CB Insights

AUGUST 23, 2017

Given the rising quantity and severity of cyber attacks, cybersecurity continues to be one of the hottest tech sectors in recent history. As companies and governments look to better secure their networks, data, and devices, investors have been making more deals to private cybersecurity companies than ever before. in Q2’17.

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Cybersecurity Acquirers Security Use Case 55

CB Insights

DECEMBER 2, 2020

Fintech Smart Money VCs are showing a strong interest in the digital ID space — a narrow area at the intersection of cybersecurity, regulatory technology (regtech), and fintech. Of the 25 CB Insights Fintech Smart Money VCs , 15 have placed bets in the digital ID tech space since 2015. Become a CB Insights customer.

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Technology FinTech Money Laundering AML 73

PYMNTS

FEBRUARY 2, 2017

And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. With several types of fraud threatening the business today, spending on cybersecurity measures is spiking — big time. Beyond Fraud.

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Security Encryption Cybersecurity Mitigation 65

PYMNTS

FEBRUARY 28, 2019

Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018. According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. ” Business Partners At Risk.

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Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

OCTOBER 28, 2019

The Italian bank indicated that a 2015 file containing customers’ names, addresses, emails and phone numbers was compromised. billion) on cybersecurity enhancements. In the battle for cybersecurity , Visner said that adversaries are not “bulletproof super villains. In the past three years, UniCredit has spent €2.4 billion ($2.7

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Data Breach Cybersecurity Breach Credential 40

PYMNTS

APRIL 21, 2017

Or take payments company First Data, which acquired open source storefront platform Spree Commerce in 2015 in a significant show of support for open source technology. Reading this report should be a wakeup call,” warned Chris Fearon, Director at Black Duck’s Open Source Security Research Group, the security research unit of COSRI.

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Risk Cybersecurity Audit Ubiquitous 43

CB Insights

NOVEMBER 7, 2017

This research briefing analyzes the corporations working on auto tech initiatives, the startups looking to transform the future of transport, and the array of industries that face upheavals from these trends. Connected vehicle cybersecurity: As connected vehicles have proliferated, so have firms focused on securing them.

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Cybersecurity Acquirers Database Automation 40

PYMNTS

DECEMBER 8, 2016

“After $100M+ checks flowed freely to VC-backed companies through much of 2015, the mega-round trend has settled into a lower range through 2016,” concluded KPMG and CB Insights in their Q3 2016 venture capital report. Many of the focuses of these APAC FinTech startups, researchers found, have broad potential for B2B applications.

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B2B B2C APACS FinTech 79

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based based Kryptos Logic, was arrested earlier this month in Las Vegas for building and selling malicious code known as “Kronos,” which was used to hack into and steal banking credentials between July 2014 and 2015. On Monday (Aug.

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Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

MAY 13, 2016

The program, which was piloted in August 2015, is available to SMBs with short-term cash needs who have also been Wells Fargo customers for at least a year. Sizzle/Fizzle Spotlight | Cybersecurity. Red hot not all that long ago, cybersecurity stocks could use some security of their own. percent from the day before.

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PYMNTS

DECEMBER 7, 2017

It could happen again, according to cybersecurity firm Kromtech — and this time with regular people. That’s on top of the massive hack that compromised the site in 2015. One would think the 2015 incident had dished up enough bad karma to discourage users from returning, but that has not been the case.

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Cybersecurity Compromise On-Demand Research 40

PYMNTS

DECEMBER 5, 2018

When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode. The research was published the same month in which another third-party cyber incident nabbed headlines. Hospital network Atrium Health revealed that the data of up to 2.65 But the cyber risk is new.”

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Risk Mitigation Security Data Breach FinTech 76

PYMNTS

SEPTEMBER 24, 2018

Recently published research noted global fraud losses could top $6 billion by 2021, more than doubling the $3 billion lost worldwide in 2015. Many companies appear to be increasing their investments in cybersecurity solutions amid such a wide variety of attacks being employed by fraudsters and bad actors.

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AI Account Takeovers Data Breach Cybersecurity 78

PYMNTS

SEPTEMBER 1, 2017

The cybersecurity industry has some of the brightest minds in technological innovation focused on safeguarding the enterprise. Cybersecurity is a constant cat-and-mouse situation,” explained Dominic Chorafakis, principal consultant at cybersecurity firm Akouto Consulting , in a recent interview with PYMNTS. The problem?

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Cybersecurity Breach Consulting Small Business 52

The Fintech Times

APRIL 23, 2024

In its latest bank security investigation, researches tested banking website and app security across four key criteria – login procedures, security best practice, account management and navigation and logout, which were amalgamated to give a total score and revealed a variety of concerns. While Which?

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Addressing Online and Mobile Banking Security Best Practices 69

PYMNTS

DECEMBER 12, 2018

The cybersecurity firm McAfee released research on Dec. The attack could be linked to the Lazarus Group , a collective of cybercriminals that’s been associated with North Korea, as the source code of the attack drew from the group’s 2015 hack of South Korea. 12 illustrating the campaign, called Operation Sharpshooter.

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Phishing Cybersecurity Origination Research 40

PYMNTS

JULY 13, 2016

The Federal Reserve has taken cybersecurity to task with its latest efforts to consider safeguards for the financial services sector, but the Fed isn’t the only U.S. government entity looking at cybersecurity. Congressional lawmakers last week heard testimony on the risks small businesses face with regards to cybersecurity.

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Risk Cybersecurity Small Business Federal Reserve 40

PYMNTS

OCTOBER 18, 2016

In the context of separate research that found SMEs in the U.S. According to the data, the cost of the average data breach on a Canadian SME increased from $250 to $278 compared to 2015 analysis. According to IBM And Ponemon researchers, certain industries are particularly at risk when it comes to data breaches.

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Data Breach Breach Small Business Cybersecurity 77

PYMNTS

JUNE 2, 2017

Symantec, a cybersecurity firm that specializes in research and cloud-based security, released new insights surrounding financial malware and ransomware in its latest Internet Security Threat Report (ISTR). Last year, the country made up 37 percent of detections – an increase from 34 percent in 2015.

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Ransomware Online and Mobile Banking Cybersecurity Authentication 46

PYMNTS

NOVEMBER 15, 2016

Research by Kaspersky Lab revealed that when the holiday shopping season unofficially kicks off on Block Friday, the number of financial phishing attacks is expected to surge. Over the last few years, researchers have noted that the peak season for sales can also be a peak busy season for cybercriminals. In 2015, 34.33

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Phishing Blocks Research Transactions 72

PYMNTS

MARCH 30, 2016

Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems.

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EMV Point-of-Sale (POS) CHIPS Cybersecurity 47

PYMNTS

MAY 2, 2016

We break down all of the risky business of B2B finance, cybersecurity and trade below. billion will be generated by the cloud security industry by 2020, researchers from Allied Market Research concluded. percent compound annual growth rate between 2015 and 2020, with North America dominating the cloud security sector.

Risk 41

Risk Cybersecurity B2B Small Business 41

CB Insights

MARCH 19, 2019

Google started the trend when it open-sourced its TensorFlow machine learning library in 2015, and major tech players followed suit. Research into capsule networks is in its infancy, but could challenge current state-of-the-art approaches to image recognition. Next-Gen Prosthetics. Generative Adversarial Networks (GANs).

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AI Research Enrollments Cybersecurity 78

PYMNTS

SEPTEMBER 7, 2016

That’s according to cybersecurity research firm Kaspersky Lab based out of Russia but registered in the U.K. The targeted version 6, Marshmallow, was launched by Google in 2015 with multiple built-in safeguards to combat attacks such as these. The malware targets users’ banking apps and steals credit card information.

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Blocks Cybersecurity Credit Cards Mobile Banking 41

The Fintech Times

MARCH 20, 2024

According to research from UK Finance , half of all payments (50 per cent) in the UK were made using debit cards in 2022. While the companies involved have attributed the problems to technical issues, there’s also speculation about potential cybersecurity attacks. Action is urgently needed to solve the UK’s banking deserts.

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Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

NOVEMBER 18, 2016

Along with CB Insights, KPMG researchers found in their latest quarterly analysis that FinTech investment by venture capitalists declined across the globe in Q3 of this year. Cybersecurity. It’s been a good year for cybersecurity startups, and RiskIQ’s latest funding round hints that the industry isn’t slowing down.

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B2B FinTech Cybersecurity On-Demand 74

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. One notable phishing attack occurred in 2015, when healthcare giant Anthem suffered a breach that compromised more than 80 million patient records. million in 2019 — a 1.5

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Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

JUNE 13, 2016

According to researchers, the data suggests corporate treasurers need to take a multi-layered approach to cybersecurity, and that includes across all payment processes. According to researchers, the data suggests corporate treasurers need to take a multi-layered approach to cybersecurity, and that includes across all payment processes.

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Research Government Governance Finance 41

PYMNTS

FEBRUARY 14, 2017

BigCommerce, a leading cloud-based ecommerce platform provider for SMBs and enterprise businesses, yesterday announced a partnership with world cybersecurity leader Symantec. According to data from Juniper Research cited by BigCommerce, the cost of data breaches is projected to rise to some $2.1

Security 43

Security Encryption Best Practices Data Breach 43

PYMNTS

JUNE 10, 2019

As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale. The fraud evolved into romance scams a few years later, then BEC scams in 2015. “I

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

CB Insights

NOVEMBER 15, 2017

Supply Chain and Logistics Research Briefing. In this research briefing, we look at investment trends, major acquisitions, and how specific companies are making inroads in the space. The startup received $120K in funding from Barclays Accelerator in 2015. ” – Ramesh Gopinath, VP of Blockchain Solutions at IBM.

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Blockchain Cybersecurity Cryptocurrency Research 54

PYMNTS

JUNE 9, 2020

The company’s director, Sumit Gupta, “was indicted in California in 2015 for his role in a similar hack-for-hire scheme,” Citizen Lab said. “We The Citizen Lab report links Dark Basin “with high confidence to individuals working at an Indian company named BellTroX InfoTech Services,” which uses other names as well.

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Correspondent Phishing Research Authorization 52

PYMNTS

MARCH 20, 2017

The research into the breach points to a point-of-sale (POS) terminal provider called Datapoint POS, which KrebsOnSecurity said also has a warning from Google when searched. That was when the QSR chain said the frequency of attacks skyrocketed, though there is evidence to support a hacked POS system in some of its stores as far back as 2015.

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Breach Point-of-Sale (POS) Compromise Credit Cards 46

PYMNTS

SEPTEMBER 23, 2016

According to new research, despite the fact that cybersecurity has captured the attention of the C-suite, many IT professionals still rate their companies very low when it comes to security practices and procedures. Securing IT infrastructure has reached a critical tipping point.

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Central Bank Breach Procedures Cybersecurity 73

PYMNTS

DECEMBER 18, 2017

Financial management and strategy is now only part of the job description, which has come to include guiding their organizations’ tech adoption, cybersecurity efforts and growth strategy as well. PYMNTS takes a look at the latest research on CFOs around the world and how they’re responding to regulatory pressures.

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Research Cybersecurity Laws Governance 43

PYMNTS

MARCH 22, 2016

In fact, in 2015, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1 The nuts and bolts of the the hospital story began last month in Los Angeles with $17,000 worth of bitcoin being paid out to hackers who took down a computer system — which, of course, included vital medical records.

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Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

JULY 1, 2016

Singapore’s GDP was roughly $407 billion in 2015. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape.

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Bitcoin Cybersecurity Innovation Governance 53