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Fraudsters Are Posing As The FTC To Scam Consumers

The United States Federal Trade Commission (FTC) has warned the public to be cautious if contacted by people claiming to be... FTC staff. In a warning published on its website , the FTC said that scammers were using its employees' real names to steal money from consumers. A typical ruse will see the bogus FTC staffer advising someone to wire or transfer money to "protect" it, send a victim to a...
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The Financial Sector Is Refocusing on Cybersecurity

In 2024, transformation is reshaping industries, and the financial sector stands at a crucial juncture. The Softcat Business Tech Priorities Report , a comprehensive survey encompassing over 4,000 customers across various sectors, sheds light on this transformation. Significantly, cybersecurity has emerged as the paramount concern for financial institutions for the second consecutive year. This...
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Outsmarting PayPal Scammers to Keep Your Cash Safe

Over the years, PayPal has earned a reputation for being a secure and easy way to send and receive money. However, no payment system is entirely immune to scams , and cybercriminals often exploit these platforms due to their widespread popularity and trust among users. PayPal is the most widely used online payment system in the US, making it a compelling target for scammers looking to capitalize...
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New Canadian Cyberattack Data Says 80% of SMBs Are Vulnerable

If you were to take a look at the cybersecurity news cycle, you’d be forgiven for thinking that it’s only large enterprises with expansive customer bases and budgets that are the most vulnerable to attacks. But that’s not entirely true. Even if it’s at a much smaller scale, small- and medium-sized businesses (SMBs) still have stores of sensitive information that’s appealing to bad actors — and...
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Are Financial Services IT Pros Overconfident in Data Breach Detection Skills?

Tripwire studied confidence vs. knowledge of financial services IT security pros on seven key security controls necessary to detect a data breach. For many controls IT pros believed they had the information necessary to detect a breach quickly but provided contradictory information about the specific data.
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Five Men Arrested in Connection with the 2014 JPMorgan Hack

In August of 2014, it was reported that a group of hackers had exploited a vulnerability in the websites of JPMorgan. After breaking into the company’s network, the attackers then allegedly staged additional attacks that were custom-made to JPMorgan’s servers, which gained them access to internal systems on which customer account data was stored. Several months later, investigators revealed that...