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SMBs Severely Underestimate Data Breach Costs

PYMNTS

Information on phishing email or BEC scam campaigns, for instance, can be shared to help small businesses protect themselves before an attack occurs. 20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week.

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Threats, Risk Coming At Businesses From All Sides

PYMNTS

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Risk 43
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Bitget Wallet Launches BWB Token With Total Supply of 1 Billion

The Fintech Times

This system addresses a range of security challenges, including on-chain phishing and fraud, through comprehensive measures such as risk token detection, contract analysis, and more. Additionally, Bitget Wallet benefits from a shared $300million risk protection fund with Bitget, bolstering its risk mitigation capabilities.

NFTs 64
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Rethinking Checks’ Role In B2B Payments Friction

PYMNTS

Chanda explained Paymerang’s role is to handle that extra work for clients, including risk mitigation and data digitization. Companies that do this in-house tend to store that data in their ERP systems – not a very smart way to manage data there, as it is subject to potential breaches or phishing attacks.”.

Checks 43
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Mastercard Cybersecurity Toolkit Sheds Light On SMB Education Gap

PYMNTS

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. In a press release on Tuesday (Feb.

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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices. But in recent years, companies have generally moved away from cubicles toward open floor plans.

Posting 101
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Over 11,000 DBS and Bank of China Customers Affected by Ransomware Attack on Vendor

Fintech News

CSA is advising TNT on containment measures, while MAS is working with the affected banks on risk mitigation and customer outreach. Singapores Cyber Security Agency (CSA) and the Monetary Authority of Singapore (MAS) said they are supporting investigations into the breach.