PYMNTS

MARCH 16, 2017

The Department of Justice bringing charges against two spies in Russia and two hackers who allegedly took part in the massive data breach that rocked Yahoo recently has now shed light on exactly how these breaches took place. This past fall, Yahoo disclosed a massive breach of user accounts that impacted 500 million people.

FBI

PYMNTS

JUNE 26, 2018

Cybersecurity is no longer an afterthought for today’s enterprise. Spend is still going up, too, as KPMG ‘s report found a 23 percent increase in the number of professionals prioritizing cybersecurity investments this year compared to last. The tactic relies on employee ignorance, not on system weaknesses, to find success.

Cybersecurity

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman. The sources pointed out that about one-third of its employees left in 2018.

Caps

PYMNTS

DECEMBER 13, 2020

Reuters quoted a Commerce Department spokesman as having stated: "We have asked the Cybersecurity and Infrastructure Security Agency and the FBI to investigate, and we cannot comment further at this time.". Reuters quoted one unnamed government official as having said: "This is a much bigger story than one single agency.

Treasury

PYMNTS

NOVEMBER 7, 2019

At least 12 Capital One cybersecurity employees have exited since the breach due to security issues left hanging by Johnson and other executives, sources told the WSJ. Capital One employees raised red flags over security risks before the company suffered a massive data breach. Johnson served as CISO since 2017.

Data Breach

PYMNTS

SEPTEMBER 24, 2018

billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Data breaches include the unwanted release or unauthorized use of company or customer records. All told, U.S. businesses and consumers lost more than $1.4 How Cybercrime Happens. An AI-Assisted Approach.

AI

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

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. According to forthcoming data from the FBI, 2015 saw 2,453 reported ransomware incidents. million total.

Ransomware

PYMNTS

SEPTEMBER 20, 2017

The state’s cybersecurity regulation took effect on March 1, requiring financial firms to take measures to protect networks and customer data from hackers and to disclose cyberattacks to state regulators. New York isn’t the only state to respond to the Equifax breach , which compromised the personal data of about 143 million consumers.

Cybersecurity

PYMNTS

NOVEMBER 6, 2017

To mark this annual occasion, DHS holds a campaign to raise awareness of cybersecurity issues and to help companies and financial institutions take steps against the type of threats with consequences significantly more serious than perpetrating a Halloween prank. percent from Q2 2016 to Q2 2017. But obviously, that was not good enough.”.

FS-ISAC

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

OCTOBER 14, 2016

According to a report from cybersecurity firm Symantec, the attack mirrors tactics used by the unidentified group that orchestrated an $81 million hack of Bangladesh’s central bank earlier this year. The payment system of handbag company Vera Bradley may have been compromised by a massive data breach last month. and Ukraine.

SWIFT

PYMNTS

MAY 13, 2019

About $680 million in losses was posted by Equifax in its Q1 earnings report related to its data breach , with that figure including estimated losses related to a class action suit and regulatory investigations. Thirty-four percent of cyberattacks analyzed by Verizon stemmed from within an organization. Zero utilities in the U.S.

Cross-Border

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

PYMNTS

FEBRUARY 10, 2020

10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. The Equifax cyberattack exposed the financial data of almost 150 million Americans and British and Canadian nationals.

Breach

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. Analysts say these strategies comprised some 63 percent of the cybersecurity threats that hit SMEs in 2016. FBI Sees Wire Fraud Via Email Grow In 2016.

Business Email Compromise

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. Estimated financial losses exceeding $200 million.

Phishing

PYMNTS

JANUARY 8, 2019

Luxury department stores like Saks Fifth Avenue , for instance, are still recovering from data breaches that exposed a significant amount of customer data, while others, such as Neiman Marcus , are constantly working to upgrade their fraud protections to counter the efforts of bad actors. About The Tracker.

Identity Theft

PYMNTS

APRIL 30, 2019

In a letter to California’s attorney general, the virtualization and security software creator revealed the hackers had “intermittent access” to its internal network from October 13, 2018 until March 8, 2019, two days after the FBI alerted the company that it had been breached.

FBI

PYMNTS

MARCH 18, 2019

As the payroll function deepens its data-sharing capabilities, corporates must pay attention to the risks of employee and employer data security, as well as the threat of payroll fraud. “Education is the number-one way employers can protect their payroll data.” ” he said. ” he said. ”

Payroll

PYMNTS

OCTOBER 31, 2019

We’re dealing with the most sophisticated cyber actors in the world,” FBI Special Agent in Charge John F. In order to take on those people on the front lines of the cybersecurity battle, we rely heavily on our valued relationships and open dialogue with private sector companies in cyber industries. “In Bennett said in a statement. “In

Data Breach

PYMNTS

MAY 14, 2019

Equifax went to the Federal Bureau of Investigation (FBI) and the Central Intelligence Agency (CIA), and the company even began looking into a way to monitor the computer activity of its Chinese employees. That project, however, was abandoned due to legal concerns.

Compromise

PYMNTS

JULY 14, 2017

The International Telecommunications Union (ITU) gave these three African countries the highest marks in the region in its Global Cybersecurity Index based on their legislative frameworks, technical capacity to respond to incidents and cooperation with other countries. Some businesses and governments are readier than others. Ready: U.S.

Data Breach

PYMNTS

SEPTEMBER 22, 2017

Members of Congress are getting ready to grill Equifax CEO Richard Smith, who is set to testify about his company’s massive data breach that impacted as many as 143 million Americans. Attorney’s office in Atlanta is working with the FBI on a criminal investigation into the breach. House of Representatives on Oct.

UDAAP

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based Once downloaded, it opened victims’ systems up to theft of sensitive banking and credit card data, enabling fraudsters to siphon money from bank accounts. cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported.

Law Enforcement

Fintech Finance

APRIL 24, 2024

According to the FBI, across the United States people lost $12.5 Today, Verizon’s robust network capabilities deliver advanced data analytics and insights, and produces authoritative research reports such as the Verizon Data Breach Investigations Report (DBIR) used by enterprises to understand and help mitigate emerging cybersecurity threats.

Scams

PYMNTS

JULY 12, 2017

“All kiosk fingerprint readers supplied by Avanti include end-to-end encryption on such biometric data, and as such this biometric data would not be subject to this incident as it is encrypted,” the company said Tuesday. The company is working with forensics investigators and the FBI.

Risk

CB Insights

JULY 23, 2020

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. Beyond the office: cybersecurity and at-home network security. TABLE OF CONTENTS.

Posting

The Fintech Times

DECEMBER 5, 2024

The number of data breaches globally in 2024 has already exceeded 2023 before the year is up, meaning that firms and consumers need to stay vigilant in order to keep data safe, according to Experian , the credit score and comparison firm. Typically, fraudsters are associated with middle-aged criminals.

Data Breach

PYMNTS

JULY 19, 2020

The FBI has launched an investigation. While attackers were unable to see previous account passwords, they did capture personal information, including email addresses and phone numbers, and in some cases, hackers may have been able to view additional information.

Accounts

PYMNTS

JULY 24, 2020

In order to do cybersecurity right, you can’t forget the boring stuff.”. Last week, the FBI launched an investigation into what turned out to be the worst security breach in Twitter’s 14-year history. The former workers, who are familiar with Twitter security practices, said that many people had access, including Cognizant Corp.,

Accounts

PYMNTS

JANUARY 21, 2020

The FBI even had a member of the so-called “ Methbot ” hacker ring extradited to the U.S. This is where the powerful fraud decisioning systems are making a difference, with AI-powered adaptive detection and flexible data ingression that looks for fraud patterns in unexpected new ways. In a word, shocking.

Fraud Detection