PYMNTS

JANUARY 13, 2020

The ransomware gang Sodinokibi was blamed for demanding $6m (£4.6m) in exchange for customer data. Travelex said the malware was kept in check and customer data was not compromised. . The ransomware gang asked for $6 million in exchange for encrypted customer data.

Ransomware 52

Ransomware Compromise FBI On-Demand 52

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

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data.

Ransomware 52

Ransomware Encryption Returns Compromise 52

The Paypers

MARCH 1, 2017

(The Paypers) US companies are opening Bitcoin wallets and purchasing Bitcoin in case company servers or computers are compromised with ransomware encryption.

Ransomware 28

Ransomware Bitcoin Encryption Compromise 28

VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. 5 - (2 votes)

Authentication 130

Authentication MFA Cybersecurity Credential 130

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.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

JANUARY 10, 2020

Ransomware , to be exact. The bad actors demanded $6 million in order to return encrypted customer data. The company said in a statement that the data had not been compromised, adding that “we have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible.

Ransomware 52

Ransomware Cross-Border Encryption End User 52

PYMNTS

MAY 5, 2016

FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Though WSJ said Trainor expressed his sympathies to those companies that do become victims of ransomware attacks, paying the ransom only serves as an incentive.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

PYMNTS

MAY 12, 2016

It looks as though even the House of Representatives isn’t safe from the threat of ransomware attacks. Hackers recently attempted to access congressional computer systems, encrypt the data and hold it for ransom, various media outlets reported on Tuesday (May 10). “In The recent attacks have focused on using.js

Ransomware 41

Ransomware Encryption Phishing Cybersecurity 41

PYMNTS

MAY 19, 2017

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access.

Ransomware 46

Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack and the 2014 attack on Sony Pictures Entertainment. Technical similarities” also connect the malware used in attacks against SPE, Bangladesh Bank, other FIs, defense contractors (among other actual and intended victims) and the WannaCry ransomware.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

NOVEMBER 30, 2016

San Francisco’s Muni public transit system was reportedly hit by a ransomware attack over the weekend that took the light rail transit offline on Saturday (Nov. According to the San Francisco Examiner , the computer screens of Muni agents displayed the message, “You Hacked, ALL Data Encrypted” beginning Friday night.

Ransomware 44

Ransomware Bitcoin Data Encryption Encryption 44

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

SEPTEMBER 30, 2019

As he noted, North Korea, acting as a singular cyberthreat, will do what it can to gain access to and compromise the credentials of foreign organizations with money ­— and, in turn, gain access to that money, of course. As Visner added, North Korea has been persistent and, to some extent, successful in its efforts.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. The Controversies. Source: Cloudnosys.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

FICO

MARCH 8, 2017

Whether stealing data or demanding payment for ransomware, “bloodsucking” is one of the kinder adjectives used to describe cyber criminals. Encryption can be effective …. … but it’s not a stake through the heart of hacking. Like encryption, however, biometrics are not a silver bullet to stop hackers.

Encryption 40

Encryption EMV Authentication Crime 40

FICO

MARCH 8, 2017

Whether stealing data or demanding payment for ransomware, “bloodsucking” is one of the kinder adjectives used to describe cyber criminals. Encryption can be effective …. … but it’s not a stake through the heart of hacking. Like encryption, however, biometrics are not a silver bullet to stop hackers.

Encryption 40

Encryption EMV Authentication Crime 40

PYMNTS

APRIL 14, 2016

While five years ago the only way to make money off of illicit access to data was by funneling personalized health information or credit card numbers through back-channel and black market deals, the rise of ransomware provides a self-sufficient cottage industry for the entrepreneurial data thief.

Security 40

Security Ransomware Credential Encryption 40

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

EBizCharge

OCTOBER 25, 2023

An incident is only considered a data breach if the confidentiality of data is compromised. Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. To prevent such breaches, businesses must encrypt data to ensure that it remains indecipherable even in the event of a breach.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

APRIL 30, 2018

Additional steps must be taken to ensure that business-related data is not compromised. It urges two-factor authentication to be used to access mobile devices and that personal data stored on those devices to be encrypted. . The Need for Greater GDPR Compliance.

Rules 47

Rules Authentication Breach Compliance 47

VISTA InfoSec

AUGUST 8, 2023

Encrypting your most critical data in return for a huge payment before restoring access. They can include computer viruses and ransomware kinds of attacks. Ransomware Ransomware is a malicious software attack targeted at your system to restrict you from accessing critical data for regular business operations.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

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