Fintech News

NOVEMBER 10, 2024

The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says.

Ransomware 89

Ransomware Scams Data Breach AI 89

PYMNTS

OCTOBER 29, 2020

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. According to the alert, “malicious cyber actors” are targeting the sector with Trickbot malware, which is typically a precursor to ransomware attacks and data theft. hospitals and healthcare providers.”.

Ransomware 56

Ransomware FBI Cybersecurity Credential 56

VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

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

Payments Dive

JULY 28, 2017

Ransomware attacks have been increasing at an alarming rate and are now one of the main types of data breaches. Download this infographic for a more in-depth look at this new phenomenon.

Ransomware 60

Ransomware Data Breach Breach 60

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 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?

Best Practices 52

Best Practices Data Breach Breach Phishing 52

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

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

Payments Dive

JULY 1, 2019

Download this infographic from TNS which looks at the results of a series of recent industry studies which highlight the latest data breach trends. It uncovers the top 5 types of breach incidents, which assets and data criminals are targeting and the number of organizations who have been affected.

Data Breach 68

Data Breach Breach Phishing Ransomware 68

PYMNTS

JULY 30, 2019

Most recently, a string of ransomware attacks hit local government entities that ultimately decided to pay off the attackers to regain access to computers. But in 22 percent of cases, the full cost of a data breach was not realized until year two — and 11 percent didn’t experience the full extent until year three.

Data Breach 64

Data Breach Small Business Breach Ransomware 64

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. Paying the ransom almost certainly results in a loss of some of the data.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

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. Retail and accommodation combined to account for 15 percent of breaches.

Ransomware 46

Ransomware Data Breach Breach Cybersecurity 46

VISTA InfoSec

JUNE 18, 2024

Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching. These obsolete programs lack ongoing network security updates, making them low-hanging fruit for breaches.

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

JULY 28, 2017

With ransomware cyberattacks raging, companies and individuals have paid out more than $25 million during the course of the last two years in an effort to get their data back from hackers. To assess the costs of the cybersecurity breaches, the researchers used reports from victims, among other analysis, the report noted.

Ransomware 40

Ransomware Cybersecurity Breach Research 40

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 90

Ransomware APACS Cybersecurity AI 90

Payments Source

JULY 7, 2016

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.

Breach 61

Breach Ransomware Authentication Credit Cards 61

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

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

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

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 Breach Cybersecurity 162

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 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

The Paypers

APRIL 19, 2023

France-based technology company Thales has released its ‘2023 Thales Data Threat Report’, showcasing a surge in ransomware attacks and increased risks to data in the cloud.

Data Security 41

Data Security Ransomware Breach Security 41

PYMNTS

MARCH 9, 2017

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack.

Ransomware 60

Ransomware Cybersecurity Compromise Security 60

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

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

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

Axway

JULY 20, 2023

The concerning surge in ransomware attacks targeting Managed File Transfer (MFT) vendors, including several significant breaches that have occurred this year, is getting a lot of attention. These incidents not only impact the vendors themselves but also pose a risk …

Ransomware 40

Ransomware Breach Risk 40

The Fintech Times

MAY 5, 2024

It hopes to do so with newly integrated features that build in loss prevention at no extra cost for policyholders: Breach & Attack Simulation (BAS): Resilience’s BAS tests enable organisations to validate security controls against up-to-date threat actor tactics and real-world techniques.

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

Payments Source

JULY 30, 2019

Today: BofA ends First Data joint venture; Capital One and Sephora suffer breaches; Grab uses infusion to expand in Indonesia; Ripple wants to be seen as different than Libra; A ransomware emergency in Louisiana; Amazon expands into food delivery in India.

Ransomware 75

Ransomware Breach 75

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

Payments Dive

SEPTEMBER 12, 2018

Research puts the top three industries targeted by malware as accommodation and food services, public administration and retail. This infographic gives key insights into how malware is being used by criminals to target the point-of-sale and how this phenomenon shows no signs of waning.

Data Breach 60

Data Breach Ransomware Breach Security 60

The Fintech Times

FEBRUARY 9, 2024

.” Acronis also reveals that while the number of new groups and ransomware variants is decreasing, the most renowned families of the attack vector are still causing companies across the globe to lose data and money.

Phishing 72

Phishing AI MSPS Ransomware 72

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

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

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