PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. Hackers obtained names, addresses and contact details for the customers. percent in afternoon trading in Tokyo.

Compromise

PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.

Business Email Compromise

VISTA InfoSec

JUNE 27, 2024

Upon investigation, it was revealed that personal information such as student names, addresses, dates of birth, and potentially other sensitive details had been compromised. LAUSD officials have announced that it has informed the FBI, CISA, and its vendors to investigate the incident further.

FBI

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin

PYMNTS

FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware.

Ransomware

PYMNTS

MAY 5, 2016

FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Last year, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1 million in losses for victims.

FBI

PYMNTS

SEPTEMBER 16, 2019

Pioneer Bank, in turn, has pointed to a filing with the Securities and Exchange Commission this week that referenced $19 million in deposit activity that could be linked to “potentially fraudulent activity.”. “It’s basically Cachet’s money used to pay thousands of employees across the country,” Slavkin said.

FBI

PYMNTS

MAY 8, 2017

In a warning to businesses covered by Reuters , the FBI said bad guys used email and pretended to be from real businesses to try and steal $5.3 The schemes are known as business email compromises. In a previous report, the FBI had said thieves tried to steal $3.1 Robert Holmes, a security professional for Proofpoint Inc.

FBI

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Caps

PYMNTS

MARCH 16, 2017

During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period. One of those charged, Karim Baratov, a 22-year-old Canadian and Kazakh national, was arrested in Canada on Tuesday.

FBI

PYMNTS

JUNE 15, 2016

The FBI is warning about the increasing risk of wire transfer fraud. As part of its newly launched public awareness campaign on wire transfer fraud, the FBI provided tips to help companies detect and fight the threats. 79 | The number of countries identified by the FBI as being involved in requests for fraudulent transferred funds.

FBI

PYMNTS

APRIL 5, 2019

Stacy Arruda, a former special agent with the FBI and now executive director of the state of Florida ISAO on cybersecurity, said that part of the problem is that when it comes to protecting credit unions — and really any financial institution — danger lurks in what they don’t know. “You Look at your security like an onion.

FBI

PYMNTS

JULY 20, 2016

The Federal Bureau of Investigation has been targeting the Business Email Compromise for years, warning companies to be aware of fake supplier emails and invoices requesting firms to wire funds. A new notice from the FBI continues its crackdown of the scheme and pinpoints what reports call “ground zero” for the scam.

FBI

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 And “IT departments” asking for passwords to help improve security while everyone works remotely is another, Reichel said. Business Email Compromise. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp.

B2B

PYMNTS

JANUARY 13, 2020

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter. The scam reportedly lasted about five years, and the former bookkeeper has now been charged with felony theft.

B2B

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. This must be done using the electronic notice forms online.

Data Breach

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

JULY 30, 2019

Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted. The breach impacts about 100 million individuals in the United States and around 6 million in Canada.

Breach

PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation.

Scams

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Titled "Business Email Compromise (BEC): How does it attack your business and how can you prevent it?"

Business Email Compromise

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. The phishing tool uses simulated attacks to test users and tracks how they reply.

Phishing

PYMNTS

NOVEMBER 21, 2019

They poke and prod, looking for various weaknesses to be exploited on online platforms, in company emails (as in Business Email Compromise, or BEC), through text messages and even the old-fashioned phone call that induces a victim to hurry online and send some money. Internet scammers, by nature, are a resourceful lot.

Scams

PYMNTS

MARCH 23, 2020

Secret Service Department of Homeland Security wrote in a warning published earlier this month. billion in losses were reported to the FBI as a result of hackers targeting Microsoft Office 365 and Google G suite in a slew of business email compromise attacks, Bleeping Computer reported earlier this month.

Email Compromise

PYMNTS

OCTOBER 23, 2017

According to a news report in Reuters , in a rare move, the Department of Homeland Security and the Federal Bureau of Investigation (FBI) warned that sophisticated hackers are targeting nuclear, energy, aviation, water and critical manufacturing industries, as well as government entities. The FBI declined to comment.

Security

PYMNTS

DECEMBER 8, 2020

This security focus will be even more acute amid the holiday season. According to cybersecurity experts, email scams rise during the holidays, with business email compromise (BEC) an especially concerning scam. For corporates themselves, the FBI warned that businesses, like consumers, can be targeted in gift card scams.

FBI

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. “The

SWIFT

PYMNTS

MARCH 7, 2019

According to a report in Reuters covering the hearing, Sorenson apologized for the hack that compromised the data on 383 million guests in the Starwood hotels reservation system, saying the company has taken steps to protect against any future hacks. The company now uses two-factor authentication to keep customer data more secure.

FBI

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. According to the FBI, more than $26 billion in losses linked to BEC were reported between July 2016 and September 2019.

Business Email Compromise

PYMNTS

JULY 20, 2018

Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on the rise. The total value of funds redirected as a result of a BEC scam has now topped $12 billion, the FBI said, updating previous warnings of the scam and including data up to May 2018.

Scams

PYMNTS

DECEMBER 9, 2016

In this week’s Hacker Tracker , PYMNTS caught up with security experts at digital security products provider Avast Software to gain insight into the rise of Crimeware-as-a-Service and why the industry should be taking notice of the growing threat of malicious botnets, like Avalanche and Mirai. Just last week, the U.S.

Monetary Loss

Fintech Finance

OCTOBER 24, 2024

Visa invested $11 billion dollars in technology and infrastructure in the past five years, and our network is more secure than ever,” said Paul Fabara, Chief Risk and Client Services Officer at Visa. “As As payments become safer, fraudsters are reverting to tried-and-true tactics that target the weakest link in the ecosystem: consumers.

Scams

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A.

Credit Cards

PYMNTS

NOVEMBER 7, 2019

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov. Capital One employees raised red flags over security risks before the company suffered a massive data breach.

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

FEBRUARY 24, 2020

2,100 corporates were targeted in a widespread business email compromise (BEC) scam recently uncovered by cybersecurity company Agari , the firm revealed last week. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed.

Business Email Compromise

PYMNTS

OCTOBER 21, 2018

Earlier in October, the Bloomberg Businessweek story reported that Chinese spies have compromised the U.S. Bloomberg contended in the report that Apple discovered the issue in 2015, ended ties with the vendor and reported the incident to the FBI. The chips provided a backdoor way in for the attackers.

CHIPS

PYMNTS

JANUARY 31, 2018

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We 11 may be involved in the breach.

Point-of-Sale (POS)