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

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

PYMNTS

SEPTEMBER 19, 2016

From the Banner Health data breach in Phoenix , to the Excellus BlueCross BlueShied breach in 2015 leaking data back from 2013 , to the breach of 11 million subscribers of Premera , experts say the concern is vast and not going away. The issue also extends to device disposal practices, which are not up to snuff.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

JANUARY 10, 2020

Ransomware , to be exact. The bad actors demanded $6 million in order to return encrypted customer data. The fact that the system has shifted to manual tasks speaks to the impact ransomware attacks can have. Travelex has also said that it does not yet have “a complete picture” of all the data that has been encrypted.

Ransomware 52

Ransomware Cross-Border Encryption End User 52

Payment Savvy

JANUARY 27, 2021

Statistics say 95% of credit card breaches are from the small online business realm. Offers ransomware recovery. Use Encryption and Tokenization. Tokenization and encryption handle the data they are attempting to replace differently. Tokenization and encryption handle the data they are attempting to replace differently.

Security 52

Security PCI DSS Encryption Payments 52

VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Identify areas most vulnerable to breaches and prioritize them for MFA integration. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

DECEMBER 13, 2019

Those were ransomware attacks , which demand money in exchange for giving users control of their systems. The previous attacks cobbled phones and encrypted data at the governor’s office, schools, the Medicare system and the Department of Motor Vehicles. The new attacks were not confirmed as ransomware, but they affected city services.

Ransomware 52

Ransomware FBI Cybersecurity Encryption 52

PYMNTS

JANUARY 20, 2017

With hundreds of encrypting malware types available to cybercriminals today, the individuals perpetrating these malicious attacks are able to leverage various networks and applications to demonstrate their power and capabilities. Gmail Users Get Fooled. Those trends leave the merchants vulnerable to CNP fraud.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The college’s electronic files had all been encrypted and campus email, voicemail and computer system services had been interrupted.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

Segpay

JUNE 13, 2024

If you fail to fortify your defenses, your business will suffer a lot in the face of a successful breach. The Travelex ransomware attack. PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. Target’s 2017 multistate settlement of $18.5

Best Practices 40

Best Practices Processors Transactions Security 40

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

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

JUNE 2, 2017

In an encrypted message, Shadow Brokers announced the timely delivery of crippling exploits, such as Windows 10 bugs, ransomware, malware and internal info about international nuclear missile programs. Ransomware Exploits Reason for Surge in Insurance Claims. This was the case during two online attacks involving Walt Disney Co.

Ransomware 40

Ransomware Blockchain Compromise Bitcoin 40

PYMNTS

DECEMBER 7, 2018

As well, if lawmakers and regulators are taking aim at Google and Facebook, that indicates that smaller members of the digital food chain are fair game, too, if they suffer a breach that catches the public’s attention. For instance, an effort to encrypt data will fail if the data collection process is full of holes that hackers can exploit.

Cybersecurity 96

Cybersecurity Payments Privacy Breach 96

PYMNTS

AUGUST 23, 2016

Virtru , the email and file encryption application, announced on Monday (Aug. After all, in addition to traditional malware and spyware attacks, consumers are increasingly falling victim to spoofing and ransomware attacks that hold their data hostage. 22) it closed a round of venture capital funding.

Encryption 40

Encryption Ransomware Advisors Cybersecurity 40

PYMNTS

JULY 27, 2017

With 64 percent of Americans having experienced some level of a data breach, Pew Center Research confirms these instances result in a lack of public trust for both institutions and social media sites. From Target to Citigroup , Home Depot and Michaels , retail and financial data breaches have been going on for years. Although most U.S.

Bitcoin 49

Bitcoin Security Cryptocurrency Data Breach 49

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. Encrypting your most critical data in return for a huge payment before restoring access. They can include computer viruses and ransomware kinds of attacks. Also, ensure you don’t share the key or password in the encrypted document.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

The Finance Weekly

DECEMBER 30, 2021

Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist? Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. Malware attacks, especially ransomware attacks, are on the rise.

Technology 52

Technology MSPS Small Business Data Security 52

PYMNTS

OCTOBER 17, 2017

They could even inject malicious software (ransomware or malware) into websites, Forbes reported. This one, called ROCA (Return Of the Coppersmith’s Attack), leverages a weakness in the encryption of chips made by the German company Infineon Technologies AG. Google Chromebooks are among those that contain the faulty chips.

Cybersecurity 50

Cybersecurity CHIPS Ransomware Breach 50

PYMNTS

OCTOBER 16, 2019

When Pitney Bowes , a major logistics service provider, revealed that it had fallen victim to a ransomware attack , it was only the latest case revealing the threat that cyberattacks not only pose to companies, but also to their business partner networks, suppliers and supply chains. In a statement Monday (Oct.

Risk 43

Risk Compromise Ransomware Mitigation 43

PYMNTS

JULY 12, 2019

Personal electronics manufacturer Samsung is also looking at mobile digital ID solutions with its Nexsign tool, which verifies users’ identities with biometrics, rather than easily breached or forgotten passwords and security questions. The NDI is expected to be fully operational by the end of 2020.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Enrollments 43

PYMNTS

JUNE 7, 2018

. “Were criminals to target an organization handling EU resident data, they’d be in a position to leverage a ransom amount closer to fines meted out under GDPR laws once they’ve breached and encrypted the data. We expect to see an increase in targeted ransomware hoping to exploit the hefty GDPR fine structure.”.

Phishing 43

Phishing Scams Regulations Rules 43

PYMNTS

APRIL 30, 2018

lawmakers about how his company can better protect its users’ data following the Cambridge Analytica breach. Understanding these parameters can help businesses further understand the impact that a potential security incident — such as a data breach or theft — could bring. The Need for Greater GDPR Compliance.

Rules 47

Rules Authentication Breach Compliance 47

Tearsheet

FEBRUARY 8, 2024

Digital currencies are fully traceable, encrypted, and therefore more difficult to steal or counterfeit than physical currencies. Lisa Pollina: The positives include faster payments, resistance to fraud and counterfeiting, and access to digital money for the unbanked and financially disadvantaged.

CBDC 59

CBDC Digital Currency Privacy Federal Reserve 59