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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Business email compromise attacks cost organizations $2.4 What started as simple phishing emails has evolved into complex schemes involving social engineering, insider knowledge, and technical sophistication that can fool even experienced professionals. Continuous monitoring catches compromises early.

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Protecting Seniors from Payment Scams: What You Need to Know

Innovative Payments Association

Common Payment Scams Targeting Seniors Phishing Emails and Texts: Scammers impersonate legitimate organizations, such as banks or payment apps, asking seniors to provide personal information or payment details. Report Suspicious Activity: If you suspect fraud, report it to your bank, payment provider, and law enforcement immediately.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.

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T-Mobile: Hackers Accessed Customer Call Data

PYMNTS

We also immediately reported this matter to federal law enforcement and are now in the process of notifying impacted customers.”. Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers.

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What to do if your company suffers a data breach

VISTA InfoSec

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.

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What is eCommerce Fraud?

Fi911

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.

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Courier Scams – How They Work and How to Fight Them

FICO

This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack. These fraudulent services run as legitimate businesses until a customer reports the illegitimate service to law enforcement and industry groups. Fake webpage for Royal Mail.

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