PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.

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Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

DECEMBER 26, 2018

The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. The FBI is especially concerned about the people who become involved in international money laundering schemes that result in large economic losses.

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FBI Money Laundering Law Enforcement Cross-Border 64

PYMNTS

DECEMBER 23, 2019

The FBI program IDLE (Illicit Data Loss Exploitation) has companies plant decoy data as a way to confuse thieves looking to hack valuable information. Chu, acting assistant section chief for the FBI’s Cyber Engagement and Intelligence Section, told Ars. The fake data is mixed with real information to make it appear authentic.

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FBI Database Authentication Addressing 58

PYMNTS

MARCH 10, 2020

service, which lets hackers advertise and sell stolen information, has been arrested by the FBI, according to published reports Tuesday (March 10). It is allegedly used for cybercrime, according to the FBI. The FBI said it had reviewed more than 250 stores on Deer.io regularly, the FBI said. According to U.S.

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FBI Law Enforcement Breach Laws 53

PYMNTS

OCTOBER 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts, CNBC reported Thursday (Oct.

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FBI Wire Wires Financial Crimes 64

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

APRIL 26, 2019

Recently announced statistics from the Federal Bureau of Investigation (FBI) bear out this trend. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. billion in 2018. In Ireland.

Business Email Compromise 57

Business Email Compromise FBI Scams Wires 57

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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FBI ATM Scams Third Party Vendors 58

PYMNTS

OCTOBER 11, 2018

FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned by tech giants such as Apple and Amazon : “Be careful what you read.”. Apple never had any contact with the FBI or any other agency about such an incident. Especially in this context.”.

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FBI CHIPS Law Enforcement Security 59

PYMNTS

FEBRUARY 6, 2020

Christopher Wray, the director of the FBI, said China wanted to steal U.S. As I stand here talking with you today, the FBI has about 1,000 investigations involving China’s attempted theft of U.S. based technology in all 56 of our field offices and spanning just about every industry sector,” Wray said. William Evanina, a senior U.S.

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FBI Identity Theft Wires Wire 60

PYMNTS

JULY 13, 2020

In July of 2019, after the crimes had already allegedly been taking place for months, the FBI was able to infiltrate the circle and an agent used the same handle as a previous associate to talk with Ponle, using that to conduct a transaction and prove what was going on. But the two likely needed a U.S.-based

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Business Email Compromise FBI Bitcoin Email Compromise 86

PYMNTS

JUNE 12, 2018

Federal authorities including the Department of Justice and the FBI announced Monday (June 11) that law enforcement arrested 74 people in the U.S. Local and state law enforcement teamed up with the FBI, as did attorneys general offices, to provide assistance.

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Email Compromise FBI Compromise Scams 60

VISTA InfoSec

JUNE 27, 2024

LAUSD officials have announced that it has informed the FBI, CISA, and its vendors to investigate the incident further. Once they accessed the accounts, the attackers downloaded all the data and attempted to extort the companies, threatening to sell or leak the data if their demands were unmet.

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FBI Breach MFA Cybersecurity 130

Payments Dive

MARCH 25, 2024

SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

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FBI Cryptocurrency Rules 88

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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FBI Fraud Prevention Ransomware Cybersecurity 31

Payments Source

MARCH 22, 2016

The tension between the desire of government agencies to gain more access with greater ease, and the public’s evolving perception of data privacy rights, is ongoing and writ large in the case of FBI vs. Apple, which brings the complexities regarding security technology such as encryption to light.

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FBI Encryption Disputes Privacy 68

PYMNTS

JUNE 12, 2020

In today’s top news, the FBI warns users to beware of cyberattacks, and DoorDash is expected to receive new funding that will value the company at $15 billion. FBI Issues Warning To Bank Mobile App Users. Plus, Quicken Loans may be preparing an IPO.

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FBI Online and Mobile Banking Federal Reserve Volume 52

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!”

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FBI Ransomware Encryption Cybersecurity 45

PYMNTS

APRIL 14, 2016

In order to access the San Bernardino terrorist’s locked iPhone, the FBI reportedly called on the help of professional hackers. Sources explained that the researchers who helped the FBI specialize in exposing security vulnerabilities in software and were paid a one-time flat fee for their services.

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FBI Privacy Legal Research 40

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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FBI Ransomware Cybersecurity Encryption 41

PYMNTS

OCTOBER 1, 2018

According to a report in Forbes , 28-year-old Grant Michalski was ordered by an FBI agent to use Face ID to unlock his phone, which he complied with, during a child abuse case in Columbus, Ohio. When FBI agents searched his home they also ordered him to unlock the phone.

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FBI Law Enforcement Laws Legal 44

PYMNTS

MAY 8, 2017

In a warning to businesses covered by Reuters , the FBI said bad guys used email and pretended to be from real businesses to try and steal $5.3 In a previous report, the FBI had said thieves tried to steal $3.1 The FBI did not say how much money the bad guys were able to steal. Reuters also noted that the U.S.

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FBI Wire Wires Email Compromise 41

PYMNTS

APRIL 15, 2020

The FBI said people of all ages are potential victims for scammers and fraudsters, who are now using cryptocurrency channels as a replacement for the traditional money scams of old. That could include blackmail schemes in which scammers say they’ll infect friends and family members if a certain payment is not made.

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FBI Scams Cryptocurrency Bitcoin 56

PYMNTS

AUGUST 11, 2017

FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. He received a total of $8,700, which he used for a laptop, a mobile phone and a VPN communications network, all of which the FBI says he used to communicate with the Islamic State network.

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FBI Law Enforcement Transactions Online and Mobile Banking 42

PYMNTS

JUNE 15, 2016

The FBI is warning about the increasing risk of wire transfer fraud. As part of its newly launched public awareness campaign on wire transfer fraud, the FBI provided tips to help companies detect and fight the threats. 79 | The number of countries identified by the FBI as being involved in requests for fraudulent transferred funds.

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FBI Wire Wires Wire Transfer 40

PYMNTS

SEPTEMBER 8, 2017

The probe, led by the New York office of the Federal Bureau of Investigation (FBI) and the Manhattan U.S. The Wall Street Journal reported on the investigation, citing sources familiar with the process. We are cooperating with the SDNY investigation,” said an Uber spokesman, referring to New York’s Southern District.

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FBI Privacy Laws Authorization 55

PYMNTS

APRIL 28, 2016

Ever since the cold war between Apple and the FBI seemed to veer away from courtroom drama territory, updates have been coming like drips from a faucet. However, now that it’s public knowledge that the government paid a group of hackers to access the phone on its behalf, the FBI is suddenly mum on the issue. ”

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FBI Privacy Assessments Legal 40

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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FBI Law Enforcement Crime Authorization 41

PYMNTS

MAY 30, 2016

Is the FBI attempting to get a glance at information Pinterest holds on its users? That indicates that Pinterest might well have been served with a National Security Letter by the FBI. That indicates that Pinterest might well have been served with a National Security Letter by the FBI.

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FBI Security Service Provider Continuity 40

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Payment fraudsters are looking to get between consumers and their paychecks.

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Payroll FBI ACH Same Day ACH 56

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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FBI Encryption Privacy Legal 40

PYMNTS

MARCH 21, 2016

The FBI, along with the Department of Transportation and the U.S. ” The FBI made mention of the now-infamous hacker pair of Charlie Miller and Chris Valasek and their successful forced entry into the computer of several current market vehicles.

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FBI Rules Governance Government 41

The Paypers

MARCH 28, 2019

(The Paypers) The Federal Bureau of Investigation (FBI) has revealed its latest dark web investigation, which saw over USD 4 million worth of cryptocurrency seized from criminals.

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FBI Cryptocurrency 31

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 million computers to generate fake clicks.

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FBI Scams Cybersecurity Bots 51

Innovative Payments Association

MAY 20, 2024

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. Work with Law Enforcement Report Attacks – If you have been hacked, let the FBI know. It can help identify and catch criminals.

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Cybersecurity FBI Law Enforcement Crime 52

The Paypers

APRIL 29, 2019

(The Paypers) The statistics gathered by the FBI’s Internet Crime Complaint Center (IC3) revealed that Internet-enabled theft was responsible for over USD 2.7 billion in financial losses in 2018.

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FBI Crime Security 31

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.

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FBI Breach Identity Theft Data Breach 46