B2B 40

B2B Scams Breach Data Breach 40

PYMNTS

APRIL 30, 2019

In addition to identity theft, the data could be used to target older and more vulnerable people for phishing and scam attempts. While 80 million households are included in the database, the number could impact hundreds of millions of individuals. Everyone in the database is over the age of 40.

Database 49

Database Identity Theft Breach Phishing 49

FICO

JULY 7, 2020

COVID-19 scams are on the rise. In a recent webinar I hosted, we learned that 31% of participants had received a communication that looks like a COVID-19 scam in the past 30 days. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

Scams 97

Scams Smishing Phishing IRS 97