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.

Cybersecurity 52

Cybersecurity FBI Law Enforcement Crime 52

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. In the first three months of 2024, the average government impersonation scam victim in the U.S. lost $14,000 in cash, totaling more than US$20 million.

Scams 97

Scams Ransomware Government Governance 97

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

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. Spear Phishing. Brand Forgery.

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Ransomware attacks jumped 37 percent last year, with losses up 46 percent, according to FBI statistics. Once it hits a Windows PC, the malware hijacks the AppData directory to force the loading of malicious DLLs.

Ransomware 123

Ransomware FBI Phishing Treasury 123

Clearly Payments

MARCH 4, 2024

Operation Phish Phry (2009) Operation Phish Phry stands as a testament to the cunning and audacity of cyber criminals orchestrating large-scale payment processing fraud. Elevated awareness of phishing scams and cybersecurity threats. Heightened scrutiny of data protection measures in payment processing.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. Tax season is upon U.S.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

JULY 21, 2020

The Wall Street Journal recently reported a 35 percent jump in year-over-year credit card fraud in April, with fraudsters harnessing phishing schemes and brute-force hacking attacks, among others, to swindle data and funds. The increase in credit card fraud is part of a larger trend over the past several years, with such losses totaling $16.9

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

DECEMBER 8, 2020

The FBI warned in an announcement this month that cybercriminals are "gearing up for a busy season" as the mix of rising holiday shopping volumes and COVID-19 concerns create a perfect storm of fraud risks. For corporates themselves, the FBI warned that businesses, like consumers, can be targeted in gift card scams.

FBI 71

FBI Business Email Compromise Scams Mitigation 71

PYMNTS

NOVEMBER 21, 2016

know the FBI does not agree and thinks U.S. The FBI said in a bulletin that it is “monitoring emerging reports indicating that well-resourced and organized malicious cyber actors have intentions to target the U.S. The FBI report pointed at software used by a Russian gang known as Buhtrap. financial sector.”.

ATM 77

ATM FBI Phishing Crime 77

PYMNTS

MARCH 23, 2016

The initiative was to “spear-phish” and gain inroads into computer systems that belonged to, among others, the U.S. Upon successful phishing attempts, the two men would use stolen data, including passwords, to deface websites and hijack social media accounts.

Money Laundering 40

Money Laundering FBI Phishing Government 40

PYMNTS

APRIL 22, 2020

In another example, the FBI said they identified lookalike Internal Revenue Service (IRS) stimulus payment domains. The sites were used as phishing schemes, authorities said. Others pretend to be government agencies or public health organizations designed to trick viewers into entering banking and credit card information.

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

PYMNTS

MARCH 23, 2020

Officials are warning of a rise in phishing attacks, while retailers have also been warned about fraud risks, with Amazon recently removing 1 million products for allegedly making fraudulent claims, recent Forbes reports said. “This is an opportunity to conduct pretty robust cyber-espionage, if not cyber-hostage taking.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

PYMNTS

AUGUST 8, 2018

Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing. Another phishing strategy, known as angler phishing, also showed its teeth in Q2.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

MAY 12, 2017

. …………… Here are other top cybersecurity stories that made headlines this past week: One Million Gmail Users Affected By Google Docs Phishing Scam. percent of total users) were affected by an email phishing scam. FBI Sees Wire Fraud Via Email Grow In 2016. billion across organizations.

Business Email Compromise 51

Business Email Compromise Phishing ATM FBI 51

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. The Methods.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

DECEMBER 22, 2016

Data security company Imperva, reports said, found that phishing attacks are more likely to be successful when a person opens an email at work (with 35 percent of phishing emails sent between 9 a.m.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

VISTA InfoSec

JUNE 21, 2023

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. This could include setting up a fraud alert for credit files, changing passwords, setting up two-factor authentication (2FA), keeping a close eye out for phishing emails or unusual activity in bank accounts.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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.

Government 85

Government Governance Security Cybersecurity 85

PYMNTS

DECEMBER 16, 2019

the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. ’Tis the season for corporate fraud? In the U.S.,

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

FEBRUARY 14, 2020

The Federal Bureau of Investigation (FBI) froze the funds and will return them, the statement said. While the FBI continues to investigate the scam, the Puerto Rico Justice Department is launching its own probe, Justice Secretary Dennise Longo Quiñones said. Agencies affected include the Puerto Rico Industrial Development Co.

FBI 67

FBI Scams Governance Government 67

PYMNTS

DECEMBER 5, 2019

In its release , the Justice Department said “the State Department, in partnership with the FBI, announced today a reward of up to $5 million under the Transnational Organized Crime Rewards Program for information leading to the arrest and/or conviction of Yakubets.”.

Treasury 52

Treasury Wires Wire Credential 52

PYMNTS

DECEMBER 5, 2019

In its release , the Justice Department said “the State Department, in partnership with the FBI, announced today a reward of up to $5 million under the Transnational Organized Crime Rewards Program for information leading to the arrest and/or conviction of Yakubets.”.

Treasury 52

Treasury Wires Wire Credential 52

PYMNTS

SEPTEMBER 16, 2020

Colleges’ security officials are reporting increases in phishing schemes and other fraud forms as staff and students move online, however, meaning cybersecurity should be key to these institutions as they prepare to welcome new classes digitally. Phishing schemes aimed at incoming students are also becoming more problematic for many U.S.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

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. How to Prevent Business Email Compromise Attacks BEC attacks can largely be carried out solely using social engineering attack-based phishing attempts.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

DECEMBER 4, 2018

The Financial Times noted that in July the FBI warned hackers were targeting CFOs, getting them to transfer money to unknown accounts. Doing so gives it the attack volume of a mass spam campaign, but with the target-specific customisation of spear-phishing attacks,” the researchers said in a report.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

PYMNTS

FEBRUARY 3, 2017

Although the details have yet to be released, it’s believed that an employee’s computer was exposed to the ransomware through a phishing scam or by accidentally downloading it. The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified.

Government 40

Government Governance Law Enforcement Ransomware 40

PYMNTS

DECEMBER 26, 2019

Fishing fraud (not to be confused with “phishing”) is big business, for example. When the FBI bobs, cybercrooks weave, and so on. It’s all in the latest PYMNTS Fraud Decisioning Playbook. Fighting Fakes With Fire. War against digital fraud uses live ammo or, in some cases, recently live. It’s all a moving target.

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 52

PYMNTS

SEPTEMBER 24, 2018

billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Usually following a data breach, these attacks rely on phishing or other schemes to steal a business’ or individual’s account information — including address, name and payment details — to make a purchase. All told, U.S.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

DECEMBER 9, 2016

Avalanche’s infrastructure facilitated DDoS attacks, the spreading of phishing emails and the stealing of sensitive data, Jakub Kroustek , malware analyst and researcher at Avast Software , noted. Attorney’s Office and the FBI issued a joint statement that detailed their ongoing joint efforts with other U.S. Just last week, the U.S.

Monetary Loss 90

Monetary Loss Money Laundering FBI Phishing 90

PYMNTS

MARCH 18, 2019

Last September, the Federal Bureau of Investigation (FBI) issued a warning about cybercriminals’ tactic of targeting digital payroll accounts, using phishing scams to obtain employee credentials and redirect payroll deposits to their own accounts.

Payroll 64

Payroll API Payment APIs and Integration Data Breach 64

PYMNTS

NOVEMBER 6, 2017

Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. In an account takeover, a fraudster can take over a corporation’s financial account using phishing, spyware or malware. “At At the time, they were seeing about 80 cases a week,” Nelson said. “It It was becoming an epidemic.”.

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

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. According to Palmore, that initial breach eventually led the exposure of more than 500 million user accounts.

FBI 46

FBI Breach Identity Theft Data Breach 46

CB Insights

JULY 23, 2020

” Instances of intrusion were so frequent that the FBI issued a warning about the phenomenon. Between the second and third weeks of March, the instances of coronavirus-themed phishing attempts surged 463%, according to email security platform Abnormal Security. This became known as “Zoombombing.”

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101