PYMNTS

FEBRUARY 8, 2019

The disclosures come as Wirecard has said that back in April of 2018, an employee of its Singapore operations had raised concerns about another member of the team. The policy is known as “dots don’t matter” and research firm Agari has found that business email compromise fraud has been exploiting the effort.

Scams 67

Scams Fraud Prevention Email Compromise Compromise 67

PYMNTS

JANUARY 18, 2019

As reported late this week in Dark Reading , and as estimated by security research firm Agari , efforts are “ramping up” wherein criminals look to “divert payrolls” of senior executives. A pair of studies have shown that companies are increasingly being targeted through methods both sophisticated and decidedly mundane.

Business Email Compromise 69

Business Email Compromise Scams Payroll Audit 69

PYMNTS

SEPTEMBER 9, 2019

50 percent of alerts received by cybersecurity experts are false-positives , new research from CRITICALSTART reveals. As a result, these professionals are beginning to tune out those alerts, raising the risk of missing an actual cyber threat, Health IT Security reports said last week.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. ” Beazley researchers found that the mean for ransomware attack demands was $10,310, though one incident saw a demand for $8.5 million. .

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S. Talent Management, Economic Disruption.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

PYMNTS

MARCH 21, 2019

As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. As reported in Credit Union Times , the attacks are still done through email, but also look for mobile number details to “better coerce” intended victims to funnel funds to bad actors’ accounts. phone number.

Business Email Compromise 45

Business Email Compromise Scams Email Compromise Compromise 45

PYMNTS

MAY 2, 2019

Last year saw record levels of venture capital pumped into cybersecurity startups, and researchers at Gartner expect companies to increase cybersecurity spend by 9 percent between 2018 and 2019, reaching $124 billion. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

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. Researchers noted that it’s not surprising that some businesses are so willing to pay the ransom. Consumers and businesses do appear to be fighting back.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. The 2018 report, sponsored by JPMorgan , finds fraudsters are spinning their BEC webs even broader, targeting new channels of business transactions.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

JUNE 26, 2018

High-profile data breaches and attacks have catapulted cybersecurity to the top of executives’ priority lists, and investments in cybersecurity solutions are soaring: The 2018 Harvey Nash/KPMG CIO Survey found businesses surveyed spend a combined $46 billion on cybersecurity every year.

Cybersecurity 43

Cybersecurity Data Breach Breach Email Compromise 43

PYMNTS

APRIL 9, 2018

Gartner research director Ruggero Contu cited high-profile attacks, like the Equifax breach , as a key motivator behind this spend. The company’s “ 2018 IBM X-Force Threat Intelligence Index ” found that human error helped cloud-related cyberattacks see a 424 percent jump year-over-year in 2017. Estimates from Gartner, Inc.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

JANUARY 30, 2020

Analysts today expect APAC to see the fastest rate of faster payments growth of any other geographic region on the planet, according to a 2018 report. The Asia-Pacific (APAC) region is one in which faster payment capabilities are quickly proliferating. ” Unwrapping The Fraud Threat. . ” Unwrapping The Fraud Threat.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

FICO

APRIL 29, 2022

Nearly 18 million Americans were defrauded through scams involving digital wallets and person-to-person apps in 2020, according to Javelin Strategy & Research, an industry consultant. 04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

PYMNTS

DECEMBER 12, 2017

When it comes to wire transfers, meanwhile, separate analysis from the AFP found that 74 percent of companies surveyed said they were hit with a business email compromise scam in 2016, which typically involves scammers requesting payment via wire transfer for a fraudulent invoice.

Accounts 44

Accounts Wire Transfer Wires Wire 44

CB Insights

JULY 23, 2020

For example, in 2018, 23andMe entered a $300M deal to sell data to drug giant GlaxoSmithKline, while in 2019, MyHeritage experienced a data breach that exposed details from 92M+ accounts. Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. Source: NPR via Twitter.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101