EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. These breaches can have devastating consequences, both financially and in terms of reputation.

Data Breach

VISTA InfoSec

MAY 15, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. Prevent Compromise of Credentials 4.1 To align with SWIFT CSP requirements, you should consider the following best practices: 1.

SWIFT

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

Account Takeovers

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? WhatsApp follows current best practices provided by operating systems for media storage, and looks forward to providing updates in line with Android’s ongoing development. billion users.

Phishing

VISTA InfoSec

FEBRUARY 13, 2024

These threats are widespread and can also lead to severe consequences, including financial loss, and the compromise of personal and sensitive data. This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity.

Cybersecurity

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). Experts noted that 2FA is still the industry’s best practice to protect users against cyber threats. However, if available, universal second factor (U2F) is a stronger alternative.

Scams

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices.

Identity Theft

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches.

Cybersecurity

PYMNTS

JANUARY 24, 2020

A successful phishing attack is among many businesses’ worst fears. Phishing attacks often take one of two forms, Heath explained. The other major type of phishing email tricks users into downloading an attachment that installs malware on their computers. Knowing Is Half The Battle.

Phishing

PYMNTS

FEBRUARY 28, 2020

The number-one thing that we see is compromised credentials from another service being used against us,” he explained. Stolen credentials are often purchased from dark web marketplaces, or gathered via phishing emails and brute force attacks on other websites. … I think what you see on Dropbox is not unique to us. .

Credential

Seon

SEPTEMBER 28, 2023

Verizon Business estimates that 74% of data breaches are down to individuals being absent-minded or tricked by social engineering attacks such as phishing emails. The diagram below shows the typical sequence of actions that phishing attackers take when carrying out social engineering attacks. The answer is security awareness training.

Security

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Fraudsters are teaming up to rip off FIs, forming elaborate rings that work cooperatively on account takeovers and phishing attempts. billion in 2019, a 15 percent increase over 2018.

Crime

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. Finally, train employees on security best practices and how to recognize phishing attempts and other frauds.

PCI DSS

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. In a press release on Tuesday (Feb.

Cybersecurity

PYMNTS

SEPTEMBER 30, 2019

As he noted, North Korea, acting as a singular cyberthreat, will do what it can to gain access to and compromise the credentials of foreign organizations with money ­— and, in turn, gain access to that money, of course. As Visner added, North Korea has been persistent and, to some extent, successful in its efforts.

Cybersecurity

The Fintech Times

MAY 15, 2024

In the last year alone, 50 per cent of businesses and 32 per cent of charities have reported cyber breaches or attacks, with phishing remaining the most common type of attack. This approach helps not only in avoiding legal pitfalls but also in maintaining consumer trust by upholding ethical AI practices and ensuring data integrity.

Cybersecurity

PYMNTS

JANUARY 3, 2019

That’s long been true when it comes to sharing best practices, and even some forms of technology, to prevent fraud and breaches — but it holds especially true for thinking about how to best prevent, or at least deal with, digital attacks against larger infrastructures. Collaboration is also vital.

Risk

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. IBM warned that some of the most common human errors linked to data breaches involve “basic misjudgment.” To err is human,” IBM said in its report.

Data Breach

CoinRemitter

MAY 20, 2024

Common cryptocurrency wallet attacks Phishing: Phishing is a common way scammers trick people in both cryptocurrency and traditional systems. Best practices for securing crypto wallets Use Multisig wallets: Single-signature wallets are good for individuals, but not for DAOs. That’s why multi-signature wallets are better.

Scams

Seon

JUNE 27, 2024

As AI-driven progress continues to surge, questions arise about maintaining its progress over the long term without compromising security. AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures.

Cybersecurity

FICO

SEPTEMBER 17, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. Organizations need to have dedicated IT security resources who ensure that best practices are followed in every new business system implementation. Cosmos Bank in India recently had $13.5

Cybersecurity

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks. How Can Virtual Credit Card Fraud Affect Your Business?

Credit Cards

FICO

SEPTEMBER 19, 2018

They exploited and succeeded in compromising two of the bank’s payment systems – the ATM Switch and the SWIFT payments system. Organizations need to have dedicated IT security resources who ensure that best practices are followed in every new business system implementation. Cosmos Bank in India recently had $13.5

Cybersecurity

Nanonets

MAY 31, 2023

Phishing Attacks: Fraudsters send deceptive emails or messages, often mimicking reputable organizations, to trick employees or customers into revealing their payment details. In 2021, a staggering 323,972 internet users worldwide became victims of phishing attacks, indicating that half of the cybercrime victims fell prey to this method.

Fraud Detection

CB Insights

JULY 23, 2020

However, as an unprecedented portion of the workforce has been relegated to working from home, IT teams have faced new challenges, from less than optimal at-home network security to more targeted business email compromise schemes. New variations of BEC have emerged during the pandemic. Source: Abnormal Security.

Posting

VISTA InfoSec

JUNE 4, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. Prevent Compromise of Credentials 4.1 To align with SWIFT CSP requirements, you should consider the following best practices: 1.

SWIFT

VISTA InfoSec

MAY 5, 2025

Training and Awareness Provide ongoing training for employees on SWIFT CSP requirements and security best practices. The Solution: Invest in tailored, role-based training programs that emphasize SWIFT CSP requirements and security best practices. Operational Disruption : Delays, errors, and compromised systems.

SWIFT