Remove Identity Theft Remove Law Enforcement Remove Phishing
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Hacker Hits Italy-Owned Bank’s Emails, Data Breach Unknown

PYMNTS

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. Italian law enforcement officials said the country has seen a rise in this kind of activity.

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What is eCommerce Fraud?

Fi911

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes.

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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. When reporting the breach, law enforcement or another party helping to act on the breach will use this information to determine and advise on the next steps. Secret Service offices.

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

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Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. Rise in Phishing Attacks and Data Breaches. Phishing attacks can also target CU employees.

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Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

. “But many times, it’s literally just the shame they would feel in reporting the attack to customers and law enforcement.” With malware often finding its way into an enterprise via phishing emails that fool employees, adequate worker education is paramount.

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Some of the Top Fraud Events and Scandals in Payments

Clearly Payments

The stolen data was then exfiltrated from the network and, ultimately, used for fraudulent purposes, including unauthorized purchases and identity theft. Operation Phish Phry (2009) Operation Phish Phry stands as a testament to the cunning and audacity of cyber criminals orchestrating large-scale payment processing fraud.