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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The former NAB employee was found guilty and sentenced to eight years in prison.

Data 341
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BEC Run Out Of Detention Center Nets Millions

PYMNTS

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. The scam, which used those devices and deployed email methods, netted more than $3 million in Australian currency.

Idaho 153
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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Fraud 148
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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

The bank robbers who decades ago would have pulled off in-person heists have in many cases instead become cybercriminals who hack into mobile accounts, purchase stolen credit card information on the dark web and impersonate customers online or over the phone. These days, we all have a mobile device we all carry,” Wilson noted.

Fraud 139
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Health Care Companies Data At Risk Of Being Compromised

PYMNTS

Newkirk issues identification cards for insurance plans, and in early July, it discovered a server that housed information on members of payer organizations was accessed without the proper authorization. Social Security numbers, medical information, bank account numbers and claims information were not part of the hack.

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Uber’s Rough Ride Of A Week

PYMNTS

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. drivers’ license numbers. drivers’ license numbers.

New York 144
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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Snoopwall landed a cool million for its security solutions. Data security for financial institutions. Loyalty card platform. HQ: Missouri City, Missouri. Tags: Consumer, investing, real estate, wealth management. Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2