Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

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Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year.

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The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times. per cent of organisations across 15 key countries, and contributed to a 222 per cent surge in email attacks in 2023 as compared to the second half of 2022.

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Payments Source

FEBRUARY 7, 2019

Today phishing scams have become so elaborate that they can take a variety of forms, including a phony job interview.

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PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

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CoinRemitter

SEPTEMBER 22, 2023

What is a phishing attack? The cyber phishing attack is intended to trick individuals into submitting/giving up sensitive information (such as private keys, passwords, etc.). On the other hand, vishing (voice+phishing) consists of attacking individuals through voice calls.

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PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. How DocuSign Ices Out Phishing Attacks. Deep Dive: Businesses Struggle With Employee Phishing. million per breach.

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Payments Source

MARCH 13, 2019

Phishing has become a complex big business for crooks, according to Rafael Lourenco, an executive vice president at ClearSale. The days of odd emails are gone.

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VISTA InfoSec

JUNE 19, 2024

The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email. It has also begun training all its employees in email security, especially inbound emails.

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PYMNTS

MAY 28, 2020

These threats reflect a resurgence in hacking and phishing attempts by cyber criminals as the commercial and government-backed attackers try to seize opportunities for scams amid the COVID-19 pandemic, Google wrote. Google said it provides the strongest protections available against phishing and account hijackings.

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Payments Source

JANUARY 5, 2020

Traditional phishing attacks on email are easier for most users to spot, causing crooks to migrate to new venues, argues The ai Corporation's James Crawshaw.

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Payments Source

DECEMBER 20, 2018

Web attacks spike around the holidays, creating a higher risk for malware, phishing and other crime, according to Ryan Wilk, vice president of customer success for NuData Security, a Mastercard company.

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VISTA InfoSec

JUNE 19, 2024

Despite these benefits, video communication has security risks, including the following: Phishing Attacks These attacks often manifest as seemingly legitimate emails, messages, or links, leading unsuspecting users to fraudulent websites. Once you follow the link, you enter a fake login page that captures your information.

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PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. Verizon has estimated that 30 percent of phishing messages are opened by their intended targets.

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Payments Source

NOVEMBER 29, 2018

Phishing is a serious and growing problem in the financial services and payments industries, creating pressure to come up with advanced detection techniques, according to Adrien Gendre, chief solutions architect for Vade Secure.

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PYMNTS

AUGUST 15, 2018

And “sometimes phishing sites pop up before official project sites,” Kaspersky Lab noted in a report released this week. When it comes to particular digital currencies, Kaspersky noted that Ethereum (ETH) is often used by scammers during phishing attempts. In fact, Kaspersky arrived at its $2.3

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PYMNTS

APRIL 24, 2020

The phishing expedition, as explained by AbnormalSecurity.com , requests the recipient’s signature for PPP documents. Anti-phishing company INKY said these schemes are among the most sophisticated-looking they’ve seen. The fraudsters’ mission is to lure recipients with financial relief options.

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PYMNTS

MARCH 2, 2020

Barbara Corcoran, a judge on the popular TV show “ Shark Tank ,” said she is “thrilled” about getting back almost $400,000 that she lost during a phishing email scam, according to reports. Scamming and phishing are increasingly more common; about 114,000 people admitted they were scam victims last year alone.

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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. The warnings signal a surge in hacking and phishing attempts, Google said, with cybercriminals using the coronavirus as a backdrop to their tactics.

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Payments Source

NOVEMBER 27, 2018

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

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The Payments Association

AUGUST 26, 2024

It details various types of fraud, such as phishing, malicious apps, weak authentication practices. The article discusses the growing popularity of mobile wallets and also highlights the rising threat of mobile wallet fraud.

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PYMNTS

NOVEMBER 15, 2016

Research by Kaspersky Lab revealed that when the holiday shopping season unofficially kicks off on Block Friday, the number of financial phishing attacks is expected to surge. Financial phishing in all of 2014 was 28.73 percent, while in Q4 alone the result was 38.49 In 2015, 34.33 percent of all attacks. In 2015, 34.33

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PYMNTS

APRIL 22, 2020

Security experts at Google have identified over a dozen government-backed hacking groups trying to use the coronavirus pandemic to fuel malware and phishing attempts.

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PYMNTS

FEBRUARY 13, 2020

million after it was the victim of an email phishing scam, according to the AP. Laboy did not share how the phishing scam was discovered, or if anyone was fired. The government of Puerto Rico lost $2.6 Manuel Laboy, executive director of the agency, said the mishap was reported to the FBI as soon as it was discovered.

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The Paypers

MAY 17, 2023

Passwordless authentication provider Keyless and global management consulting company Synpulse partner to bring anti-phishing MFA to the UK.

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Fintech News

JULY 9, 2024

Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2

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Finextra

MAY 9, 2024

Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.

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PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. KnowBe4’s tool, called Phishing Reply Tracking, tests if users will interact with hackers on the other end of a phishing email.

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The Paypers

APRIL 28, 2020

A cyber survey by HSB has shown that US small businesses report an increase in suspicious emails over 2019 and employees are taking the bait as they fall for phishing schemes.

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Payments Source

SEPTEMBER 5, 2017

Phishing crooks are like security analysts with more weapons, creating a danger for payment and other companies, writes William MacArthur, threat researcher for RiskIQ.

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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.

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The Paypers

FEBRUARY 21, 2022

NFT marketplace OpenSea has announced it is investigating a phishing attack that no longer appears to be active.

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Payments Source

OCTOBER 10, 2019

Cybercriminals have become extremely adept at crafting emails that are indistinguishable from legitimate emails, says Valimail's Peter Goldstein.

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The Paypers

MARCH 31, 2020

The Zeus Sphinx banking Trojan has resurfaced as part of a COVID-19 relief payment phishing campaign, the most common theme behind most attacks by far during the current pandemic.

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PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. But the phishing scam is also evolving to target the C-suite itself. Employees should be trained to identify phishing scams, but the whaling tactic highlights the need for businesses to train their leadership teams, too.

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PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Last year, small business accounting company MYOB had its name used by phishing scammers who targeted small businesses. While there are several versions of the email, they all include the Square logo, according to reports.

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The Paypers

APRIL 20, 2021

IT software company CheckPoint Research has released the Brand Phishing Report for Q1 2021 highlighting the most frequently criminally counterfeited brands.

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