Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. According to the FBI’s 2020 Internet Crime Report, 2020 alone saw 791,790 complaints of suspected internet crime – an increase of more than 300,000 since 2019. What Is a Business Email Compromise Attack?

Email Compromise

PYMNTS

NOVEMBER 7, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. About five years ago, the company started moving its data to the cloud. The alleged hacker, Paige Thompson , was a former employee of Amazon Web Services, which hosted the Capital One database that was breached.

Data Breach

PYMNTS

MARCH 7, 2019

Marriott International Chief Executive Arne Sorenson appeared before a Senate subcommittee Thursday (March 7) to discuss the data breach of the Starwood Hotels reservation system, saying he doesn’t know if China was behind it. It disclosed the breach publicly at the end of November.

FBI

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The breach impacts about 100 million individuals in the United States and around 6 million in Canada. The hack is expected to cost the company between $100 million and $150 million in the near term.

Caps

PYMNTS

OCTOBER 14, 2016

The new group, called Odinaff, is believed to be compromised of 10–20 organizations armed with malware that can hide fraudulent transfer requests in the SWIFT system. The emergence of new possible instances of compromise is not entirely surprising given that banks should now be undertaking rigorous reviews of their environments.

SWIFT

PYMNTS

APRIL 13, 2016

The report compares the impact of data breaches to an iceberg submerged underwater, with a huge ice mass lurking just below the surface. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better. All in, victims paid out about $24.1 million total.

Ransomware

PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

Data Breach

PYMNTS

JULY 31, 2019

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On The data breach affected more than 100 million people, and the alleged perpetrator was quickly arrested. . Reuters reported.

Data Breach

PYMNTS

SEPTEMBER 17, 2018

In Australia, news came that police have charged a quartet of alleged fraudsters with running a business email compromise (BEC) scam. In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. ” The Larger Trends. “We

Business Email Compromise

PYMNTS

AUGUST 1, 2019

The British company knew of the data breach around November 2018, but only now went public with the details, a person familiar with the matter told WSJ. The cyberattack was reported to Pearson by the FBI in March. The data breach mostly affected students in the U.S., She formerly worked for Amazon Web Services.

Breach

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Kevin Zosiak, who lives in Stamford, Connecticut, and whose personal information was compromised in the breach, filed the suit in federal court in Washington, D.C.,

Data Breach

PYMNTS

JUNE 30, 2019

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. The charges stem from the massive data breach Equifax was hit by in 2017, which compromised the names, Social Security numbers, birth dates, and addresses of more than 145 million Americans.

Data Breach

PYMNTS

JANUARY 31, 2020

The FBI says it has been monitoring eSkimming for almost seven years. Herb Stapleton, section chief for the FBI’s cyber division, said per CNBC, “If you are a company that has a heavy volume of credit card numbers being inputted into your website, at that point, you’re probably at a higher risk. s Ticketmaster site in June 2018.

FBI

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. Compromise of over 40 million credit card accounts.

Phishing

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

PYMNTS

MAY 12, 2017

This consumer concern translates to a decrease in confidence in large organizations—which is then exacerbated by data breaches and other security events. FBI Sees Wire Fraud Via Email Grow In 2016. told Reuters that the FBI report covered just 20 percent of the total and that the losses could be double.

Business Email Compromise

PYMNTS

SEPTEMBER 20, 2017

New York isn’t the only state to respond to the Equifax breach , which compromised the personal data of about 143 million consumers. Attorney’s office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information.

Cybersecurity

PYMNTS

JUNE 23, 2016

The impact from a data breach on an enterprise can be a mixed bag. For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. 2013, resulting in $3.1

Cybersecurity

PYMNTS

DECEMBER 18, 2019

The company, as well as its sister QSR Bruegger’s Bagels, fell victim to a data breach in its point-of-sale (POS) system a year ago that compromised payment information collected at 265 of its store locations.

Innovation

PYMNTS

NOVEMBER 6, 2017

In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. percent from Q2 2016 to Q2 2017.

FS-ISAC

PYMNTS

JULY 12, 2017

But this one is unique because, at least at first, it was believed that consumer biometric data may have been compromised. The company published a data incident notification at the end of last week, letting customers know about the breach. But the company later confirmed that all biometric data were secure.

Risk

PYMNTS

JULY 19, 2020

Twitter said it learned of the attack on Wednesday (July 15) and locked down and regained control of the compromised accounts. The FBI has launched an investigation.

Accounts

CB Insights

JULY 23, 2020

Past incidents from biotech and genealogy companies have dampened public trust in the privacy of health data. 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. Source: NPR via Twitter.

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