PYMNTS

DECEMBER 5, 2019

which is the group of hackers behind the Dridex malware used in phishing email attacks. Treasury Department also said that he has provided “direct assistance” to the Russian government, and has ties to that country’s intelligence organization. Yakubets, who also has been known as “aqua,” has been cited as being the leader of Evil Corp.,

Treasury 52

Treasury Wire Wires Credential 52

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Tax season is upon U.S. small businesses, and fraudsters are taking advantage.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

NOVEMBER 27, 2017

Recent reports in Security Intelligence said the criminals are deploying custom phishing attacks against business customers of Canadian banks to gain access to their bank credentials, passwords and authentication codes. The attackers send a spear phishing email to a target with seemingly legitimate contents, including a bank logo.

Phishing 45

Phishing Treasury Cybersecurity Credential 45

PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent.

IRS 57

IRS Phishing Tax Refunds Returns 57

PYMNTS

SEPTEMBER 16, 2020

The Treasury Department has sanctioned two individuals from Russia for their alleged participation in a purported complicated phishing effort, according to a Wednesday (Sept. 16) press release. According to the release, the two people are also the subjects of an indictment that was made public by the Justice Department.

Phishing 55

Phishing Cryptocurrency Bitcoin Digital Currency 55

PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Department of the Treasury ’s Financial Crimes Enforcement Network (FinCEN) has known about the BEC, and has cautioned against opening such phishing emails.

BSA 49

BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

PYMNTS

JULY 4, 2016

According to FIS SVP of Mid-Market Treasury, Payments and Messaging Jerome Albus, along with President of Treasury Software Solutions Andrew Bateman, the U.S. “Recent merchant card processing breaches, coupled with the SWIFT hacks , cyberattacks and phishing, have treasurers on their toes.”

Treasury 41

Treasury Payments Fraud Detection Cross-Border 41

PYMNTS

MAY 22, 2018

Butler said cybercrimes are rapidly increasing their focus on identity theft , phishing and malware attacks. According to Reuters , during questioning from the Treasury Committee, the former business owners said the FCA was unable to handle serious complaints against the lenders it regulates. Staff in U.K.

Identity Theft 40

Identity Theft Crime Money Laundering Phishing 40

Center for Payments

NOVEMBER 21, 2023

The FBI warns consumers to be on the lookout for fake websites, counterfeit products, and phishing emails that appear to be coming from trusted retailers that consumers normally engage with. Remember, if a deal seems too good to be true, it probably is. Additional Tips Hot off the press, the U.S.

Holiday Scams 40

Holiday Scams Scams FBI Federal Trade Commission 40

PYMNTS

NOVEMBER 4, 2019

11 million is saved by organizations that adopt automation thanks to technology’s ability to detect phishing attacks, according to Agari’s latest Email Fraud and Identity Deception Trends report. consumers in the first half of 2019 , according to new analysis from Parliament’s Treasury Select Committee.

Checks 40

Checks Scams Law Enforcement Ransomware 40

PYMNTS

JULY 26, 2017

Phishing, ransomware, business email compromises, data theft and denial-of-service tactics can be especially harmful to FIs, and not only threaten the bank, but put the FI’s entire supply chain at risk, too.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

APRIL 7, 2017

Hall noted that among the most alarming statistics that loom from reports centered on cybersecurity, Verizon has noted that 63 percent of data breaches “happen because a login is compromised, whether it is stolen or whether it is phished …”. In the end, he stated, there is a fine line between authentication and usability.

Cybersecurity 40

Cybersecurity Authentication Security Breach 40

PYMNTS

FEBRUARY 9, 2018

Beyond China and South Korea, and here in the States, Treasury Secretary Steve Mnuchin and team are ramping up efforts to get regulations in place. Bad guys have been using a phishing scam to target employees at firms and grab hold of their paychecks, before said paychecks hit accounts. Talk about coming up short when the rent is due.

Direct Deposit 53

Direct Deposit Scams Regulations CFPB 53

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. The group advised businesses of all sizes on ways to defend themselves against phishing schemes, malware attacks and other intrusions.

Government 85

Government Governance Security Cybersecurity 85

The Fintech Times

JANUARY 13, 2025

It revealed that phishing had the biggest imprint on the web3 landscape and it wasn’t even close. The total amount of access control (38), exit scams (91), price manipulation (33) and private key compromise incidents (65) combined was still short of the total amount of phishing scams seen in 2024, with 296 counts.

Phishing 64

Phishing Cybersecurity Scams Compromise 64