The Fintech Times

APRIL 11, 2024

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

VISTA InfoSec

SEPTEMBER 5, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Common threats for SMEs include phishing, malware, insider threats, and social engineering. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The scam involves sending a phishing email claiming to be a Microsoft Office 365 update.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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Email Compromise Business Email Compromise Compromise Phishing 52

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. The Canadian company noted it has commenced an investigation.

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Phishing Breach Data Breach Scams 51

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. The warnings signal a surge in hacking and phishing attempts, Google said, with cybercriminals using the coronavirus as a backdrop to their tactics.

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Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Spear Phishing. Brand Forgery.

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

AUGUST 3, 2020

” That includes malware and phishing schemes, extortion, business email compromise and more, sometimes involving demands for cryptocurrency. FinCEN warns that bad actors “are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.”

Fincen 88

Fincen Scams Email Compromise Consumer 88

PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

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 51

Phishing Scams Business Email Compromise Email Compromise 51

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

VISTA InfoSec

OCTOBER 21, 2024

The most common threat that you might already be aware of is phishing scams. Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. From there, they’ll require you to input confidential details.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb. as to which services we use.”

Phishing 58

Phishing PayPal Ransomware Cybersecurity 58

VISTA InfoSec

OCTOBER 21, 2024

The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. Common additional authentication factors include biometric scans and one-time passwords, both of which should be considered since they are especially challenging for hackers to spoof.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Blockchain 162

PYMNTS

AUGUST 24, 2020

This week's B2B Data Digest looks at the rising threat of the business email compromise (BEC) scam and invoice fraud on companies of all sizes in the U.S., Reports said the fraudsters have stolen more than 800 sets of credentials in an attempt to commit B2B payment fraud via spear-phishing attacks. Canada and the world over.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

Fintech News

AUGUST 19, 2024

These scams involved pop-up alerts on victims’ devices, falsely claiming they were compromised by malware. Between January and July 2024, the SPF received 185 reports of technical support scams, resulting in losses exceeding S$ 17.9

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Scams Money Laundering Cross-Border Phishing 121

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 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

OCTOBER 19, 2018

In general, hackers turn to methods such as social engineering, malware and spear phishing to target digital currency exchanges. The most popular attack vector on corporate networks is spear phishing. In order to accomplish this, the scammers deliver malware.

Phishing 79

Phishing Digital Currency Cryptocurrency Compromise 79

Fintech News

JUNE 10, 2024

Akira affiliates gain initial access by exploiting vulnerabilities, brute-forcing services like Remote Desktop Protocol (RDP), social engineering, and using compromised credentials. Regular training sessions should be conducted to make employees aware of phishing and other social engineering tactics used by cybercriminals.

Ransomware 107

Ransomware Authorization Phishing Cybersecurity 107

Innovative Payments Association

JANUARY 13, 2025

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. The consequences of these scams can be devastating, both financially and emotionally.

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Scams Law Enforcement Payments FBI 52

PYMNTS

JULY 24, 2020

Outside of the Instacart platform, attackers may target individuals using phishing or credential stuffing techniques. “We take data protection and privacy very seriously.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. It allows them to scale rapidly without compromising security. It ensures trust in the system, reduces downtime, and meets increasingly strict regulatory standards. Why Finance Needs It Financial institutions are frequent targets for cybercrime.

Finance 59

Finance Security Fraud Detection Encryption 59

VISTA InfoSec

JULY 29, 2024

Theaddedanonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data. Common additional authentication factors include biometric scans and one-time passwords, both of which should be considered since they are especially challenging for hackers to spoof.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

Payments Source

JUNE 28, 2018

Payments fraud from business email compromise, or BEC, occurs when scammers use phishing tricks and email to fool businesses into making fraudulent payments to perceived suppliers. Experts suggest newer factors are accelerating the trend.

Email Compromise 68

Email Compromise Business Email Compromise Phishing Compromise 68

PYMNTS

JULY 24, 2020

In a post on its website, Instacart said its investigation concluded the San Francisco-based company was not compromised. It appears that third-party bad actors were able to use usernames and passwords that were compromised in previous data breaches of other websites and apps to login to some Instacart accounts,” Instacart wrote. “In

Accounts 75

Accounts Compromise Data Breach Phishing 75

VISTA InfoSec

AUGUST 8, 2023

Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites. Make Strong Password Usage and Multi-Factor Authentication Necessary There has been a huge report of employee passwords being compromised or stolen due to missing devices and other factors.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

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 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

VISTA InfoSec

JANUARY 29, 2024

Users are protected against phishing attacks through anti-phishing mechanisms. Its intent is to compromise the confidentiality, integrity, or availability of the owner’s data, applications, or the operating system itself. New requirement to identify and safeguard staff from phishing attacks.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

DECEMBER 19, 2024

Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect Focus on phishing awareness, secure usage of SWIFT systems, and compliance with CSP requirements. Report security incidents to SWIFT promptly, as per the CSP guidelines.

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SWIFT Cybersecurity PCI DSS Compliance 173

PYMNTS

JANUARY 3, 2021

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. That incident, the company stated at the time, involved some of the same information that was compromised in the latest incident.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

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Phishing Ransomware EMV CHIPS 45

PYMNTS

MAY 8, 2019

Amazon said the hackers compromised about 100 seller accounts, taking cash from either loans or sales and putting it into their own accounts. A spokesperson for Amazon said criminals can target sellers with phishing emails asking for personal information. The attacks occurred between May and October of 2018.

Phishing 99

Phishing Compromise Accounts AI 99

Payments Source

MAY 5, 2016

Fueled in part by an increase in phishing attacks with malware attachments in the past year, fraudsters took only minutes to compromise a network in 93% of breach incidents, according to Verizon's 2016 data breach investigations report.

Data Breach 61

Data Breach Phishing Breach Compromise 61

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? The phishing campaign targets consumers and also commercial users. The apps have, cumulatively over 1.5 billion users. As the site noted, no card issuer would send an email with such prompts.

Phishing 72

Phishing Credential Scams Payments 72

The Payments Association

OCTOBER 28, 2024

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.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88