Sections
Cyberattack
-
4.1KB2B PaymentsThanks To Ransomware, Bitcoin Leaves A Bad Taste In Corporates’ Mouths
The last several years have seen a surge in efforts among the cryptocurrency community to legitimize the technology. Once seen as a...
- 4.7KSecurity & Fraud
Insurance Brokerage Launches Cybersecurity Assessment Service
An insurance brokerage has launched an initiative to bring together some of the world’s biggest insurers for a collaboration on a cybersecurity...
- 3.4KSecurity & Fraud
Report: BEC Fraud Increasingly Goes Mobile
The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a...
- 4.8KSecurity & Fraud
Microsoft: State-Sponsored Hackers Siphoned Money From Several FIs
Microsoft’s lastest cybersecurity report has revealed that state-sponsored hackers have attacked several financial services firms, managing to steal “large sums of cash.”...
- 6.1KSecurity & Fraud
Symantec: Formjacking Is Cybercriminals’ Newest Scam
With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise...
- 3.6KB2B Payments
Businesses Fail To Manage Risk Despite Preparing For ‘Major Crisis’
Corporates aren’t prepared to tackle the headwinds of market risks, according to two separate reports released last week. FTI Consulting released its...
- 5.0KCryptocurrency
Crypto’s $2.5 Million Daily Fraud Problem
The big bitcoin and crypto breach events are well-known news items. There was the Mt. Gox hack that saw $473 million in bitcoin...
- 2.3KAmazon Profile
Five At Five: Amazon’s New Cashback Idea
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest move by...
- 4.2KSecurity & Fraud
Hackers Make $3.7M In Ryuk Ransomware Attack
Ryuk, a ransomware threat that has been spreading online, has earned the hackers more than 705 bitcoin in five months, which has...
- 4.1KSecurity & Fraud
Hospital Cyberattacker Receives 10-Year Prison Sentence
A Massachusetts man has been sentenced to more than 10 years in prison for a cyberattack that disrupted Boston Children’s Hospital‘s network...
- 5.1KSecurity & Fraud
Comcast Launches AI-Powered Cybersecurity Service
Comcast is releasing an artificial intelligence-powered service that will monitor, block and tell customers about online threats to devices connected to home...
- 4.7KFraud Prevention
What Lies Beneath: FIs’ Biggest Cyberthreat
Well, let’s start with the bad news first, even at the risk of robbing some of the joy and optimism that comes...
- 10.2KSecurity & Fraud
Warby Parker Cyberattack Affects 198K Accounts
Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to...
- 5.8KSecurity & Fraud
Experts Say China’s Cyberattacks To Intensify
China will not stop its cyberespionage campaign against America any time soon, an expert told CNBC. Michael Fuchs, a senior fellow at...
- 5.8KSecurity & Fraud
Microsoft Issues Emergency Internet Explorer Security Update
Microsoft issued an emergency security update for Internet Explorer after hackers were able to exploit a new flaw in several versions of the...
- 4.8KSecurity & Fraud
US Charges Loom Against Chinese Hackers
Criminal charges against a number of alleged hackers linked to China may come next week, levied by U.S. prosecutors, as reported by...
- 5.4KB2B Payments
Harry Potter And The Credit Card Scam?
Expense card scams can impact even beloved authors if a recent court case is any indication -- and in this case, JK...
- 4.0KSecurity & Fraud
Microsoft: India Cos Lose $10.3M From Cyberattacks Annually
A new study has revealed that a large-sized company in India loses an average of $10.3 million each year due to cyberattacks,...
- 6.3KSecurity & Fraud
Marriott CFO On Data Breach Cost: Too Soon To Say
After one of the largest data breaches in history, affecting an estimated 500 million guests, Marriott International Chief Financial Officer Leeny Oberg...
- 6.6KB2B Payments
The Security Threat Of Bank-FinTech Collaboration
When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode....
- 11.0KSecurity & Fraud
Why Consumers Will Shrug Off The Marriott Breach
In 1954, mathematician L.J. Savage published research about how consumers process information when making decisions. Dubbed the sure-thing principle, Savage’s work showed...
- 5.5KSecurity & Fraud
Hackers Use Crypto Mining Software To Attack Cos
Hackers might have another way to steal data from corporations: cryptomining software. Troy Kent, a threat researcher at Awake Security, presented his...
- 5.4KSecurity & Fraud
Cyber Insurance Disputes Rise With Attacks
With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done...
- 5.2KSecurity & Fraud
Glitch Exposes Amazon Customer Emails
In what it described as a “technical error,” Amazon confirmed Wednesday (Nov. 21) that some of its customer names and emails have...
- 4.3KSecurity & Fraud
Italian Certified Email Accounts Targeted In Cyberattack
The government of Italy was hit with a major cyberattack, violating data privacy by exposing thousands of Italian certified email accounts, including around...
- 7.3KSecurity & Fraud
Third-Party Data Breaches Rise To 61 Pct In US
Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. 15) the results of the third annual Ponemon Institute’s...
- 3.9KBusiness
Top Biz Risks: Cyberattacks, Governance, Changes In Oil Prices
The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among...
- 5.2KB2B Payments
Recent Bout Of SMB Cyberattacks Only The Beginning, Warns Zeguro
Recent years have forced many business owners to wake up to not only the threat of cyberattacks, but the massive repercussions if...
- 4.6KSecurity & Fraud
Nearly All Pakistan Banks Suffered Hack
In what is being viewed as a huge security breach, The Economic Times of India reported on Tuesday (Nov. 6) that nearly all...
- 7.2KSecurity & Fraud
Two Alleged Hackers Indicted In Florida For Lynda Breach
Following a data breach at learning platform Lynda in 2016, two hackers were indicted in Florida this month on charges of extortion...
- 6.5KCryptocurrency
North Korean Hacking Group Lazarus Takes In $571M
Internet hackers have pilfered $882 million of digital currency from crypto exchanges since last year, but one group in particular has netted...
- 6.3KSecurity & Fraud
Hackers Target IoT-Enabled Appliances To Spark Blackouts
A new study has found that hackers can use appliances that are connected via the Internet of Things (IoT) to set off...
- 3.7KFraud Prevention
NATO Cybersecurity Push Promises Lessons For Payments And Commerce
The business of payments and commerce is not war — despite all that tough motivational talk that insists otherwise, almost always from...
- 5.1KSafety and Security
Anthem Data Breach Garners $16M Fine
The nation’s second-largest health insurer will pay the government a record $16 million due to a data breach and cyberattack that exposed...
- 2.2KSafety and Security
WhatsApp: Bug That Enabled Hackers To Take Over Has Been Fixed
WhatsApp, the messaging app owned by Facebook, said on Wednesday (Oct. 10) that the bug that enabled hackers to take over apps...
- 2.7KNews
Five At Five: eBay Calls Out Amazon
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes tension between two big...
- 4.1KB2B Payments
N. Korea Cyber Group Using SWIFT To Steal From Banks: Report
A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of...
- 5.1KFacebook
EU Regulator Opens Facebook Cyberattack Investigation
Facebook’s lead EU regulator has started an investigation into the recent cyberattack on the social networking site. According to Reuters, the Irish Data...
- 2.9KSecurity & Fraud
Tesco Bank Fined £16.4M For 2016 Cyberattack
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack...
- 7.7KSecurity & Fraud
Big Banks See Uptick In Cyberattack Attempts
Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks. According to The Wall...
- 4.1KFacebook
Facebook Breach Exposes Data Of Nearly 50M Users
After coming across a breach earlier in the week, Facebook said on Friday (Sept. 28) that roughly 50 million of its users...
- 4.1KSecurity & Fraud
Deep Dive: How Retailers Guard Against Cyberattacks
PYMNTS explores the forces threatening consumer trust in this month’s Digital Identity Tracker™ Deep Dive, including how companies protect themselves while boosting...
- 5.5KSecurity & Fraud
Newegg Victim Of Data Breach That Lasted A Month
Newegg, the electronics retailer, was reportedly the victim of a data breach that lasted a month. According to a news outlet citing...
- 5.7KFraud Attack
Hacker Attack Exploits Security Hole In Token Exchange
A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of...
- 6.8KFraud Attack
North Korean Hackers Paid Using A Bitcoin Wallet
The alleged North Korean hacking of Sony, Bangladesh Banks and other targets stand as some of the most infamous cyberattacks yet experienced....
- 7.6KSecurity & Fraud
Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away...
- 3.1KSecurity & Fraud
F-Secure Researchers Find Security Weakness In All Modern PCs
F-Secure, the security firm, announced Thursday (Sept. 13) that consultants for the company have found a weakness in all modern computers that...
- 2.2KToday In Data
Today In Data: Fighting Fraud Without Frustrating Merchants
For all the time, energy and effort spent fighting fraudsters, they are persistent in looking for ways to fight back. The costs are myriad,...
- 4.3KB2B Payments
Businesses Urged Not To Pay Ransom To Cyberattackers
Small business owners are making a grave mistake if they assume their firms are not a prime target for cyberattackers. Not only...
- 4.6KSecurity & Fraud
Researcher Says British Airways Hack Due To Skimming Malware
RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming...
