PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

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. Hundreds of thousands of computers worldwide are estimated to be affected. The criminal servers also hosted a number of money laundering campaigns.

Monetary Loss 90

Monetary Loss Money Laundering FBI Phishing 90

PYMNTS

JANUARY 27, 2020

Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

FICO

JUNE 21, 2021

FICO’s European Fraud Map for 2020, based on data from Euromonitor International , shows that the UK achieved the greatest fall in card fraud monetary losses among the 18 countries studied, dropping 7 percent and £46 million year-on-year. Norway Sees Massive Rise from Phishing Attacks. Source: FICO European Fraud Map. .

Smishing 52

Smishing Phishing Monetary Loss Compromise 52