PYMNTS

JUNE 13, 2019

That’s particularly true in the B2B eCommerce space, as the online shopping habits of consumers spill into their professional lives when making purchases for a company, and as B2B eCommerce solution providers vow to offer an “Amazon-like” experience fit for the corporate world. Reports in Bloomberg , citing a U.K.

B2B

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. 43 percent of employees admit to mistakes that have caused cybersecurity repercussions, a new study has found, according to OnRec reported. In a survey of 1,000 U.K.

Law Enforcement

PYMNTS

APRIL 12, 2019

What’s clear is that GDPR intends to protect data, and researchers have already found a correlation between GDPR-compliant businesses and lower rates of data breaches – perhaps the result of organizations’ prioritizing and investing more in cybersecurity and data protection initiatives to become compliant.

Cybersecurity

PYMNTS

FEBRUARY 1, 2021

At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. Canada, Australia and Europe, reports said.

Data Breach

PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Less than half of IT professionals in the U.S.

Cybersecurity

PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments.

Email Compromise

PYMNTS

MARCH 1, 2017

Security experts are practically begging corporates to get serious with cybersecurity. Google is a vocal player in the fight for enterprise cybersecurity. The phishing threat is even greater, with attackers more than six times as likely to hit a corporate inbox than a personal one, Google said.

Cybersecurity

PYMNTS

SEPTEMBER 28, 2020

In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. Fifty-nine percent of survey respondents agree that phishing emails look more legitimate than ever before.

Phishing

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.

Phishing

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.

Phishing

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.

Phishing

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity

PYMNTS

AUGUST 9, 2018

“Threat actors are targeting enterprises by impersonating the services that enterprises rely on every day, such as email service providers and software as a service (SaaS) platforms,” said PhishLabs in a recent summary of the changing nature of phishing attacks. B2B Payments Problems. A main vulnerability stems from B2B payments.

B2B

PYMNTS

MARCH 12, 2018

“It can be months before you actually pick up that there’s been a compromise in your system, or someone has been snooping in your system,” added Satyamoorthy Kabilan, cybersecurity expert for The Conference Board of Canada. 55 percent of Canadian SMBs have experienced fraud in the last two years.

Small Business

PYMNTS

DECEMBER 4, 2020

Today in B2B payments, IBM uncovers a business email scam targeting the vaccine supply chain, while Intuit finalizes its Credit Karma takeover. An IBM cybersecurity team blew the whistle on Thursday (Dec. Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering.

Scams

PYMNTS

MAY 17, 2017

If you’re one of the many, many companies recently targeted by WannaCry , you’ve just been handed a harsh reality check in the importance of enterprise cybersecurity. Maybe you had ignored previous warnings or felt cybersecurity technology was unnecessary. Or maybe you actually had cybersecurity measures in place that failed.

Cybersecurity

PYMNTS

NOVEMBER 9, 2018

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. PYMNTS takes a look at the latest in B2B FinTech funding below. Based in Germany, Fraugster raised more than $13.9 million for its anti-fraud solutions designed for retailers.

B2B

PYMNTS

AUGUST 24, 2018

The social engineering gambit is, of course, known as phishing, and lures the unwitting into giving away sensitive data or sending money to the fraudster. This drop could indicate that companies are gaining confidence as they prioritize and invest greater resources in cybersecurity prevention and preparedness,” the report noted.

Phishing

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud.

Business Email Compromise

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC

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. More recently, analysts at Vade Secure issued a warning over an emerging phishing strategy looking to steal corporate funds.

Ransomware

PYMNTS

JUNE 23, 2016

Small business accounting platform Xero has introduced an upgrade that aims to make transactions between businesses more secure amid rising phishing scams. The company said doing so is more secure than sending bills via email, as users cannot make changes to these documents unless they sign into the Xero portal.

Phishing

PYMNTS

DECEMBER 7, 2020

Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

Business Email Compromise

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs.

Data Breach

PYMNTS

AUGUST 13, 2019

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

Payroll

PYMNTS

JULY 29, 2016

With $95 million injected into B2B startups over the last week, venture capitalists had their purse strings loose. Cybersecurity. A healthy $15 million will help corporate cybersecurity startup SafeBreach provide businesses with a way to identify and combat cyberthreats. But which industry scored the most dough? SafeBreach.

B2B

PYMNTS

DECEMBER 3, 2020

An IBM cybersecurity team blew the whistle on Thursday (Dec. 3) on what it called in a blog post a sophisticated “global phishing campaign” that targeted organizations involved in a key part of the supply chain for the various COVID-19 vaccines under development. Apparently, there is no limit to how low some cyberspies will go.

Phishing

PYMNTS

JULY 19, 2020

Javvad Malik , security awareness advocate at KnowBe4, said the attack highlights the need for “a layered defensive strategy, in particular against credential stuffing, exploitation of unpatched systems, and phishing emails which are the main source of ransomware,” teiss reported.

Ransomware

PYMNTS

AUGUST 10, 2018

“One is the online reputation, and the other is cybersecurity.” On the other side of this coin is the cybersecurity threats that inevitably come with establishing a digital presence of any kind. On the customer-facing side is the online reputation. Common logic suggests the two are tightly related.” ”

Cybersecurity

PYMNTS

JULY 24, 2018

Google has claimed a success in its fight against employee phishing scams , telling reporters that none of its more than 85,000 employees have fallen victim to such a scam since the company deployed its Security Keys program. “Users might be asked to authenticate using their Security Key for many different apps/reasons.

Phishing

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

Ransomware

PYMNTS

AUGUST 23, 2018

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to MailGuard reports this week. The business cybersecurity company issued a notice on its blog on Tuesday (Aug. 21) that clients of NAB and American Express are the targets of a phishing scam.

Phishing

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. The most effective means for business protection from ransomware is a backup and disaster recovery solution, followed by cybersecurity training.”.

Ransomware

PYMNTS

AUGUST 9, 2018

Small business software firm Womply is rolling out its cybersecurity solution designed to safeguard companies’ online presence, the company announced on Wednesday (Aug. based small businesses in particular, Womply noted, adding that cyber threats like phishing are not the only issues that can affect a company’s online reputation.

Phishing

PYMNTS

APRIL 9, 2018

Gemini Advisory, which first identified the breach at Hudson’s Bay, suggests human error was to blame: An employee likely clicked on a malicious link sent via a phishing scam. last December pegged global spending on cybersecurity by corporates will hit $96.3 Estimates from Gartner, Inc. To err is human,” IBM said in its report.

Data Breach

PYMNTS

NOVEMBER 27, 2017

IBM X-Force, the cybersecurity intelligence and research unit of IBM, has reportedly discovered a cybercriminal ring operating out of Ukraine targeting Canadian businesses. The attackers send a spear phishing email to a target with seemingly legitimate contents, including a bank logo.

Phishing

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