PYMNTS

AUGUST 23, 2017

Recent research by San Francisco-based cyber security company RiskIQ , aggregated in the company’s 2017 State of Enterprise Digital Defense Report , shows 68 percent of corporate decision-makers have little to no confidence in this area. Oh, and don’t forget phishing and social impersonation. That’s a good thing.

Phishing

PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs. percent of all fraud reported in 2019.

Fraud Prevention

PYMNTS

SEPTEMBER 17, 2018

Park, said the complaint, was part of a hacker group backed by the North Korean government (where operations were conducted in part through Chosun Expo Joint Venture, a state-owned entity), and the charges unsealed by the United States tied him to other attacks, including headline-grabbing 2017 WannaCry 2.0 The Methods.

SWIFT

VISTA InfoSec

DECEMBER 19, 2024

These incidents highlighted the need for a unified security standard across all SWIFT users, and so in 2017 it launched the CSP with the following key objectives: Strengthening Security: Establishing a consistent baseline of security controls to secure SWIFT-related infrastructure.

SWIFT

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

PYMNTS

DECEMBER 20, 2019

They engaged in a phishing scheme, sending emails to employees and agents of the companies, seeking outstanding bills and asking the companies to send money to accounts in Latvia and Cyprus that Rimasauskas operated, according to U.S. In 2017, Rimasauskas was arrested in Lithuania and extradited to the U.S. federal prosecutors.

Law Enforcement

PYMNTS

FEBRUARY 16, 2018

That’s according to Kaspersky Lab’s “Spam and Phishing in 2017” report, which found the bad guys have been using trending topics to trick people for a year now. percent in 2017, which is 1.68 Meanwhile, the number of phishing attacks increased. According to Kaspersky , the amount of spam fell to 56.63

Phishing

PYMNTS

JANUARY 29, 2019

While GDPR compliance and protection against data breaches remain top focuses for organizations that do business in Europe, another recent report reveals businesses will continue to face the rising threat of phishing attacks this year, with instances of the cyber attack steadily climbing through 2018.

Cybersecurity

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

PYMNTS

JUNE 13, 2019

As this month’s PYMNTS Digital Fraud Tracker highlighted, Amazon revealed in May that it was hit by an “extensive” fraud in which hackers are suspected of using phishing attacks on Amazon sellers to steal company money. and India in 2017. Reports in Bloomberg , citing a U.K. Reports in Bloomberg , citing a U.K.

B2B

PYMNTS

MARCH 10, 2017

On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.

IRS

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

PYMNTS

MAY 25, 2018

billion in crypto has been stolen by criminals since the start of last year, according to the non-profit Anti-Phishing Working Group, Reuters reported. More than $1.2 The figure, which was released on Thursday (May 24), includes both unreported and reported thefts.

Bitcoin

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. Late last week, approximately one million Gmail users (or about 0.1

Business Email Compromise

PYMNTS

JULY 1, 2019

This is not the first time the chain has experienced fraud issues – it suffered a data breach at 2,250 of its restaurants in 2017, and the ensuing investigation found that hackers searched for data on the magnetic strips of customers’ credit cards. Such details can also be acquired via phishing schemes. Scamming, the Old-fashioned Way.

Account Takeovers

PYMNTS

FEBRUARY 20, 2020

In other corporate fraud news , phishing defense firm Agari has concluded an investigation on one of the largest fraud perpetrators in a long time: Exaggerated Lion. “Even in extreme conditions, managers are hesitant to blow the whistle,” the study said.

Romance Scams

FICO

APRIL 3, 2018

CNP fraud as a percentage of total card fraud increases significantly in 2016 and 2017 in the US after the EMV chip card migration (liability shift in late 2015). Most of these fraudulent transactions are facilitated by details obtained through skimming, hacking, email phishing campaigns, telephone solicitations or other methods.

Fraud Detection

The Paypers

JANUARY 23, 2019

(The Paypers) Adoption of cryptographically-backed authentication has tripled since 2017 for consumers, and increased by nearly 50% for enterprise, according to Javelin.

Phishing

PYMNTS

JANUARY 14, 2019

A team of cybersecurity firms has tracked the ransomware, which uses email phishing to inject a Trojan dubbed TrickBot into thousands of computers. The wholesale payments and cash management business resulted in about $250 billion in global revenue in 2017 for big banks.

Ransomware

PYMNTS

FEBRUARY 28, 2020

Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. Dropbox institutes extensive employee training on how to identify and flag potential phishing attacks, and even takes the process a step further. “We

Credential

PYMNTS

JUNE 29, 2020

billion such attacks between December 2017 and November 2019, 16.55 These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials.

MFA

PYMNTS

AUGUST 29, 2019

Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region. percent in 2017. A recent report found that ASEAN nations are projected to lose $260 million to online fraud this year, with eCommerce companies bearing the brunt of these losses. percent in 2018 from 13.9

Account Takeovers

PYMNTS

MARCH 13, 2019

After the country carried out numerous missile launches and nuclear weapons tests in 2017, the UN Security Council imposed sanctions on North Korea, including bans on exports of iron, coal, lead, seafood and textiles, as well as certain oil-import restrictions. million worth of tokens in 2017. In addition, the U.S.

Phishing

PYMNTS

MARCH 1, 2019

The tech giant, which first became aware of the hacks when its experts assisted victims of the breach, revealed that cybercriminals were able to gain administrative access to computers by infecting them with a “highly targeted, obfuscated backdoor implant,” possibly via a spear-phishing email, and then sent cash to foreign accounts.

Cybersecurity

PYMNTS

JUNE 2, 2020

Phishing sites were found to be the most popular COVID-19-related products sold on the dark web, the survey revealed. The percentage of funds sent to high-risk exchanges from those ATMs has doubled every year since 2017. On average, U.S. bitcoin ATM users sent more funds to high-risk exchanges than low-risk exchanges in 2019.

Crime

PYMNTS

FEBRUARY 24, 2017

Cisco’s 2017 Annual Cybersecurity Report (ACR) report revealed companies that suffer a data breach are expected to have customer, opportunity and revenue losses exceeding 20 percent. Businesses Paying Up. The costs of cybercrime just keep going up — in more ways than one.

Data Breach

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Nearly half of the small businesses surveyed by Hiscox last year said they had been targeted by at least one cyberattack, while 44 percent said they were hit by between two and four attacks.

Ransomware

PYMNTS

FEBRUARY 14, 2020

Phishing is another favored tactic for cybercriminals, who continued to make use of this tried-and-true method in 2019 with the illegal use of some of the most popular eCommerce logos to draw in unsuspecting consumers. The report looked at data from 31 mobile payment operators across 20 countries and found that fraudsters attempted to make 1.6

Online and Mobile Banking

PYMNTS

JUNE 11, 2019

In the June Digital Fraud Tracker™ , PYMNTS explores phishing attempts, dark web marketplaces and how technologies like biometrics and artificial intelligence (AI) are changing the digital security landscape. Corporations must work to retain their trust, lest they lose customers to more secure competitors.

AI

PYMNTS

FEBRUARY 10, 2017

With today’s ability to hit thousands or even millions of users in a few hours through a phishing attack that infects laptops and smartphones, fraudsters could potentially grab a very large amount of credit card information typed in by users during their next online purchase,” Cagnoni explained. Identity Fraud On The Rise.

Account Takeovers

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier.

Fed

FICO

AUGUST 26, 2021

By 2020, TJ was teaching his parents how to Zelle , an adoption curve reflected in an astonishing growth statistic: 13% of consumers used Zelle in 2020 , up from a mere 1% in 2017. . In 2017 a study by Visa and Accenture sized the North American opportunity for real-time payments at $18.5T in addressable payment volume.

Real Time Payments

PYMNTS

FEBRUARY 20, 2020

This latest funding follows a $40 million Series C in July 2017 and a $27 million Series B in December 2015. The software-as-a-service (SaaS) startup offers a suite of tools to help businesses detect risks — such as phishing, malicious files, link sharing and malware — on social media and digital channels.

Phishing

PYMNTS

APRIL 12, 2017

Recently, for instance, experts found a scammer selling 3,600 Florida W-2 forms on the dark web after phishing a tax preparation firm. Likewise, IBM’s commercial security research team checked its spam traps and discovered an over 6,000 percent increase in the number of common tax scam emails from December 2016 to February 2017.

Authentication

PYMNTS

MAY 11, 2017

Alphabet (GOOG) races against Amazon to break the coveted $1,000 milestone in 2017. percent of total users) were affected by an email phishing scam. The malware then sent copies of the phishing email to users’ contacts list. Both companies have been boosted by strong Q1 earnings in the past few weeks. state governments.

Phishing

PYMNTS

MARCH 6, 2020

Social media networks’ APIs could collect users’ contact information for scammers’ targeted phishing campaigns, for example. Others gain system access by intercepting and viewing messages with API keys or using phishing attacks to trick legitimate users into connecting with hackers’ systems, enabling fraudsters to acquire those keys. .

API

PYMNTS

MARCH 12, 2018

The price dip also followed concerns at the Hong Kong-based Binance exchange, where customers might have fallen victim to phishing through their accounts: “The [application programming interface] for the exchange malfunctioned and sent sell orders into the market,” Brian Kelly, head of BKCM , told CNBC.

Bitcoin