Innovative Payments Association

OCTOBER 3, 2023

​Mentions of Chicago and the FBI might conjure images of men in fedoras with Tommy Guns, but modern crime is much more electronic than it used to be. With that in mind, the IPA recently held a session with the Chicago Field Office of the FBI where agents spoke about the trends in crime and payments.

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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. law enforcement authorities and cooperated with the federal agencies.”.

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Compromise Accounts FBI Law Enforcement 65

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. At the time, they were seeing about 80 cases a week,” Nelson said. “It

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FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

MARCH 22, 2016

But unlike some cases (like the hospital that forked over the bitcoin before consulting law enforcement), in this instance, the city called upon law enforcement for help — scaring off the hackers. In fact, in 2015, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1

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Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K. It was a very exciting moment.”.

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Law Enforcement Cybersecurity FBI Ransomware 44

The Fintech Times

JUNE 21, 2024

The centre will offer comprehensive training for law enforcement and industry professionals to combat modern financial crimes effectively. “This initiative underscores our commitment to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa.

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Crime Research Financial Crimes FBI 64

PYMNTS

APRIL 7, 2016

This cybersecurity startup is making waves in the industry, but not for how it’s fighting crime. “This is a weapon,” Zuk Avraham, founder of cybersecurity company Zimperium, told CNN Money when asked about the unorthodox business model.

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Security Law Enforcement Cybersecurity FBI 40

Clearly Payments

MARCH 4, 2024

Eventually, law enforcement agencies intervened, leading to the arrest and prosecution of numerous individuals involved in the scheme, highlighting the complexity and magnitude of modern phishing fraud and emphasizing the critical need for robust cybersecurity measures and user awareness to combat such criminal activities.

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Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

DECEMBER 4, 2018

The Financial Times noted that in July the FBI warned hackers were targeting CFOs, getting them to transfer money to unknown accounts. Agari, noted the report, turned over the evidence to law enforcement agencies both in the U.S. The report noted that if members of the hacking group are living in the U.K. or the U.S.

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Law Enforcement Email Compromise FBI Scams 46

PYMNTS

FEBRUARY 3, 2017

The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified. The Newark Advocate reported that Licking County Commissioner Tim Bubb would not disclose the amount of the ransom demand, but they are taking the advice of cybersecurity experts and law enforcement.

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Government Governance Law Enforcement Ransomware 40

PYMNTS

AUGUST 10, 2018

The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes. It’s unknown if the city paid or tried to pay the ransom, but the affected services are still not completely up and running. However, not everyone agrees.

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Ransomware Law Enforcement Encryption FBI 40

Center for Payments

NOVEMBER 21, 2023

The FBI works to raise awareness of the types of scams that are common around the holidays and how you can protect yourself and your customers or members. The FBI reports, “Charity scam solicitations may come through cold calls, email campaigns, crowdfunding platforms, or fake social media accounts and websites.

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Holiday Scams Scams FBI Federal Trade Commission 40

PYMNTS

JUNE 10, 2019

As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale. The FBI reported that BEC scam losses roughly doubled in 2018, as measured year over year, to $1.2 They’re evolving very much like a business, from the startup phase to the corporate phase.”.

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Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

OCTOBER 27, 2017

states, although law enforcement officials believe the threats are empty. This week saw warnings from both the Department of Homeland Security and the Federal Bureau of Investigation (FBI) that sophisticated hackers are targeting nuclear, energy, aviation, water and critical manufacturing industries, as well as government entities.

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AI Account Takeovers FBI Payment APIs and Integration 46

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. It’s a game with a pretty big payoff.

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Bitcoin Ransomware Multi-Currency Regulations 62