Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. Ransomware: More sophisticated ransomware attacks are affecting more companies and individuals.

Scams 98

Scams Ransomware Governance Government 98

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. Currently the malware has caught the FBI’s attention. SAMSAM) was used to compromise the networks of multiple U.S. But the folks behind SamSam have decided to think bigger and are asking for far more. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

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. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter.

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. Those replies are then recorded and made available for IT managers to download and review if needed.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

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 incident is being investigated by the FBI and the New York State Cyber Command. .

Ransomware 52

Ransomware Compromise FBI On-Demand 52

PYMNTS

FEBRUARY 24, 2020

41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

APRIL 13, 2016

“The number of reported identities exposed in data breaches are just the tip of the iceberg,” an infographic highlighting the report data noted, adding a question about what really remains hidden when it comes to compromised identities. According to forthcoming data from the FBI, 2015 saw 2,453 reported ransomware incidents.

Ransomware 43

Ransomware Data Breach FBI Breach 43

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Business Email Compromise scams continue to grow and steal more corporate money than ever before. Compare that to ransomware, which made up just 11 percent.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

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

JUNE 27, 2019

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. Lake City, a community of about 12,000 people west of Jacksonville, forked over hundreds of thousands of dollars after a ransomware attack crippled its systems. million rainy-day fund after a cyberattack had compromised its backups. “I

Ransomware 40

Ransomware FBI On-Demand Compromise 40

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

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 20, 2016

The business email compromise has created more than 22,000 cases in the U.S. and elsewhere, the FBI found, leading to requests for $3.1 Business email compromises are also on the rise in the U.K., billion from cyberattackers since Oct. billion in losses hit U.K. Like in the U.S., fraudsters are targeting U.K.

Email Compromise 41

Email Compromise Bitcoin APACS Wire Transfer 41

PYMNTS

MAY 15, 2017

The massive wave of crypto-ransomware cyberattacks now reported to have hit more than 200,000 computers in 150 countries shouldn’t be just another “look at how smart and cunning and horrible those cybercriminals are” headline. That was also about the same time that we began to see the spike in cyberattacks linked to ransomware.

Bitcoin 62

Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

OCTOBER 21, 2016

According to researcher and developer Willem de Groot, the online storefront for the National Republican Senatorial Committee (NRSC) was one of nearly 5,900 eCommerce sites compromised by malicious skimming software. 4 post revealing the NRSC compromise. Governments Say ‘No More’ To Ransomware.

Law Enforcement 67

Law Enforcement Ransomware Credit Cards Compromise 67