PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Ensuring Secure Workplace Practices.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Fintech Review

APRIL 20, 2025

Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats. Whether protecting mobile banking apps or securing blockchain wallets, cybertech plays a foundational role. The risks range from phishing and account takeovers to ransomware and insider threats. What Is Cybertech?

Finance 59

Finance Security Fraud Detection Encryption 59

PYMNTS

APRIL 14, 2020

With the business email compromise (BEC) phishing attack a continuously growing threat for businesses large and small, organizations are exploring how strategic cybersecurity investments can protect them when bad actors attempt to steal company cash or redirect business payments. Filtering The Inbox.

Email Compromise 96

Email Compromise Compromise Business Email Compromise Phishing 96

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 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

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

VISTA InfoSec

OCTOBER 21, 2024

Right now, crypto is considered to be more secure than traditional currencies and payment methods. By exploring quantum computing and cryptocurrency , we can see how an advancement in one sector can directly impact the security of another. The most common threat that you might already be aware of is phishing scams.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

VISTA InfoSec

OCTOBER 21, 2024

Because there is such a clear need for the security they offer, it’s unsurprising that there is a dizzying number of crypto wallet options out in the market, ranging from popular software solutions to more exotic custom hardware storage. This can make it more difficult for hackers to trace transactions back to you.

Cryptocurrency 162

Cryptocurrency Multifactor Authentication MFA Compromise 162

VISTA InfoSec

MAY 15, 2025

SWIFT, the global backbone for secure financial messaging, plays a critical role in enabling fast and reliable cross-border transactions. But as cyber threats grow more advanced, financial institutions must implement robust SWIFT security controls to safeguard their systems and prevent fraud. Internal Data Flow Security 2.2

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

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)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

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 Ransomware Scams 116

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

JULY 29, 2024

Because there is such a clear need for the security they offer,itsunsurprising that there is a dizzying number of crypto wallet optionsoutin the market, ranging from popular software solutions to more exotic custom hardware storage. In particular, look for wallets that let you customize transaction confirmation settings.

Cryptocurrency 130

Cryptocurrency Multifactor Authentication MFA Compromise 130

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.

Phishing 51

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.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

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 in Security Boulevard said that the 60 percent spike occurred in just three months, with the average payout being $178,254 for Q2 2020, compared to $111,605 in Q1.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems. There were 85.42

MFA 96

MFA Risk Security API 96

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

PCI DSS 88

PCI DSS Payment Security Security MFA 88

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

AUGUST 8, 2023

Your business is at high risk if you have no security measures. Cyberattacks can result in lasting adverse repercussions on the reputation of your network security, as clients and customers can lose faith in your business if their personal data gets leaked. Many of these devices have areas they are susceptible to external attacks.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

JULY 30, 2018

A phishing scam making the rounds and targeting businesses is using the Square name to fool its targets. Users should also be on the lookout for typos and grammatical errors in any emails, and be sure not to share sensitive details like payment card information or Social Security numbers. That’s an instant foot in the door.”.

Phishing 51

Phishing Scams Business Email Compromise Email Compromise 51

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 Phishing 88

The Payments Association

OCTOBER 28, 2024

Fraudsters are becoming increasingly adept at bypassing security protocols, often using social engineering techniques to convince victims to unknowingly hand over sensitive information. This ability to bypass robust security measures highlights the persistent ingenuity of criminals in finding new vulnerabilities.

Scams 88

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

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. Use Strong Passwords: Secure online accounts with unique, complex passwords and enable multi-factor authentication whenever possible.

Scams 52

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. ” But on the contrary, Nick Espinosa , head of cybersecurity firm Security Fanatics , said the data looked “recent and totally legit,” Buzzfeed News reported.

Data Breach 86

Data Breach Breach Phishing Duplicate 86

VISTA InfoSec

DECEMBER 19, 2024

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. What is SWIFT CSP, and why it was introduced?

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

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

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. 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.

Law Enforcement 85

Law Enforcement Compromise Data Breach Phishing 85

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

MAY 27, 2024

As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 In addition to data breaches, generative AI tools pose a distinct challenge to APAC fintechs, empowering fraudsters to craft sophisticated phishing lures and synthetic identities. million in 2021.

APACS 117

APACS Data Breach FinTech Fraud Prevention 117

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). The attack was demonstrated for the first time at the Hack in the Box Security Conference in Amsterdam last month, according to Fortune.

Scams 58

Scams Credential Security Phishing 58

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

Scams 118

Scams Money Laundering Cross-Border Phishing 118

VISTA InfoSec

APRIL 3, 2024

This article delves into common pitfalls that can undermine the security efforts of commercial enterprises. Out-of-Date Security Systems The rapid pace at which digital threats evolve demands an equally dynamic approach to cybersecurity. Let’s get started. Encrypted data remains safe from prying eyes both in transit and at rest.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

VISTA InfoSec

JANUARY 29, 2024

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). We’ve been journeying through the various requirements of this critical security standard, and today, we’re moving forward to explore Requirement 5 of PCI DSS v4.0. New requirement to identify and safeguard staff from phishing attacks.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. But, what exactly are those threats?

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

Fintech News

JUNE 10, 2024

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. They also gather system and network information to further their attacks.

Ransomware 103

Ransomware Authorization Phishing Cybersecurity 103