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

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

MAY 1, 2017

Phishing attacks can happen to even the most vigilant among us. Department of Justice (DoJ) announced plans to charge a man allegedly responsible for an $100 million business email compromise scam. Research from Proofpoint found a 45 percent spike in BEC attacks in the last quarter of 2016 compared to Q3.

Scams 47

Scams Business Email Compromise Email Compromise Identity Theft 47

PYMNTS

MARCH 1, 2017

Research released only days ago from Centrify found that two-thirds of surveyed companies have experienced at least five security breaches in the past two years, while separate analysis from the Identify Theft Resource Center and CyberScout have pegged 2016 as a record year for cyberattacks in the U.S.

Cybersecurity 48

Cybersecurity Phishing Email Compromise Breach 48

PYMNTS

SEPTEMBER 8, 2020

80,000 is now the average amount phishers demand from their business email compromise targets , according to new research from the Anti-Phishing Working Group (APWG) in its second-quarter 2020 Phishing Activity Trends Report. million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. The publication, citing Agari research, warned that the tactic makes BEC scammers’ messages all the more convincing. Other attacks hit small businesses with demands as low as $1,500, researchers found. million, thanks to a phishing scam.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

FEBRUARY 20, 2020

The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy. ” However, the research showed that CFOs aren’t always the ones behind fraud, and are sometimes pressured to take part.

Romance Scams 56

Romance Scams Email Compromise Business Email Compromise Phishing 56

PYMNTS

AUGUST 8, 2018

Business Email Compromise scams continue to grow and steal more corporate money than ever before. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

DECEMBER 17, 2019

The targets are procurement websites in which governments place notices for purchasing all sorts of products such as trucks and desks, IT World Canada reported, citing a report from The Anomali Threat Research Team. The scam begins when a company gets a bogus invitation via email to place a bid on a government contract.

Credential 40

Credential Scams Email Compromise Business Email Compromise 40

PYMNTS

DECEMBER 8, 2020

According to cybersecurity experts, email scams rise during the holidays, with business email compromise (BEC) an especially concerning scam. charities say they have been the victim of a cyberattack during the pandemic, a survey from Ecclesiastical Insurance found, with phishing attacks the most common scam seen.

FBI 71

FBI Business Email Compromise Scams Mitigation 71

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

MAY 12, 2017

. …………… Here are other top cybersecurity stories that made headlines this past week: One Million Gmail Users Affected By Google Docs Phishing Scam. percent of total users) were affected by an email phishing scam. FBI Sees Wire Fraud Via Email Grow In 2016. billion across organizations.

Business Email Compromise 51

Business Email Compromise ATM Phishing FBI 51

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. Researchers advised small business owners to not download any email attachments from an unnamed address.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

MARCH 21, 2019

As researchers at Agari reported, business email compromise (BEC) attacks have been going mobile. As reported in Credit Union Times , the attacks are still done through email, but also look for mobile number details to “better coerce” intended victims to funnel funds to bad actors’ accounts. phone number.

Business Email Compromise 45

Business Email Compromise Scams Email Compromise Compromise 45

PYMNTS

DECEMBER 4, 2018

The Financial Times , citing cyber threat detection company Agari, reported the group, which goes by the name London Blue, is focusing on the business email compromise scam. It is pure social engineering,” Crane Hassold, senior director of threat research at Agari, told the Financial Times. or the U.S.

Law Enforcement 46

Law Enforcement Email Compromise FBI Scams 46

PYMNTS

JANUARY 30, 2017

Researchers found that businesses saw 45.2 Hacking, skimming and phishing attacks are once again the most common type of data breach attack, making it the eighth year in a row for this type of data breach, researchers said. percent of the total 1,093 data breaches hitting U.S.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

OCTOBER 3, 2017

isn’t the only place where business email scams are threatening the enterprise. New research from RSM, which provides consulting services to middle-market firms, finds that U.K. 2), which highlighted RSM’s research, U.K. Earlier this year, TD Bank warned that this scam, known as the business email compromise in the U.S.,

Email Compromise 41

Email Compromise Scams NACHA Compromise 41

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Researchers noted that it’s not surprising that some businesses are so willing to pay the ransom.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

PYMNTS

JULY 5, 2019

Drilling down a bit, research databases such as FactSet state that the verticals most markedly impacted thus far include tech , where components make their way, generally, from Asia to these shores. BEC: Fraudsters are leveraging variants in business email compromise (BEC) fraud, finding new ways to siphon off money from corporates.

Business Email Compromise 51

Business Email Compromise Email Compromise Phishing Database 51

PYMNTS

MAY 2, 2017

In other news of note from the Facebook space, it recently came to light that the social media giant, along with Google, were the heretofore unnamed victims of a combined $100 million phishing attack earlier this year. Research from Proofpoint found a 45 percent spike in BEC attacks in the last quarter of 2016 compared to Q3.

Business Email Compromise 43

Business Email Compromise Email Compromise Scams Phishing 43

PYMNTS

JANUARY 23, 2017

New research from the realms of supply chain management, financial services and SMEs uncovers how businesses today are approaching risk mitigation and which threats are instilling the most fear. Increased global competition is also a top concern for these professionals, the research found, with 42 percent citing this specific threat.

Risk 43

Risk AFP Identity Theft Email Compromise 43

PYMNTS

APRIL 9, 2018

Gemini Advisory, which first identified the breach at Hudson’s Bay, suggests human error was to blame: An employee likely clicked on a malicious link sent via a phishing scam. Gartner research director Ruggero Contu cited high-profile attacks, like the Equifax breach , as a key motivator behind this spend. Estimates from Gartner, Inc.

Data Breach 49

Data Breach Breach Cybersecurity Phishing 49

PYMNTS

AUGUST 10, 2018

The research , conducted by Deloitte, found that 80 percent of small businesses aren’t taking advantage of digital solutions like data analytics. Those threats are vast, but Womply’s own research has found that most of these attacks are in the form of phishing and business email compromise (BEC) scams.

Cybersecurity 40

Cybersecurity Small Business Phishing Email Compromise 40

CB Insights

JULY 23, 2020

While some studies suggest that low doses of certain forms of UVC light, such as far-UVC, are safe for humans, more research is needed to understand the efficacy of light purification technology for sanitizing. Nonetheless, the CDC still recommends that businesses examine and consider improvements to ventilation. Source: NPR via Twitter.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

DECEMBER 7, 2018

The scope of the scam comes courtesy of cyber threat detection firm Agari, which has said the group, London Blue, seeks to ply its trade through the business email compromise (BEC) effort. The emails try to get the victims to send money to accounts – and the money, of course, is likely to disappear forever. “It

Scams 68

Scams Credit Cards Email Compromise Business Email Compromise 68

PYMNTS

DECEMBER 14, 2020

Security experts have advised individuals to be extra vigilant during the busy holiday shopping season, and also warned corporate users working remotely to be aware of a rise in business email compromise (BEC) scams that target players in the COVID-19 vaccine supply chain.

Governance 85

Governance Government Security Cybersecurity 85