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Hackers Targeting Payroll Direct Deposit

PYMNTS

experts warned of a type of payroll scam that sees fraudsters diverting direct deposits from employee accounts to criminal accounts. In many circumstances, they are effectively spoofing the sender’s account, and employers are learning of the scam when employees begin reporting that they did not receive their direct deposits.

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The Big Spike In ‘CEO Fraud’

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Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. As for the scams themselves, those varied widely both in terms of tactics and targets. And while the BEC is not the most common form scam, it is a lucrative one.

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CapOne Back Online After Major Outage

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1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported. . Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts.

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Capital One Resolves Glitch Keeping Customers From Their Money

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1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported. . Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts.

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Today In Payments: US Firms In China Could Miss Projections By 50 Pct; Square Cash App Users Grow 60 Pct YOY

PYMNTS

The company, which collects billions of photos off the internet and uses them for facial recognition technology, said it fixed the problem that caused the data breach. Biweekly direct deposit is losing its gleam — more Gen Z candidates expect to access their earnings instantly via ready-to-use payment tools.

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How Payroll Partakes In The Back-Office API Ecosystem

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“Our industry used to be payroll, tax filing and direct deposit. Now, those systems are often integrated into a single database or exchange data via tools such as APIs.” “Education is the number-one way employers can protect their payroll data.” That’s it,” he said. ” he said.

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Why Context Is Important In Commerce

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82 percent : The share of consumers who make use of direct deposit. 41 percent : The share of consumers who reported trusting Facebook after the Cambridge Analytica data scandal. Context — and the ability to leverage it — is not easy to create, but it pays big dividends when done right.