PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

Fi911

JANUARY 18, 2024

They demonstrate the diverse methods and strategies employed by fraudsters to exploit individuals and financial institutions for their own gain: Identity Theft A criminal steals an individual’s personal information, such as Social Security number, bank account details, or credit card information, and uses it to impersonate the victim.

Account Takeovers 100

Account Takeovers MFA Fraud Detection Credit Cards 100

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. Deep Dive: Keeping Digital-First Banking Secure With AI, Biometrics. billion by 2024.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

PYMNTS

DECEMBER 17, 2020

The IRS is encouraging consumers to screenshot these fraudulent texts and email them to the agency at phishing@irs.gov. If someone typically uses a Social Security phone scam, they might now modify that to say, ‘this is the Social Security Administration, this is how we’re going to get you signed up so you can get your COVID-19 vaccine.’”.

Scams 84

Scams IRS Federal Trade Commission FTC 84

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Deep Dive: Why Fraudsters See Value in Phishing.

Phishing 51

Phishing Scams Addressing Social Security 51

PYMNTS

SEPTEMBER 18, 2017

The stolen data included Social Security numbers, birth dates and other personal information. According to the report, given the fact that hackers presumably got Social Security numbers, birthdates and addresses, they can go after those people that have larger bank accounts, more lines of credits and greater assets.

Breach 66

Breach Risk Data Breach Federal Trade Commission 66

Stax

MARCH 27, 2025

Security risks: Phishing scams, theft, and hacking make EFTs a less secure option than ACH. Through this, the government can also disburse social security and tax refunds to them without using paper checks. Higher fees: The speed of EFTs comes with a high cost, especially for international transfers.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. I got an email just recently that said that my Social Security number had been frozen and to click ‘this link’ to unfreeze it.”. No single defense mechanism can protect bank customers from such a diverse array of criminal tactics, though.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. Just like last time, if there’s another stimulus payment, taxpayers won’t have to pay to get it. A survey released last week by SocialCatfish.com, the identity verification nonprofit, reported U.S.

FTC 69

FTC Federal Trade Commission Scams Direct Deposit 69

PYMNTS

MAY 5, 2020

Pangretic cautioned that there will continue to be a rising tide of email scams (phishing) and synthetic fraud. In the case of synthetic IDs, fraudsters target consumers’ personal details such as Social Security numbers, place or date of birth, or other pieces of data to create new personas, and then apply for cards or loans.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

PYMNTS

AUGUST 13, 2019

As a Federal Communications Commission cybersecurity planning guide recently noted, payroll systems often include among the most sensitive of data including employee bank account details, company bank account details, Social Security Numbers and more. Not every employee needs to access all of your information,” the FCC’s guide warns.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

PYMNTS

JUNE 4, 2020

In the blog post, the ransomware gang says they can release stolen data on student names, Social Security numbers, and financial information in less than a week if a crypto payment in Bitcoin is not made. The fraud can take place in a number of ways, often by phishing or impersonation scams to prey on those who may not be aware.

Bitcoin 61

Bitcoin Ransomware Scams Phishing 61

PYMNTS

OCTOBER 30, 2018

For example, the number of instances in which attackers went after Social Security numbers increased eightfold between 2016 and 2017. With malware often finding its way into an enterprise via phishing emails that fool employees, adequate worker education is paramount.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

VISTA InfoSec

JUNE 21, 2023

Communicate clearly A data breach can expose people’s personal, financial, and health information, and in some cases, social security numbers can be taken too. If the company is found to not be following regulations, it may be at risk of penalties and heavy fines, as well as subject to legal cases from anyone affected.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

APRIL 11, 2017

Reports said employee data including names, employee IDs, Social Security numbers and other information was compromised as a result. Coupa was one of numerous companies recently targeted by this ‘phishing’ scam,” the company said in a statement. Coupa had 652 employees as of the time the news of the data breach emerged.

Data Breach 46

Data Breach Phishing Breach Scams 46

PYMNTS

FEBRUARY 19, 2019

Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

PYMNTS

JULY 15, 2020

They also note a recent spike in COVID-19-related phishing attempts.”. Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. Telehealth Forces The Digital KYP Issue.

Data Breach 58

Data Breach CCPA Breach Social Security 58

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

MAY 1, 2018

The company is introducing added features to protect SMBs against phishing and ransomware. Microsoft also emphasized the volume of sensitive information that small businesses managed, with most firms surveyed noting they stored Social Security numbers, and 29 percent storing bank account information.

Ransomware 40

Ransomware Phishing Small Business Social Security 40

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. Understanding the significance of healthcare data begins with knowing what it entails.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

MAY 17, 2017

DocuSign, a provider of electronic signature technology, confirmed Tuesday (May 16) that a series of malware phishing attacks targeting its customers was the result of a data breach at the company. According to a report in KrebsOnSecurity , the San Francisco–based company said the data that was stolen was only user email addresses.

Breach 40

Breach Data Breach Phishing Social Security 40

PYMNTS

JUNE 27, 2016

The victim data that was compromised includes Social Security numbers, names and birthdates, but none of the victims were actually identified in the court documents, Reuters said. Attorney for the Central District of California alleges, was behind a phishing scheme between Nov. 2012 and Sept.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

Innovative Payments Association

JUNE 26, 2024

Be Aware of the Different Types of Scams Phishing Scams: Seniors may receive emails or phone calls pretending to be from their bank, asking for sensitive information like passwords or social security numbers. Monitor Accounts: Regularly monitor your bank and credit card statements for any unauthorized transactions.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

JANUARY 27, 2017

Of all records exposed across all industries, 72 percent were uncovered across hacking, phishing and skimming efforts. Social Security numbers were exposed in more than half of all breaches last year.

Data Breach 71

Data Breach Breach Security Risk 71

PYMNTS

JUNE 20, 2019

On top of that, phishing and other forms of fraud, including methods that may be hard to spot by poorly trained healthcare staff, create risks as well. Indeed, according to Jumio, some 2,550 healthcare breaches have taken place during the last decade, breaches that have put some 175 million medical records at risk.

Authentication 55

Authentication Breach Law Enforcement Data Breach 55

PYMNTS

MARCH 26, 2020

Fraudsters weaponize automated bots to skim data from Axos and other financial institutions (FIs), stealing customer data such as Social Security numbers, credit card data and home addresses. “As Hostile bots’ threats are very real, however.

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

JANUARY 4, 2020

And there is something to those particular stereotypes, since credit card numbers, passwords and Social Security numbers are all available for sale on the dark web. A slightly more knowledgeable consumer might also know that the dark web is where one goes to buy illegal things with bitcoin.

Legal 63

Legal Bitcoin Credential Credit Cards 63

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

OCTOBER 11, 2017

Account takeover happens when cardholder data is accidentally given to fraudsters, either through a breach or through a tricking mechanism like email phishing, spyware or malware. Byrnes said criminals often sit on this type of information for a while.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

Segpay

JUNE 13, 2024

The same is true for cyber criminals who are always looking for new strategies to exploit our system vulnerabilities through: Phishing attacks Malware Distributed denial-of-service (DDoS) attacks A cyber attack on financial institutions is usually catastrophic, with the IMF quoting that companies lose over $100 billion a year. Stay informed.

Best Practices 40

Best Practices Processors Transactions Security 40

EBizCharge

OCTOBER 17, 2023

government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. Unauthorized payment: Unauthorized payments occur when funds are withdrawn from an account without the account holder’s permission or authorization , such as phishing scams and fraud.

ACH 52

ACH Returns RDFI ODFI 52

The Fintech Times

DECEMBER 5, 2024

Michael Bruemmer, vice president of Global Data Breach Resolution at Experian To combat this evolving reality, nation-states and government agencies could move to dynamic identification that will replace static driver’s licenses and social security cards with dynamic PII that continually changes like an online 3D barcode used for event tickets.

Data Breach 59

Data Breach Breach Ransomware Deepfake 59

PYMNTS

SEPTEMBER 27, 2017

If a site is demanding a Social Security number to process a donation payment, experts agreed: it’s definitely a scam! Spear phishing is an even more targeted way for fraudsters to gain trust from victims. This is social engineering at its best (or worst). Stick to charities you know.

Scams 52

Scams Phishing Non-Bank Addressing 52

PYMNTS

JANUARY 24, 2017

Of all records exposed across all industries, 72 percent were uncovered across hacking, phishing and skimming efforts. Social Security numbers were exposed in more than half of all breaches last year. Looking at record exposure, 3,182 credit card and debit card records were exposed in financial services, compared to more than 3.6

Data Breach 44

Data Breach Breach Identity Theft Phishing 44