PYMNTS

JUNE 4, 2020

universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.

Bitcoin 61

Bitcoin Ransomware Scams Phishing 61

PYMNTS

JANUARY 27, 2020

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. Eighty percent of banks in the APAC region expect fraud losses to increase in 2020, though, despite their widespread use of multi-factor authentication, biometrics and passwords. million, thanks to a phishing scam.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

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

The Fintech Times

AUGUST 14, 2024

Meanwhile, ransomware (63 per cent) and phishing/social engineering attacks (61 per cent) also continue to be methods used by criminals. Interestingly, deepfakes were not the most prevalent concern but tied for third place with phishing, with 61 per cent.

Deepfake 75

Deepfake AI Phishing Ransomware 75

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

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.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

Scams 63

Scams Automation Phishing Email Compromise 63

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. What Is Multi-Factor Authentication? Let’s start with another simple definition – multi-factor authentication is any authentication method where more than one criterion has to be satisfied before access is granted to digital assets.

Authentication 130

Authentication MFA Cybersecurity Credential 130

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. Thankfully, employee training and education can prevent most phishing attempts.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

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

PYMNTS

MAY 8, 2017

O2 confirmed that some of its German customers had their accounts emptied by hackers after they fell victim to a phishing scam that stole their usernames, passwords, phone numbers and bank account details. The attack redirected incoming SMS messages for selected German customers to the attackers.”.

Accounts 43

Accounts Online and Mobile Banking Data Breach Breach 43

VISTA InfoSec

AUGUST 8, 2023

They can include computer viruses and ransomware kinds of attacks. Ransomware Ransomware is a malicious software attack targeted at your system to restrict you from accessing critical data for regular business operations. Phishing Attacks Phishing attacks are usually deployed via emails and malicious websites.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

SEPTEMBER 30, 2019

Hackers also gain entrance into smaller FIs through a number of internal conduits, where there are voluntary bad actors ­— employees who can be swayed to sell their credentials for monetary rewards, or the unwitting insider who clicks on a phishing email. infrastructure ­— do not do what is necessary to protect themselves.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

FICO

MAY 19, 2020

Scams will use COVID-19 to drive an emotional response to get people to click on links resulting in malware and ransomware attacks. Phishing emails for airfare refunds, charitable contributions, fake cures and vaccines, financial relief, federal emergency funds, and more will proliferate.

Account Takeovers 52

Account Takeovers Identity Theft Scams Financial Crimes 52

PYMNTS

JULY 26, 2017

Phishing, ransomware, business email compromises, data theft and denial-of-service tactics can be especially harmful to FIs, and not only threaten the bank, but put the FI’s entire supply chain at risk, too.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. Kick things off with phishing awareness training.

Data Security 208

Data Security Security Encryption Cybersecurity 208

CoinRemitter

MAY 20, 2024

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 It’s best not to keep all your savings in hot storage, as it is more vulnerable to attacks like phishing.

Scams 40

Scams Cryptocurrency Security Phishing 40

The Fintech Times

DECEMBER 11, 2023

Leveraging AI Seth Blank, CTO, Valimail Seth Blank, chief technology officer at Valimail , a platform that uses automation to help companies establish the authenticity of emails, warns of rising cyber threat sophistication driven by AI, making it harder to distinguish genuine from fraudulent communications.

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139