Compromise, Law Enforcement and Ransomware

Data Shows 41 Pct Hike In Ransomware Attacks In 2019

PYMNTS

FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If

Ransomware

Ransomware FBI Law Enforcement Compromise

Australia’s Toll Suffers Ransomware Attack

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

Ransomware Law Enforcement Cybersecurity Compromise

City Held Hostage — Via Bitcoin Ransomware

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

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AI is a Cause for Celebration But Also a Growing Fear for Firms as They Deal With Data Breaches

The Fintech Times

JULY 30, 2024

Other key findings in the 2024 Cost of a Data Breach Report At 16 per cent, stolen/compromised credentials was the most common initial attack vector. By bringing in law enforcement, ransomware victims saved on average nearly $1million in breach costs compared to those who didn’t – that savings excludes the ransom payment for those that paid.

Data Breach

Data Breach Breach AI Law Enforcement

BEC Scam Takes $15M In Widespread Attack

PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. According to a PYMNTS report, there were 33 percent more ransomware payments made by businesses during the first quarter of 2020.

Business Email Compromise

Business Email Compromise Scams Email Compromise Wire Transfer

Fraudsters Try New Spins On The BEC Scam

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. The city was hit with the ransomware attack on Dec. Other attacks hit small businesses with demands as low as $1,500, researchers found.

Business Email Compromise

Business Email Compromise Scams Ransomware Real Time Payments

BEC Scammers Embrace Coronavirus Opportunity

PYMNTS

APRIL 13, 2020

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud.

Business Email Compromise

Business Email Compromise Email Compromise Scams Law Enforcement

Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. the shipping giant, said computers running Windows were compromised — and for the Windows impact, the fault may lie with variants of the “WannaCry” malware. Similarly FedEx Corp., Hospitals in the U.K.

Ransomware

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NEW REPORT: Turning To New Identity Solutions To Protect Against Threats

PYMNTS

MAY 23, 2017

And as law-enforcement tries to stay a step ahead of bad actors, it comes as no surprise that airports around the globe are investing in new biometric technology to authenticate and identify travelers before they board planes or pass through customs — and digital identity providers are looking to cater to this growing demand.

Authentication

Authentication Ransomware Credential Law Enforcement

Corporate Money Managers Lose Their Grip

PYMNTS

JUNE 20, 2016

The business email compromise has created more than 22,000 cases in the U.S. The data led industry experts to warn companies that they should report cybercrime as soon as possible to law enforcement, though some officials agree that the mechanisms to report such crimes are far from straightforward and streamlined.

Email Compromise

Email Compromise Bitcoin APACS Wire Transfer

How To Prevent Data Breaches: 15 Best Practices

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. Threat actors employ various methods and techniques to execute data breaches.

Best Practices

Best Practices Data Breach Breach Phishing

It’s Only ‘Hacking’ When Bad Guys Do It

PYMNTS

JULY 28, 2017

BKK apparently pays about $1 million per year for T-Systems to maintain its IT infrastructure, which was so easily compromised by a data breach. Neither the BKK nor T-Systems took any responsibility for the bugs, claiming that there was nothing wrong with the system and that all holes in the software had been patched. In other news….

Cybersecurity

Cybersecurity Data Breach Law Enforcement Breach

Why It’s Time To Come Down On Bitcoin

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

Bitcoin Ransomware Multi-Currency Regulations

Business Scams, Everywhere, Phishing For Funds

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. As many as 35 percent of firms were hit by ransomware attacks, and when ransoms were demanded, 12 percent opted to pay up.

Scams

Scams Phishing Federal Trade Commission Wires

Hackers Jump In The Political Mix

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

Law Enforcement Ransomware Credit Cards Compromise

Payments Space

Data Shows 41 Pct Hike In Ransomware Attacks In 2019

Australia’s Toll Suffers Ransomware Attack

City Held Hostage — Via Bitcoin Ransomware

Webinars

AI is a Cause for Celebration But Also a Growing Fear for Firms as They Deal With Data Breaches

BEC Scam Takes $15M In Widespread Attack

Fraudsters Try New Spins On The BEC Scam

BEC Scammers Embrace Coronavirus Opportunity

Global Cyber Attack Hits 100k Institutions In 150 Countries

NEW REPORT: Turning To New Identity Solutions To Protect Against Threats

Corporate Money Managers Lose Their Grip

How To Prevent Data Breaches: 15 Best Practices

It’s Only ‘Hacking’ When Bad Guys Do It

Why It’s Time To Come Down On Bitcoin

Business Scams, Everywhere, Phishing For Funds

Hackers Jump In The Political Mix

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