PYMNTS

OCTOBER 5, 2020

40 percent is the portion of business email breaches that happened on websites used for personal uses , according to a new study that indicates that the use of company emails for personal use by staff is making companies vulnerable, as cited by IT Brief. NordVPN Teams researchers looked at worldwide breach activity and examined more than 1.7

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

VISTA InfoSec

NOVEMBER 7, 2023

Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. Ransomware, Cyberespionage On The Rise. Verizon released its Data Breach Investigations Report which found, among other things, that ransomware attack rates had risen by 50 percent in the past year.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

The Fintech Times

FEBRUARY 9, 2024

Managed service providers (MSPs) should prepare themselves for threats unique to their operations, including ‘island hopping’, in which attackers use an MSP’s infrastructure to attack clients, as well as ‘credential stuffing’, which exploits an MSP’s broad access to systems.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

DECEMBER 22, 2016

In a data roundup by the publication of the latest analysis of corporate cybersecurity, researchers identified where a security breach is most likely to occur. Meanwhile, 20 percent cited a lost device for the cause of a breach. Meanwhile, 20 percent cited a lost device for the cause of a breach.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

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

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

Cybersecurity 76

Cybersecurity Credential Security Ransomware 76

Finovate

JUNE 10, 2024

The company’s platform scans and analyzes data from breaches, devices infected with malware, and the dark web to find employee login credentials that have been exposed. This spring, SpyCloud released its 2024 SpyCloud Identity Exposure Report , which indicated that more than 60% of all data breaches in 2023 were malware related.

Account Takeovers 59

Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

MAY 29, 2019

billion in damages in its first week; MyDoom, which was reportedly commissioned in Russia; SoBig, which has infected PCs in the hundreds of thousands; WannaCry, a ransomware; Dark Tequila, which stole bank credentials when users were offline; and Black Energy, which was responsible for the major blackout in the Ukraine in 2015.

Data Breach 51

Data Breach Cybersecurity Breach Ransomware 51

PYMNTS

SEPTEMBER 21, 2018

The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. With those credentials in hand, the cybercriminal can access payroll accounts and subsequently change bank account information. Across The Pond.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.”

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

MAY 23, 2017

Earlier this month, corporations and organizations from hospitals to railroads in six continents were stopped in their tracks as the result of a ransomware attack, and the news was filled last year with reports of breaches impacting everyone from Target to Hillary Clinton. McDowell explained.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

CB Insights

MARCH 27, 2019

Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

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

AUGUST 15, 2017

-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. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K. Hutchins, then just an anonymous U.K.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

MARCH 24, 2017

Earlier this week, news outlets reported that a group of hackers, also known as the Turkish Crime Family, claimed to be in possession of more than 627 million icloud.com, me.com and mac.com login credentials. Justice Department for allegedly taking part in the massive data breach that rocked Yahoo. This is a highly likely scenario.

Credential 45

Credential Crime Ransomware Data Breach 45

PYMNTS

JUNE 1, 2017

While the WannaCry ransomware attack, which hit hundreds of thousands of computers across 150 countries, was a wake-up call for companies everywhere without adequate cybersecurity measures, these incidents are becoming less of a surprise – less a shock, and more of a reminder that companies need to double-down on their security efforts. “It

Cybersecurity 55

Cybersecurity Breach Email Compromise Compromise 55

PYMNTS

OCTOBER 18, 2017

Research from The Forrester Wave found that 80 percent of data breaches at SMBs are the result of abuse or misuse of privileged credentials. That is, enterprises without a PAM solution are seeing their own workers gain use of credentials that incorrectly give them access to privileged systems and company information.

Cybersecurity 40

Cybersecurity Credential Ransomware Best Practices 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. Singapores Cyber Security Agency (CSA) and the Monetary Authority of Singapore (MAS) said they are supporting investigations into the breach.

Ransomware 75

Ransomware Compromise Credential Risk Mitigation 75

The Fintech Times

FEBRUARY 16, 2025

Unsurprisingly, phishing was the preferred attack vector for attackers to breach MSP networks, with 33 per cent experiencing email phishing campaigns. “This release highlights the alarming rise of AI-generated attacks and the increasing sophistication of ransomware campaigns. per cent containing malware or phishing links.

MSPS 59

MSPS Ransomware Phishing Cybersecurity 59