Remove Blocks Remove Compromise Remove Ransomware
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Kaspersky: Ransomware Spikes In 2019

PYMNTS

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. Also, blocking municipal services tends to affect a larger swath of the population, which is a motivator for ransom paying.

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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. A single compromised login could damage your entire network.

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

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Understanding Zero Trust Network Access and Why Needs It

VISTA InfoSec

A ZTNA solution blocks all network traffic by default and allows this traffic to flow only when and where organizational policy permits it. It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed.

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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. Despite company efforts, lax PIN hygiene and open apps on stolen devices pose serious threats, including account takeover and ransomware attacks.

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Symantec: Formjacking Is Cybercriminals’ Newest Scam

PYMNTS

With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash. Symantec said it blocked more than 3.7 Ten stolen credit cards from each website that is compromised can result in up to $2.2 million each month.

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BEC Scam Takes $15M In Widespread Attack

PYMNTS

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. According to a PYMNTS report, there were 33 percent more ransomware payments made by businesses during the first quarter of 2020.