PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better.

Ransomware 43

Ransomware Data Breach FBI Breach 43

PYMNTS

OCTOBER 9, 2020

FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We For instance, a Singapore exchange faced a $200 million security breach.

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Digital Currency 82

PYMNTS

MAY 13, 2019

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. The data represents one of the first efforts by the cybersecurity industry to analyze such attacks, as the FBI and federal government authorities do not track local-level government incidents.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

PYMNTS

DECEMBER 13, 2019

One of the tweets informed the city’s residents that it was working with “ cybersecurity resources” from the National Guard, the Secret Service and the FBI. Those were ransomware attacks , which demand money in exchange for giving users control of their systems. It was not stated whether any agencies were shut down. On Friday (Dec.

Ransomware 52

Ransomware FBI Cybersecurity Encryption 52

PYMNTS

JANUARY 12, 2017

While ransomware continues to be a go-to tactic for hackers for extorting and manipulating victims out of money, not everyone impacted is willing to just pay up. E-Sports Entertainment Association, which hosts competitive video game tournaments, was recently hit by a ransomware attack but refused to pay the $100,000 demanded of it.

Ransomware 40

Ransomware FBI Database Compromise 40

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. All of this data has flowed in as IBM Security reports another reason to be concerned about U.S.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

APRIL 18, 2016

To start: A new report from the FBI about cyber attack costs, updates about Ant Financial’s IPO path, discussions about who is going to be on the $20, pressure on the IRS chief, and another cross-border payments move for MasterCard. Ransomware Attacks Up. $1 So what does that entail?

IRS 40

IRS Cross-Border Payments Cross-Border Ransomware 40

PYMNTS

JANUARY 31, 2017

From baby monitors to smartphones and beyond, there’s virtually nothing that can’t be breached and/or compromised. Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker.

Ransomware 45

Ransomware FBI Bitcoin Compromise 45

PYMNTS

JUNE 19, 2017

Troia also sometimes bought data from malicious hackers to verify database breaches. Even the FBI has said that paying ransom is sometimes the smarter thing to do. Coinbase, an exchange for buying and selling cryptocurrency, caught wind of Troia’s methods and inquired whether he had U.S.

Bitcoin 75

Bitcoin Regulations Money Laundering FBI 75

PYMNTS

JULY 14, 2017

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Comparitech.com reported that companies that experience a data breach feel the repercussions in stock prices for years to follow. Ready: U.S.

Data Breach 47

Data Breach Breach FBI Ransomware 47

PYMNTS

AUGUST 15, 2017

This is a dramatic turn of events for the young hacker, who was briefly a hero after discovering the kill switch for the global ransomware attack “WannaCry” in May. On Monday (Aug. 14), the U.K. cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported. Hutchins, then just an anonymous U.K.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

MARCH 17, 2017

It seems as though the trend of ransomware attacks isn’t disappearing any time soon. The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. Cyber Ransoms (Still) On The Rise.

Breach 40

Breach Ransomware Disaster Recovery Cybersecurity 40