PYMNTS-MonitorEdge-May-2024

social engineering

Why Business Email Compromise Scams Target Valuable B2B Relationships
Why Business Email Compromise Scams Target Valuable B2B Relationships
August 14, 2024  |  Security & Fraud

Email remains a cornerstone of communication, especially within business-to-business (B2B) relationships. This reliance on email, however, has also made it a prime target for savvy...

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AI-Powered Vacation Scams Show Up Right on Time
AI-Powered Vacation Scams Show Up Right on Time
June 24, 2024  |  artificial intelligence

As travelers pack their bags for long-awaited summer trips, a new breed of scammer is tagging along — powered by artificial intelligence (AI). From fake...

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Cybercriminals Are Invading Corporate Inboxes: What Small Businesses Can Do
Cybercriminals Are Invading Corporate Inboxes: What Small Businesses Can Do
April 09, 2024  |  Cybersecurity

Behind every business is a group of individual employees. And, in most cases — and for most firms — those individuals use their work, or...

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Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
February 05, 2024  |  Security & Fraud

What’s better than $10,000? Try $25 million. That, it appears, is the thinking of an emerging cohort of bad actors and financial criminals behind a...

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Simple Hacking Techniques Prove Successful in 2023 Cyberattacks
Simple Hacking Techniques Prove Successful in 2023 Cyberattacks
December 27, 2023  |  Cybersecurity

Cybercriminals have shown over the past year that sophisticated technology is not always necessary to carry out successful cyberattacks. Several incidents in 2023 have highlighted...

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Fraudsters Cook Up Slicker Recipes as More Transactions Move Online
Fraudsters Cook Up Slicker Recipes as More Transactions Move Online
December 18, 2023  |  Fraud Attack

Financial fraud remains a persistent challenge across industries, and its threat is further sharpened by technological complexity and the growing sophistication of bad actors.  “Fraud...

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’Tis the Season for Fraudsters and Gift Card Scams
’Tis the Season for Fraudsters and Gift Card Scams
November 06, 2023  |  Security & Fraud

The holidays are upon us, and gift cards remain a favorite to give and receive. And the fraudsters lie in wait — armed with advanced...

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Social Engineering Enabled $37 Million Theft From Crypto Firm CoinsPaid
Social Engineering Enabled $37 Million Theft From Crypto Firm CoinsPaid
August 07, 2023  |  Cryptocurrency

Social engineering enabled the July 22 hacker attack and theft of $37 million from crypto payments provider CoinsPaid. The hackers gained access to an employee’s...

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Best Line of Payments Fraud Defense: A Harder Target
Best Line of Payments Fraud Defense: A Harder Target
September 28, 2022  |  Security & Fraud

No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging...

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