PYMNTS

NOVEMBER 15, 2016

Research by Kaspersky Lab revealed that when the holiday shopping season unofficially kicks off on Block Friday, the number of financial phishing attacks is expected to surge. Over the last few years, researchers have noted that the peak season for sales can also be a peak busy season for cybercriminals. In 2015, 34.33

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The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. In fact, it found that AI-enhanced phishing affected 91.1 The post 91.1%

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PYMNTS

MARCH 3, 2017

Especially when it comes to phishing schemes, which typically don’t take as much effort but can result in huge payouts. PYMNTS: How have phishing schemes evolved in recent years? PYMNTS: Can you discuss the biggest trends observed in financial phishing, banking malware and Android banking malware?

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Phishing Online and Mobile Banking Credential Security 66

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 warning coincided with separate reports related to Google and cybersecurity. Taking into account the estimated 30.2

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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.”

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Phishing PayPal Ransomware Cybersecurity 58

PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Less than half of IT professionals in the U.S.

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Cybersecurity Data Breach Phishing Privacy 59

Neopay

JANUARY 22, 2025

Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods. Recent research by Signicat reveals that AI-driven fraud now constitutes 42.5% Alarmingly, an estimated 29% of these attempts are considered successful.

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AI Deepfake Phishing Audit 59

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

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Deepfake Account Takeovers Identity Theft Scams 81

PYMNTS

APRIL 12, 2019

What’s clear is that GDPR intends to protect data, and researchers have already found a correlation between GDPR-compliant businesses and lower rates of data breaches – perhaps the result of organizations’ prioritizing and investing more in cybersecurity and data protection initiatives to become compliant.

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Cybersecurity Data Breach Breach Legal Framework 77

PYMNTS

MARCH 1, 2017

Security experts are practically begging corporates to get serious with cybersecurity. Google is a vocal player in the fight for enterprise cybersecurity. The phishing threat is even greater, with attackers more than six times as likely to hit a corporate inbox than a personal one, Google said.

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Cybersecurity Phishing Email Compromise Breach 48

PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. .

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

APRIL 22, 2020

Security experts at Google have identified over a dozen government-backed hacking groups trying to use the coronavirus pandemic to fuel malware and phishing attempts. In those cases, the fraudulent emails from hackers talk of virus infection spikes and ask for shared research from the officials.

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Phishing Research Government Governance 68

The Fintech Times

JUNE 12, 2025

Launched in partnership with blockchain security firms SlowMist and Elliptic , the 2025 Anti-Scam Research Report from Bitget coincides with the launch of the crypto exchange’s Anti-Scam Month, an initiative dedicated to security education and ecosystem-wide awareness. Our goal is to help users trade smarter, not just faster.”

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Deepfake Scams AI Phishing 45

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. Forty-seven percent of respondents said the reason they fell for a phishing scam was simply because they were distracted. In a survey of 1,000 U.K.

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Law Enforcement Scams Phishing B2B 101

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

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Cybersecurity Visa Data Breach Small Business 56

PYMNTS

FEBRUARY 1, 2021

Indeed, the latest research suggests that increasingly, cybercriminals are becoming more aggressive in their attacks on businesses and their finance departments. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports.

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Data Breach Breach Business Email Compromise Scams 136

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. The Bad Actors.

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Fintech News

JUNE 3, 2024

Despite its rapid growth, the APAC region remains the second smallest cyber insurance market globally, S&P Global says, a statement that aligns with findings of a Moody’s survey which revealed strong cybersecurity oversight among APAC players compared to global counterparts. trillion annually by 2025.

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PYMNTS

AUGUST 28, 2018

Phishing scams remain one of the most popular ways a cyberattacker can target a small business. In a new report from IT consulting firm Switchfast, researchers pointed to the emerging trend of “whaling” — a way for phishers to apply their strategy to upper-level executives within the enterprise in search of greater rewards.

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Phishing Scams Small Business Cybersecurity 40

PYMNTS

SEPTEMBER 28, 2020

In a report by OpenText , researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. Fifty-nine percent of survey respondents agree that phishing emails look more legitimate than ever before.

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Fintech News

JANUARY 17, 2024

Companies in the region report a 28 percent rise in cyber threats, highlighting the urgent need for robust cybersecurity measures. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

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Deepfake APACS Scams Authentication 125

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. ” Beazley researchers found that the mean for ransomware attack demands was $10,310, though one incident saw a demand for $8.5

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

MAY 17, 2017

The WannaCry malware that spread globally over the past weekend has cybersecurity researchers puzzled on a number of levels. The main question on researchers’ minds is how exactly WannaCry spread. The main question on researchers’ minds is how exactly WannaCry spread.

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Research Phishing Cybersecurity Bitcoin 40

PYMNTS

MARCH 12, 2018

An estimated 86 percent of companies around the world experienced at least one cyberattack last year, according to Kroll research, as cited by Insurance Business last week. Still, researchers found that cybercrime is the “most disruptive” to a small business. 55 percent of Canadian SMBs have experienced fraud in the last two years.

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Small Business Cybersecurity Risk Assessment Data Breach 54

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. This potential evolution compounds the circumstances regarding how the technology will impact fraud and cybersecurity measures, presenting significant risks and transformative opportunities. These advancements have changed the way we approach cybersecurity and fraud detection.

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Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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. Research and Markets wrote. “In

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Phishing Ransomware EMV CHIPS 45

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs.

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Data Breach Breach Small Business Business Email Compromise 80

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.

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FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

AUGUST 14, 2017

Researchers at FireEye, the security firm, said in a research report covered by Reuters that the Kremlin hackers were aiming to steal the password credentials for business travelers and Western government officials using Wi-Fi networks in hotels mainly in eight countries in Europe. We just don’t have the smoking gun yet.”

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Cybersecurity Phishing Governance Government 66

PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet.

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Ransomware FBI Phishing Treasury 123

Fintech News

FEBRUARY 8, 2024

As we delve into the critical role of digital transformation in finance, we draw on comprehensive research of HSBC’s study conducted by Toluna, which surveyed C-suite or business decision-makers across key global markets, including significant representation from the Asia-Pacific region.

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APACS Assessments Finance Blockchain 112

PYMNTS

NOVEMBER 2, 2016

According to a report , research suggests the U.K. Chancellor of the Exchequer Philip Hammond said, according to the report, that the country is “an acknowledged global leader in cybersecurity.” is a particular target for data breaches that involve compromised employee account data. Two years ago, the UK suffered from 2.5

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Cybersecurity Data Breach Phishing Compromise 68

Fintech News

MARCH 25, 2024

It typically operates by infecting a user’s device through various means, such as phishing emails, fake apps, or compromised websites. Findings of the Zimperium research corroborate with those of new survey conducted by EY and the Institute of International Finance.

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Mobile Banking Online and Mobile Banking Identity Theft Credential 119

PYMNTS

MARCH 29, 2019

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. Cybersecurity expert Bob Diachenko discovered the breach and contacted the Verifications.io The info did not contain passwords or credit card details. support team.

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Database Accounts Breach Phishing 74

PYMNTS

NOVEMBER 25, 2019

According to The Wall Street Journal , researchers at a Silicon Valley cybersecurity company discovered the cyberattack attempts. The hackers sent phishing emails to the utilities’ employees in an attempt to get malware — dubbed “Lookback” — installed on computers.

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FBI Phishing Breach Compromise 64

PYMNTS

DECEMBER 7, 2020

Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

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Business Email Compromise Scams Email Compromise Crime 91

PYMNTS

MARCH 18, 2020

Bad actors may research restaurants’ inbound shipments and send fake invoices, prompting restaurants to pay fraudsters before they receive real bills and become aware of their mistakes. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data. com” flagged. .

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Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70