PYMNTS

DECEMBER 5, 2017

When a company is hit by ransomware, the cost of paying the ransom is rarely, if ever, the full cost of the cyberattack. And while most said they acknowledged ransomware as a significant threat, less than half said they were confident they would be able to deal with a ransomware attack.

Ransomware 50

Ransomware Small Business Cybersecurity Addressing 50

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.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

Fintech News

DECEMBER 5, 2023

The two-day conference, running from 6-7 December, brings together an array of over 30 expert speakers to address topics such as artificial intelligence in cyber defense, cloud security, ransomware, and the broader scope of governance, risk, and compliance.

Cybersecurity 107

Cybersecurity Security Ransomware Addressing 107

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

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.

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. Our technical team is working to restore the affected systems, and it is working closely with third-party consultants to address this matter. At this time, the company has seen no evidence that customer or employee data has been improperly accessed.

Ransomware 46

Ransomware FBI Consulting Encryption 46

Fintech News

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. In 2023, ransomware payments peaked, breaking past the US$1 billion (SG$1.35 billion) threshold for the first time.

Crime 107

Crime Ransomware Scams Stablecoins 107

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

JUNE 7, 2024

Implicit trust and the abundance of vulnerabilities in outdated security systems can lead to exposed IP addresses, the proliferation of spyware and other malware, and other security risks. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Key Technologies in Cybertech The landscape includes a wide range of solutions, each addressing a different part of the threat environment. Why Finance Needs It Financial institutions are frequent targets for cybercrime.

Finance 52

Finance Security Fraud Detection Encryption 52

PYMNTS

JANUARY 29, 2020

In other news, a court in the United Kingdom has forced Bitfinex to freeze $860,000 in bitcoin after the funds were discovered to be for a ransomware payment, according to a report by Coindesk. The money had been paid through an insurance company, and while some of it was converted into fiat money, the rest was sent to a Bitfinex address.

Ransomware 53

Ransomware Bitcoin Regulations Blockchain 53

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

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

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. Many organisations also said they would pay a ransom to reduce disruption.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

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. .

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

NOVEMBER 12, 2019

Sources have revealed that a ransomware attack has frozen the billing systems of Mexico’s Petroleos Mexicanos (Pemex). In fact, he discovered a sample of the malware on a repository that had an embedded payment portal addressed to Pemex, with hackers requesting 565 bitcoin (equivalent to around $4.8 million) from the company.

Ransomware 40

Ransomware NOV Embedded Payments Payments 40

Fintech News

APRIL 24, 2024

Further allegations include the platform’s involvement in distributing child sexual abuse materials and receiving significant ransomware payments. Prosecutors criticised Zhao’s decision to violate U.S. laws as a strategy to expand his business and personal wealth. Additionally, Zhao paid US$50 million to the U.S.

Money Laundering 107

Money Laundering Ransomware Compliance Laws 107

Fintech News

MARCH 21, 2024

Notably, there have been marked increases in Purchase Return Authorisation (PRA) fraud and ransomware attacks, emphasising the evolving challenge of protecting financial infrastructure. Visa is uniquely positioned to address these threats, with investments in tech and innovation reaching over US$10 billion over the past five years.

Scams 111

Scams AI Ransomware On-Demand 111

PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. Our technical team is working to restore the affected systems, and it is working closely with third-party consultants to address this matter. At this time, the company has seen no evidence that customer or employee data has been improperly accessed.

Ransomware 51

Ransomware FBI Consulting Encryption 51

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. This week, cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

OCTOBER 21, 2016

Hackers recently targeted a website used to raise funds for Senate Republicans in order to gain access to names, addresses and credit card data of Republican donors. Governments Say ‘No More’ To Ransomware. presidential election quickly approaches.

Law Enforcement 67

Law Enforcement Ransomware Credit Cards Compromise 67

PYMNTS

SEPTEMBER 19, 2016

Attacks can range from simple attacks through third-party applications, to malware with viruses or spyware placed on devices, to even ransomware that locks the device entirely and demands money from the user. Health care companies are indeed concerned, but some may feel paralyzed as to what to do about it, including how to encrypt data.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

JANUARY 20, 2017

Last year saw a significant surge in the number of extortion threats, with the majority (56 percent) of the 600 organizations surveyed by Radware admitting that they have fallen victim to a cyber ransom attack and 41 percent identifying ransomware as the biggest cyber threat. Gmail Users Get Fooled.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

OCTOBER 12, 2020

The G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards,” the draft said, as per FT.

Regulations 80

Regulations Digital Currency Stablecoins Money Laundering 80

PYMNTS

JUNE 23, 2017

Last month’s global ransomware attack WannaCry dominated real estate on every major tech website, including PYMNTS. In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up.

Ransomware 65

Ransomware Cybersecurity Central Bank Risk 65

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.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

The Fintech Times

FEBRUARY 9, 2024

” Acronis also reveals that while the number of new groups and ransomware variants is decreasing, the most renowned families of the attack vector are still causing companies across the globe to lose data and money. The post 91.1%

Phishing 72

Phishing AI MSPS Ransomware 72

VISTA InfoSec

DECEMBER 2, 2024

These assessments come in various forms, each designed to address different aspects of business vulnerability. Others, such as a ransomware attack, could be increasingly likely and extremely devastating. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.

Disaster Recovery 130

Disaster Recovery Risk Assessment Assessments Risk 130

VISTA InfoSec

DECEMBER 2, 2024

These assessments come in various forms, each designed to address different aspects of business vulnerability. Others, such as a ransomware attack, could be increasingly likely and extremely devastating. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.

Disaster Recovery 130

Disaster Recovery Risk Assessment Assessments Risk 130

The Fintech Times

OCTOBER 12, 2024

“There has been a rise in cyber and ransomware attacks on challenger banks and the broader financial services industry. Address whitespaces through vertical neobanks: “Identifying whitespaces within customer demographics and becoming relevant to specific sub-segments in certain areas is gaining more traction.

AI 109

AI Addressing On-Demand Blockchain 109

The Fintech Times

OCTOBER 26, 2024

Meany pointed to the strengths of both companies in addressing banking’s growing complexity: “Temenos has always been focused on banking, and by working with Huawei, we can bring together cloud infrastructure and core banking systems on a single platform to help banks manage resilience, agility, and the fast pace of change.”

Finance 69

Finance Ransomware Fraud Detection Cybersecurity 69

The Finance Weekly

DECEMBER 30, 2021

Malware attacks, especially ransomware attacks, are on the rise. New technologies enable organizations to address ever-changing regulations, tax laws, internal control requirements, corporate governance, evolving reporting needs, and more, especially for global and complex businesses. Is your company facing any of these challenges?

Technology 130

Technology MSPS Small Business Data Security 130

PYMNTS

JANUARY 23, 2020

Indeed, it makes good business sense to address customers’ payment demands by enabling them to pay the way they desire. Among the most troubling examples of this is in the case of ransomware, in which cyberattackers require ransom to be paid in a digital currency. ” A New Reality.

Ransomware 58

Ransomware Cryptocurrency Small Business Risk 58

PYMNTS

JANUARY 1, 2021

BitGo had reason to know that these users were located in sanctioned jurisdictions based on Internet Protocol (IP) address data associated with devices used to log in to the BitGo platform.". Among the government's arguments for expanding the policy is the use of cryptocurrency in crimes such as the distribution of ransomware.

Bitcoin 80

Bitcoin Cryptocurrency OFAC Treasury 80

PYMNTS

OCTOBER 9, 2020

Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems. In unveiling the report , U.S. New Enforcement Framework.

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Breach 82

PYMNTS

FEBRUARY 12, 2020

By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400. There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000. The size and scope of the problem has been steadily rising since FBI’s 2017 Internet Crime Report.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101