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. So all in all, it’s the best of times and the worst of times for security folks.”.

Ransomware 60

Ransomware Cybersecurity Compromise Security 60

PYMNTS

JUNE 27, 2017

Wealthy countries with developed financial and payment infrastructures are most likely to have their data encrypted and held for ransom by cybercriminals, according to a recent report by global cybersecurity company Kaspersky Lab. Following a slight reprieve, 2017’s Q1 saw 218,625 mobile Trojan-Ransomware installation packages – 3.5

Ransomware 72

Ransomware Data Encryption Best Practices Cybersecurity 72

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. In essence, small businesses that ignore cybersecurity only do so at their own peril. Some effects of cybersecurity on your business include: Stealing stored data such as credit card details.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

OCTOBER 12, 2020

With over 5,000 cybersecurity vendors in the U.S. But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

OCTOBER 9, 2020

Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. Ransomware And Malware. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. Business Email Compromise. billion a year — and that seems to be growing. “We

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

FEBRUARY 5, 2020

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We The company said that no personal data was compromised in the cyberattack. . “We On Wednesday (Feb.

Ransomware 52

Ransomware Law Enforcement Cybersecurity Compromise 52

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. ” Security firm Trend Micro found that the Nefilim Ransomware used in the attack had been discovered in March.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

VISTA InfoSec

JUNE 7, 2024

It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

PYMNTS

NOVEMBER 2, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton said corporate America needs to be more proactive about cybersecurity, warning that the threat of cyberattacks will continue, CNBC reported. Speaking on CNBC's “Power Lunch,” Clayton said cybersecurity risks compounded on the pandemic and the U.S. presidential election.

Cybersecurity 84

Cybersecurity Credential Compromise Ransomware 84

PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. However, those numbers don’t show the accurate number of damage, and the longer-term consequences of the ransomware actions are more devastating. .

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. Unseen and possibly unknown.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result? million in losses for victims.

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

SEPTEMBER 19, 2016

According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data compromised. More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

SEPTEMBER 30, 2019

Maersk Chief Technology and Information Officer Adam Banks spoke earlier this month at a cybersecurity conference, reflecting on that 2017 attack and noting that the company was “not unusually weak,” and adding that this is a fact for many organizations that can, unfortunately, lead to a false sense of security.

Cybersecurity 57

Cybersecurity Third Party Vendors Compromise End User 57

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. This week, cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

The Fintech Times

APRIL 11, 2024

The Egress report highlights organisations’ evolving cybersecurity challenges, particularly involving phishing attacks, and has sparked concern among industry experts and cybersecurity leaders. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. 5 - (2 votes)

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Of MSPs surveyed, about 75 percent said their SMB customers experienced “business-threatening” downtime as a result of a ransomware attack, said Datto’s chief technology officer, Robert Gibbons.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

PYMNTS

AUGUST 21, 2018

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. “These attackers target brands and consumers on the open web with tactics like phishing, spinning up malicious mobile apps, hacking third-party suppliers and directly compromising websites.”

Ransomware 53

Ransomware Phishing Compromise Credit Cards 53

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise 116

Business Email Compromise Addressing Scams Ransomware 116

PYMNTS

FEBRUARY 20, 2019

With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash. Ten stolen credit cards from each website that is compromised can result in up to $2.2 Symantec said it blocked more than 3.7 million each month.

Scams 69

Scams Identity Theft Compromise Ransomware 69

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

JULY 22, 2019

Last month, the city of Riviera Beach, Florida, was crippled by a ransomware attack that led to it paying a hefty sum to recover government systems. Just days later, it happened again: another Florida city, Lake City, confirmed to reporters that it had been compromised by a ransomware attack and agreed to pay the ransom to regain control. .

Governance 58

Governance Government Ransomware Compromise 58

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Ransomware 80

Ransomware Credit Cards Digital Currency Compromise 80

PYMNTS

OCTOBER 15, 2018

AG Frosh’s warning pertained to a specific small-business cybersecurity threat. It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. 133,000: the average cost of a ransomware attack on a small business.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

Fintech News

FEBRUARY 10, 2025

From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. Ransomware Hits an All-Time High 2024 also witnessed an unprecedented surge in ransomware attacks globally, with over 5,600 publicly reported cases.

Crime 79

Crime Ransomware Scams Phishing 79

PYMNTS

MAY 17, 2017

If you’re one of the many, many companies recently targeted by WannaCry , you’ve just been handed a harsh reality check in the importance of enterprise cybersecurity. Maybe you had ignored previous warnings or felt cybersecurity technology was unnecessary. Or maybe you actually had cybersecurity measures in place that failed.

Cybersecurity 49

Cybersecurity AI Ransomware Phishing 49

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

JUNE 23, 2017

Last month’s global ransomware attack WannaCry dominated real estate on every major tech website, including PYMNTS. In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up.

Ransomware 65

Ransomware Cybersecurity Central Bank Risk 65

PYMNTS

OCTOBER 23, 2019

Firedome, a New York- and Tel Aviv-based cybersecurity startup, has raised $10 million in a Series A funding round with investment from Two Sigma Ventures, Silvertech Ventures and World Trade Ventures. . We strongly believe that real-time endpoint cybersecurity is the inevitable future of the IoT security landscape.”.

Cybersecurity 40

Cybersecurity Ransomware Compromise Security 40

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Given the ease with which IoT devices can be hacked, we can expect more attacks to follow.

AI 108

AI Compromise Risk Assessment Assessments 108

PYMNTS

APRIL 30, 2018

With a threefold increase in the number of corporates who had been hit by a ransomware attack in the last year compared to a year prior, corporate treasurers have been forced to swallow the large, uncomfortable pill of the threat of cyberattacks and fraud on their organizations in a short amount of time. “There is a lot more to be done.”

Email Compromise 59

Email Compromise Treasury Ransomware Wires 59

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s After gaining access to a compromised account, the criminals begin gathering information in order to launch secondary attacks across the victim’s network.

Phishing 45

Phishing Ransomware EMV CHIPS 45