The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

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Cybersecurity Ransomware RDC Credential 139

PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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Ransomware End User Crime Authentication 62

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

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Phishing Ransomware EMV CHIPS 45

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. When a threat is detected, AI can isolate affected systems, block malicious IP addresses, and prevent the spread of malware. Addressing these challenges is essential for maximising the benefits of AI.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

Ransomware 49

Ransomware End User Crime Law Enforcement 49

VISTA InfoSec

JANUARY 29, 2024

The prevention, detection, and addressing of malicious software (malware) is ensured. 5.3 Users are protected against phishing attacks through anti-phishing mechanisms. This includes viruses, worms, Trojans, spyware, ransomware, keyloggers, rootkits, and malicious code, scripts, and links. PCI DSS v3.2.1 PCI DSS v4.0

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PCI DSS Phishing Best Practices Procedures 130

PYMNTS

OCTOBER 5, 2020

The companies were recipients of emails that appeared to be from a standard procurement address or a person who indicated that his or her position was the chief procurement officer. Microsoft said that the most typical reason for its “incident response engagements” from October of last year to July of this year was ransomware.

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Ransomware AFP Breach Payments 54

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

SEPTEMBER 8, 2020

949 gigabytes of confidential data have been accessed by ransomware attackers targeting IT distributor Ma Labs , reports in CRN said, an attack that has stalled the company's operations and left its customers in limbo. million per targeted attack. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

JUNE 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

Phishing 43

Phishing Scams Regulations Rules 43

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack and the 2014 attack on Sony Pictures Entertainment. Writ large, the attack and entré into the Bangladesh Bank two years ago took place by sending phishing emails to employees of the bank and — upon snaring some unwitting victims — gaining access to SWIFT. The Methods. The Bangladesh Bank Hack.

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SWIFT Phishing Ransomware Central Bank 75

PYMNTS

OCTOBER 15, 2018

Researchers advised small business owners to not download any email attachments from an unnamed address. To protect themselves, small business owners should type their online banking web addresses manually into their web browsers, SCORE said. 133,000: the average cost of a ransomware attack on a small business. .

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Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

APRIL 29, 2016

The annual study found that hackers are continuing to rely on attack methods such as phishing and ransomware , both of which enable them to capitalize on the element of human error. And understanding is the first step toward addressing that threat.”

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Phishing Data Breach Law Enforcement Ransomware 44

The Fintech Times

DECEMBER 11, 2023

“The potential for more realistic phishing attacks and the spread of disinformation, leveraging AI’s ability to mimic different personas convincingly, will be a part of this. “The ominous spectre of ransomware looms larger than ever, casting a long shadow over the digital landscape.

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Cybersecurity Ransomware Authentication AI 107

PYMNTS

AUGUST 13, 2019

In Arlington County, Virginia, government payroll systems were targeted in a phishing attack in July despite the county allocating $60,000 to educate government employees on how to spot and avoid a phishing scam email. Similar cases are arising in the private sector, too.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

The Fintech Times

AUGUST 14, 2024

Sevnety-three per cent of firms are implementing solutions to address the deepfake threat. Meanwhile, ransomware (63 per cent) and phishing/social engineering attacks (61 per cent) also continue to be methods used by criminals. Sixty-four per cent of respondents identified password breaches as a common means of attack.

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Deepfake AI Phishing Ransomware 75

PYMNTS

MAY 19, 2017

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. It is unusual for ransomware to have network worm capabilities,” Douthwaite said. If users didn’t pay within that time frame, the ransom would double.

Ransomware 46

Ransomware Cybersecurity Bitcoin On-Demand 46

The Fintech Times

JUNE 20, 2024

No bank is immune to this threat, with ransomware attacks on financial services increasing from 55 per cent in 2022 to 64 per cent in 2023. This could include staff falling victim to phishing scams or maliciously exploiting their access privileges. For banks, a successful cyber-attack can bring about monumental financial losses.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

MAY 12, 2016

It looks as though even the House of Representatives isn’t safe from the threat of ransomware attacks. It’s unknown how many of the phishing attacks were actually successful, what type of data was compromised or even if a ransom was actually paid. The recent attacks have focused on using.js

Ransomware 41

Ransomware Encryption Phishing Cybersecurity 41

PYMNTS

MARCH 26, 2020

Fraudsters weaponize automated bots to skim data from Axos and other financial institutions (FIs), stealing customer data such as Social Security numbers, credit card data and home addresses. “As There used to be a time [with] simple techniques of detection, such as someone accessing a bank from an IP address that is outside of the U.S.,”

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Bots Ransomware Blocks Credential 56

PYMNTS

FEBRUARY 20, 2019

19), Mastercard announced the launch of its Cybersecurity Toolkit for SMBs, an online resource developed in partnership with the Global Cyber Alliance (GCA) that provides entrepreneurs and business executives with guidance and tools to address the threat of cyberattacks on their companies. In a press release on Tuesday (Feb.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Threat actors employ various methods and techniques to execute data breaches.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

FEBRUARY 24, 2017

“Although there are technical mechanisms to detect and prevent malicious attacks, the underlying root cause is still the user doing something they shouldn’t, whether it be clicking on a link in a phishing email, opening an unsuspecting email attachment or downloading internet content from an untrusted source,” he continued.

Data Breach 68

Data Breach Breach Cybersecurity Laws 68

CoinRemitter

MAY 20, 2024

billion worth of crypto was sent to illicit crypto wallet addresses. Common cryptocurrency wallet attacks Phishing: Phishing is a common way scammers trick people in both cryptocurrency and traditional systems. In 2023, cybercriminals using ransomware attacks extracted over $1.1 Instead, consider cold storage.

Scams 40

Scams Cryptocurrency Security Phishing 40

PYMNTS

OCTOBER 12, 2017

businesses with between one and 299 employees to understand how small firms are addressing the widespread, complex threat of cyberattacks. Nearly a third said they had fallen victim to a phishing attack, while more than 10 percent each said they were the victim of a Trojan horse or a hacking incident.

Small Business 49

Small Business Data Breach Cybersecurity Breach 49

PYMNTS

MAY 24, 2017

A ransomware attack, committed on a piece of malware called WannaCry or Wanna Decryptor, infected computers in more than 100 countries, all told. According to recent research , 71 percent of breaches occur using passwords that were either weak enough to be cracked by bad actors or stolen from an usually unwitting human via a phishing scam.

Authentication 40

Authentication Credential Ransomware Phishing 40

PYMNTS

NOVEMBER 4, 2019

41,000: the average payout of a ransomware attack , new data from Coverware revealed. 11 million is saved by organizations that adopt automation thanks to technology’s ability to detect phishing attacks, according to Agari’s latest Email Fraud and Identity Deception Trends report. 777 million was stolen from U.K.

Checks 40

Checks Scams Law Enforcement Ransomware 40

PYMNTS

MAY 17, 2017

Many malware attacks spread via phishing emails containing malicious links or attachments. There are many theories, according to a report from Reuters , but few definitive answers. The main question on researchers’ minds is how exactly WannaCry spread. “How the hell did this get on there, and could this be repeatedly used again?

Research 40

Research Phishing Cybersecurity Bitcoin 40

PYMNTS

MAY 21, 2018

As headlines from Wannacry and news of ransomware and malware losses continue to stream in, falling victim to a cyberattack may seem nearly inevitable. That confidence comes from the company’s reliance on technology to address cyber threats. And it’s this fear that has driven the cyber insurance market to balloon.

Cybersecurity 40

Cybersecurity Risk Ransomware Phishing 40

PYMNTS

AUGUST 9, 2018

billion a year and ransomware results in $1 billion in criminal earnings. ” He added that HYAS is, in some cases, able to identify attackers down to their home addresses. Most of that can be traced back to trade on illegal online markets and intellectual property theft. This is the kind of thing that people can keep track of.

Law Enforcement 41

Law Enforcement Data Breach Cybersecurity Breach 41

Segpay

JUNE 13, 2024

The same is true for cyber criminals who are always looking for new strategies to exploit our system vulnerabilities through: Phishing attacks Malware Distributed denial-of-service (DDoS) attacks A cyber attack on financial institutions is usually catastrophic, with the IMF quoting that companies lose over $100 billion a year. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

Fintech News

APRIL 7, 2025

A ransomware attack on printing vendor Toppan Next Tech (TNT) has led to the potential exposure of customer data from DBS Bank and Bank of Chinas Singapore branch. The agencies noted the growing frequency of ransomware threats and urged organisations to refer to CSAs advisory on preventive measures. We are sorry for the anxiety caused.

Ransomware 87

Ransomware Compromise Credential Risk Mitigation 87

FICO

NOVEMBER 4, 2016

The last few years have seen a surge in everyday devices coming online: coffeemakers, refrigerators and beer kegs, to name a very few, each with their very own IP addresses. Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. And those are just within your kitchen.

Security 101

Security Compromise Cybersecurity Privacy 101

PYMNTS

JULY 13, 2018

It turns out companies are having some success in the everlasting battle against corporate fraud — in B2B, email phishing scams and supply chain attacks in particular. The task force is, well, tasked with offering up recommendations to the White House on regulatory changes that can address the ways fraud is handled and prosecuted.

Risk 40

Risk Phishing Federal Trade Commission Debit Card 40