PYMNTS

DECEMBER 26, 2018

companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” A 2017 Annual Cybersecurity Report (ACR) from Cisco found companies that suffer a data breach could have customer, opportunity and revenue losses exceeding 20 percent.

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

PYMNTS

NOVEMBER 25, 2019

As data breaches and ransomware hacks escalate, cyber protection is becoming one of the fastest-growing insurance industry sectors, a Financial Times special report indicated. A 2014 breach at Marriott, for example, cost the chain over $100 million before fines were levied under EU rules.

Breach 67

Breach Data Breach Ransomware Rules 67

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.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. We wish to inform our valued customers that we are investigating a potential security breach. At 3:00 a.m.

Ransomware 110

Ransomware FinTech Breach Cybersecurity 110

VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. These extra-strict access controls reduce a company’s risk of data breaches and other costly security issues. How Will a ZTNA Solution Benefit Your Company?

Micro-Entry 162

Micro-Entry Data Breach Cybersecurity Breach 162

PYMNTS

AUGUST 12, 2019

Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. Ransomware groups tend to target people in the Anglosphere, who are seen as able to pay and deserving of what they get. The full financial cost of a data breach can last two or three years.

Ransomware 72

Ransomware Data Breach On-Demand Service Provider 72

PYMNTS

APRIL 28, 2017

Ransomware incidents have risen 50 percent over the last year according to Verizon, who just recently released the 2017 edition of their Data Breach Investigations Report detailing the latest trends and information on cybersecurity threats. Here are some of the key data points.

Ransomware 46

Ransomware Data Breach Breach Cybersecurity 46

The Fintech Times

JANUARY 26, 2024

Speaking on the findings, Michael Bruemmer , vice president, global data breach resolution at Experian said: “Cybercriminals are continually working smarter, not harder. . Six degrees of separation There’s no question third-party data breaches have made headlines. Hackers could apply that same rule.

Data Breach 59

Data Breach Breach Crime Ransomware 59

PYMNTS

MARCH 26, 2020

Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.”

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

JUNE 4, 2018

Furthermore, AIG found that more than a quarter – 26 percent – of cyber claims in 2017 cited ransomware as the primary cause of loss, compared to only 16 percent between 2013 and 2016. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Data Breach 43

Data Breach Ransomware Breach Cybersecurity 43

Fintech News

JUNE 3, 2024

Cyber insurance, also called cyber liability insurance or cybersecurity insurance, covers financial losses that companies have as a result of ransomware attacks, data breaches and other cyber incidents. Ransomware is a type of malicious software attack designed to block access to a computer system until a ransom is paid.

Ransomware 102

Ransomware APACS Cybersecurity AI 102

The Paypers

APRIL 12, 2018

(The Paypers) Ransomware attacks are a key cybersecurity threat for global organizations, has warned Verizon’s 2018 Data Breach Investigations Report (DBIR).

Ransomware 39

Ransomware Data Breach Cybersecurity Breach 39

PYMNTS

MAY 20, 2016

It wouldn’t be the end of the business week in the payments industry if there weren’t another batch of news items relating to cybersecurity, data breaches and hackers. That, and much more in today’s Daily Data Dive 5-in-1: Ransomware Creator Calls It Quits. $1 LinkedIn’s Data Breach Scope.

Breach 42

Breach Data Breach Ransomware Bitcoin 42

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. The severity of the challenge is demonstrated in IBM ’s Cost of a Data Breach Report 2023 , which ranks data breaches in the financial sector as second only to the healthcare industry in terms of costs.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

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

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

MAY 13, 2019

Wolters Kluwer , which fell victim to a malware attack last week, sent a “quiet panic” through the accounting industry, with clients unable to access data and do their jobs. The city of Baltimore fell victim to a ransomware attack last week , as researchers began to dive into the risks of local-level government systems.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

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

SEPTEMBER 11, 2018

11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. The researcher said the group was highly targeted in their approach, and that the British Airways breach was part of a broader plot to steal records from various websites. This is just the latest breach to hit an airline.

Research 74

Research Data Breach Breach Credit Cards 74

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

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.

Ransomware 62

Ransomware End User Crime Authentication 62

PYMNTS

APRIL 12, 2019

Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners. Clearly, the threat of a data breach remains strong, and Norton warned it will persist as other jurisdictions begin to implement their own data protection rules.

Cybersecurity 77

Cybersecurity Data Breach Legal Framework Breach 77

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

SEPTEMBER 14, 2020

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware of the issue until about three months later. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

Payments Source

JUNE 1, 2018

Many of these attacks have been server side ransomware and other sophisticated hacks, leading companies to examine the immature security processes and technology of application security and the insufficient expertise of development, writes Jeannie Warner, the security manager at WhiteHat Security.

Ransomware 76

Ransomware Security Breach Process 76

PYMNTS

JUNE 1, 2020

Its “Sector 17 – The State of Cybersecurity in the Legal Sector” analysis found that 100 percent of law firms surveyed around the globe had been targeted in a cyberattack, pointing to the industry’s $1 trillion market value, making it a prime target for data breaches, phishing attacks and other malicious online activity.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

JANUARY 30, 2017

This week’s data digest is all about, well, data. The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. 1,093 data breaches hit entities in the U.S.

Data Security 54

Data Security Governance Government Data Breach 54

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

Payments Source

SEPTEMBER 29, 2017

Diminished returns from basic card breaches will turn crooks' attention to much larger and more dangerous attacks on entire payment systems, writes John Christly, global chief information security officer for Netsurion.

Breach 76

Breach Returns Security Payments 76

VISTA InfoSec

JULY 31, 2023

Segregation of Networks: This involves isolating the cardholder data environment (CDE) from the rest of the business’s network. Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches. Avoid default settings for servers, software applications, and network devices.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

DECEMBER 23, 2019

Cyberattacks have become a critical issue for companies of all sizes and a threat to privacy and data security. Data breaches and ransomware attacks jeopardize customers’ records and trust.

Cybersecurity 55

Cybersecurity Visa Ransomware Data Breach 55

PYMNTS

MAY 8, 2017

In Verizon’s most recent Data Breach Investigations Report , the company found ransomware incidents have risen 50 percent over the last year. Retail and accommodation combined to account for 15 percent of breaches. The hack on 02 comes at a time when hack attacks are on the rise around the world.

Accounts 43

Accounts Online and Mobile Banking Data Breach Breach 43

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. Malware was the culprit in the multi-million-dollar Home Depot, Target, Wendy’s and PF Chang’s breaches. Malware and its Role in Data Breaches.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

AUGUST 17, 2017

With today’s digital sphere ingrained in every aspect of business, it’s tough not to have some part of the business taken advantage of by people or groups with bad intentions through malware attacks or other breaches in a firm’s cybersecurity defense. Integrated shipping and logistics company, A.P. billion up to $9.6 percent bump.

Ransomware 41

Ransomware Cybersecurity Breach Data Breach 41

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