PYMNTS

NOVEMBER 18, 2016

China’s recently launched cybersecurity law is getting the support of Alibaba and Tencent Holdings. The new law, which puts broad restrictions on technology companies in China, is aimed at removing cybersecurity threats from industries it deems critical and at fighting terrorism, reported Fortune.

Cybersecurity 69

Cybersecurity Laws Law Enforcement Compromise 69

VISTA InfoSec

JUNE 21, 2023

Businesses with a dedicated cybersecurity team, who are likely to have identified the breach initially, should secure any systems, patch software, change access codes, and so on. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. Secret Service offices.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

OCTOBER 17, 2018

Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. The regulator issued a report based on the SEC Enforcement Division’s investigations of nine public companies that lost millions of dollars as the result of cyber fraud.

Cybersecurity 76

Cybersecurity Email Compromise Law Enforcement Business Email Compromise 76

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. Warby Parker contacted law enforcement when it found out about the breach. The hackers stole usernames and passwords and tried to access accounts.

Cybersecurity 74

Cybersecurity Accounts Identity Theft Law Enforcement 74

PYMNTS

MARCH 5, 2020

Our cybersecurity team recently identified and shut down a malicious attack against our email vendor that led to unauthorized access to certain T-Mobile employee email accounts, some of which contained account information for T-Mobile customers and employees,” the company said. “Our

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Law Enforcement Data Breach Cybersecurity Social Security 105

PYMNTS

NOVEMBER 7, 2016

Chain Store Age just released its predictions for the near future of cybersecurity. Possible strategies to combat ransomware attacks include multifaceted prevention strategies, separately maintained data backup facilities, as well as cooperation with law enforcement and peer organizations on collaborative security strategies.

Cybersecurity 81

Cybersecurity Ransomware Law Enforcement Security 81

Fintech News

JANUARY 7, 2024

Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement. As US sanctions and enforcement actions targeted their previous go-to obfuscation platforms like Tornado Cash and ChipMixer, North Korea pivoted to another mixer, the BTC service Sinbad.

OFAC 117

OFAC Law Enforcement Money Laundering Cryptocurrency 117

PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. companies’ cybersecurity measures.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

JULY 27, 2020

43 percent of employees admit to mistakes that have caused cybersecurity repercussions, a new study has found, according to OnRec reported. Irish law enforcement reportedly arrested two men in connection to the case. Law enforcement officials said their investigation remains ongoing. In a survey of 1,000 U.K.

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Law Enforcement Scams Phishing B2B 101

PYMNTS

OCTOBER 2, 2017

It was a team of cybersecurity researchers from the firm ERPScan, and not malicious hackers, who discovered that point-of-sale (POS) systems made by SAP had a gaping loophole. SAP Point of Sale. Luckily, this one was just a hypothetical hack — it could have been much worse. National Bank of Canada. Whole Foods.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

PYMNTS

MARCH 31, 2019

And so I think now, you’re seeing the same thing (with cybersecurity).”. An analysis by Third Way , a center-left think tank in Washington, said that less than 1 percent of harmful cyber incidents are the subject of law enforcement action. And we all, it felt like, were shifted to work terrorism.

FBI 76

FBI Law Enforcement Cybersecurity Crime 76

PYMNTS

APRIL 9, 2020

He said British law enforcement is still investigating the crime, but declined to comment further. Alan Woodward, a cybersecurity professor at the University of Surrey, told the Journal that if someone pays a ransom, they get put on the list of payers. You are one of those that’s most likely to pay up,” he said.

Law Enforcement 111

Law Enforcement Credit Cards Payer On-Demand 111

PYMNTS

JULY 28, 2019

Federal law enforcement is helping in the investigation. The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. An investigation involving local, state and federal law enforcement is ongoing at this time.”. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

PYMNTS

APRIL 12, 2020

Italian law enforcement officials said the country has seen a rise in this kind of activity. With governments imposing lockdowns to contain the virus, hackers have been known to pose as banks or other legitimate institutions to try to glean access to people’s private information to use for nefarious means, such as identity theft.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

PYMNTS

JANUARY 3, 2021

We immediately started an investigation, with assistance from leading cybersecurity forensics experts, to determine what happened and what information was involved,” T-Mobile states in the notice. “We We also immediately reported this matter to federal law enforcement and are now in the process of notifying impacted customers.”.

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Law Enforcement Compromise Data Breach Phishing 85

Innovative Payments Association

MAY 20, 2024

When companies think about cybersecurity, their first instinct is to think about what technology they have in place to stop hackers. Hacks are not just an IT problem, you will need to communicate and take action with customers, vendors, law enforcement, and internally. Are you ready for all the implications of the attack.

Cybersecurity 52

Cybersecurity FBI Law Enforcement Crime 52

PYMNTS

JUNE 16, 2020

Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity. House of Representatives subcommittee on Tuesday (June 16).

Cybersecurity 90

Cybersecurity Money Laundering FBI Treasury 90

PYMNTS

JANUARY 21, 2019

According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency. A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards.

Money Laundering 84

Money Laundering Law Enforcement Credit Cards Scams 84

PYMNTS

JULY 7, 2017

Corporate travel company Sabre suffered a cybersecurity incident, first revealed in May, and this week the firm provided an update on the situation. Our industry, like many, faces ever-increasing cybersecurity threats that require strong partnerships across the travel ecosystem.

Cybersecurity 46

Cybersecurity Law Enforcement Breach Payer 46

PYMNTS

DECEMBER 17, 2018

Since biometrics isn’t protected under the Fifth Amendment, law enforcement can potentially use 3D printing to legally gain access to your phone. Legally, it’s no different from using fingerprints to unlock a device,” Orin Kerr, professor at USC Gould School of Law, said via email, according to TechCrunch.

Law Enforcement 77

Law Enforcement Legal Laws Cybersecurity 77

PYMNTS

DECEMBER 16, 2016

But sometime in August, a hacking collective based in Eastern Europe quietly began offering the whole database for sale, according to Andrew Komarov, chief intelligence officer at InfoArmor, an Arizona cybersecurity firm that specializes in the dark web. That hack was believed, by Yahoo, to have come from a government source.

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Law Enforcement Database Breach Data Breach 66

PYMNTS

OCTOBER 30, 2018

Corporate cybersecurity is an ever-increasing focus of government entities, with the U.S. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. Last year in particular was huge for cybersecurity; in December a forecast from Gartner said worldwide spending on cybersecurity in 2015 was expected to reach $75.4

Cybersecurity 40

Cybersecurity Law Enforcement Data Breach Breach 40

PYMNTS

DECEMBER 15, 2016

14) that a new cybersecurity breach incident has affected over a billion of its users and their private data. Yahoo stated that it has taken measures to secure user accounts and is currently working with law enforcement in an investigation. In what feels like déjà vu, there’s more bad news for Yahoo users.

Data Breach 72

Data Breach Breach Law Enforcement Encryption 72

PYMNTS

JULY 23, 2019

attorney general, made lengthy comments on Tuesday (July 23) about encrypted messaging and the need for law enforcement to have access to those messages if necessary, according to a report. The official noted that tech companies should be more willing to help law enforcement when it comes to getting access to devices.

Encryption 46

Encryption Law Enforcement Laws Risk 46

PYMNTS

OCTOBER 27, 2016

DHS said its National Cybersecurity and Communications Integration Center was working alongside companies, law enforcement and researchers to contend with the attacks that happened due to the expanding number of devices that can talk to the internet.

Data Breach 75

Data Breach Breach Law Enforcement Compromise 75

PYMNTS

MARCH 13, 2020

According to the notice, “Upon identifying this potential security issue, we engaged cybersecurity forensic experts and initiated an investigation to determine what happened, what data was affected, and who was impacted.”. The company said it “identified suspicious activity” on its network in May of last year.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

PYMNTS

OCTOBER 17, 2016

Bank executives and providers are more concerned about dealing with the punishments or bad publicity that may come from disclosing their cybersecurity vulnerabilities. “When I moved from law enforcement to banking and saw what banks knew, the amount of information at their disposal, I thought, ‘Wow.’

Law Enforcement 71

Law Enforcement Authorization Cybersecurity Crime 71

PYMNTS

OCTOBER 21, 2019

Czech cybersecurity company Avast was hacked by an outside actor suspected to have ties to China. . The company involved the BIS as well as Czech law enforcement authorities, including a forensics team. . Reuters is reporting that both Czech counterintelligence service BIS and Avast detected an attack on the company.

Cybersecurity 40

Cybersecurity Law Enforcement Credential Laws 40

PYMNTS

MARCH 7, 2019

Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher. Equifax disclosed the hack in September of 2017. Rather, it looks like Marriott inherited this breach from Starwood.”. As part of the hearing, the U.S.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

OCTOBER 21, 2019

Czech cybersecurity company Avast was hacked by an outside actor suspected to have ties to China. . The company involved the BIS as well as Czech law enforcement authorities, including a forensics team. . Reuters is reporting that both Czech counterintelligence service BIS and Avast detected an attack on the company.

Cybersecurity 40

Cybersecurity Origination Law Enforcement Credential 40

Fintech News

FEBRUARY 21, 2024

These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations. Under the PSA, DPT service providers must obtain a license from MAS and comply with strict standards related to anti-money laundering, consumer protection, cybersecurity, and governance.

Crime 109

Crime Ransomware Scams Romance Scams 109

PYMNTS

FEBRUARY 2, 2017

And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. With several types of fraud threatening the business today, spending on cybersecurity measures is spiking — big time.

Security 65

Security Encryption Cybersecurity Law Enforcement 65

The Fintech Times

AUGUST 20, 2024

Under a new anti-fraud safety mechanism, when Macau users withdraw their assets from Binance, the system will pop up the anti-scam warning notification tailored by Judiciary Police, providing users with practical tips and contact information of local law enforcement agencies.

Scams 59

Scams Risk Law Enforcement Transactions 59

PYMNTS

MARCH 6, 2018

In addition to engaging third-party cybersecurity experts to assist with our investigation, RMH also notified law enforcement about the incident and will continue to cooperate in their investigation,” the company said in a statement. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data Breach 56

Data Breach Breach Point-of-Sale (POS) Law Enforcement 56

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

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

DECEMBER 24, 2019

The attacks have been attributed to a group known as APT20, which is thought to operate at the behest of Beijing per a report from Dutch cybersecurity firm Fox-IT, ZDNet reported. In separate news, Czech cybersecurity company Avast was hacked by an outside actor suspected to have ties to China.

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MSPS Law Enforcement Cybersecurity Governance 52