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Cognizant Corporate Cards Targeted In Cyberattack

PYMNTS

The company said associates with active cards will be given credit and identity theft monitoring services, courtesy of privacy technology company ID Experts. Also, the FBI has been called to assist with finding out the perpetrator.

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FBI Director: China Wants To Steal US Tech By ‘Any Means Necessary’

PYMNTS

Christopher Wray, the director of the FBI, said China wanted to steal U.S. As I stand here talking with you today, the FBI has about 1,000 investigations involving China’s attempted theft of U.S. Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

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5 Ways to Combat Fraud During the Holidays

FICO

Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. With that in mind, there are actions you can take right now to protect yourself from fraud and identity theft. This will also freeze all of the accounts associated with your identity.

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FBI Presents Theory On How Yahoo’s Breach Went Down

PYMNTS

During a follow-up briefing on Wednesday (March 15), the FBI shared its insight on how Yahoo’s user data and technology was compromised so significantly over a two-year period. From there, hackers gained access to Yahoo’s internal networks, and the rest has gone down in cybersecurity history.

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How Neiman Marcus Uses AI To Fight Fraudsters

PYMNTS

As fraudsters grow bolder, these brands are racing to implement new fraud protection services, as more instances of identity theft, digital payments fraud and gift card fraud emerge. Luxury retail brands are seeing increasingly varied forms of fraud, from online identity theft to straightforward, old-fashioned counterfeiting.

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Email B2B Scams Cost $26B Over Last Three Years

PYMNTS

This is not the first time the FBI has sounded a warning about business email compromise. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. Fraud Trends. billion in 2018.

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What to do if your company suffers a data breach

VISTA InfoSec

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. You can also include links to up-to-date information on identity theft if appropriate. This must be done using the electronic notice forms online. Secret Service offices.