PYMNTS

SEPTEMBER 11, 2018

According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised. RiskIQ, the security firm, told outlets on Tuesday (Sept.

Research 74

Research Data Breach Breach Credit Cards 74

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

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. SAMSAM) was used to compromise the networks of multiple U.S. Researchers at AlienVault noted that this ransomware also has a talent for spreading to any computers that share a network with the infected computer. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. The publication, citing Agari research, warned that the tactic makes BEC scammers’ messages all the more convincing. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

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. .

Government 58

Government Governance Ransomware Compromise 58

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. Travelex said it had contained the ransomware and investigations show that customer data was not compromised.

Ransomware 52

Ransomware Encryption Returns Compromise 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

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. In the cases in which GoDaddy was involved, security professionals had to clean up, on average, 110 compromised files per hack.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

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

PYMNTS

SEPTEMBER 8, 2020

949 gigabytes of confidential data have been accessed by ransomware attackers targeting IT distributor Ma Labs , reports in CRN said, an attack that has stalled the company's operations and left its customers in limbo. million per targeted attack.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

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

The Fintech Times

DECEMBER 11, 2023

“Perhaps the most significant target for malicious actions in 2024 will be the politically motivated disinformation campaigns in the US and UK election, compromising both political candidates and the respective election processes. “In 2024, we will see these ransomware attackers continue to get more sophisticated and organised.

Cybersecurity 139

Cybersecurity Ransomware Authentication AI 139

PYMNTS

APRIL 2, 2020

Researchers said the findings underscore the acknowledgment that fraudsters are stratifying their methods to optimize returns by automating and scaling attacks. Automated attacks such as ransomware, business email compromise, and system-level takeover fraud, outpaced high-touch attack methods such as check fraud, the survey said.

Small Business 92

Small Business Email Compromise Ransomware Compromise 92

PYMNTS

OCTOBER 15, 2018

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. Researchers advised small business owners to not download any email attachments from an unnamed address. “This is a scam, pure and simple. .”

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

MAY 17, 2017

The WannaCry malware that spread globally over the past weekend has cybersecurity researchers puzzled on a number of levels. The main question on researchers’ minds is how exactly WannaCry spread. . There are many theories, according to a report from Reuters , but few definitive answers.

Research 40

Research Phishing Cybersecurity Bitcoin 40

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. Additional Attacks Putting the Enterprise at Risk.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). According to the latest research from Bottomline Technologies, businesses said the fraud threat is on the rise.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

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

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 63

Business Email Compromise Email Compromise Scams Law Enforcement 63

The Fintech Times

JUNE 20, 2024

No bank is immune to this threat, with ransomware attacks on financial services increasing from 55 per cent in 2022 to 64 per cent in 2023. Threats can also easily come from the inside as employees or contractors with access to sensitive information may intentionally or unintentionally compromise security.

Risk 58

Risk Cybersecurity Data Breach Ransomware 58

The Fintech Times

JULY 30, 2024

With research conducted by the Ponemon Institute , the report found that many fintech teams are understaffed. 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.

Data Breach 58

Data Breach Breach AI Law Enforcement 58

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

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better.

Ransomware 43

Ransomware Data Breach FBI Breach 43

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. The compromise of unreleased footage from the TV series “Orange Is the New Black” took place at a third-party production vendor.

Ransomware 40

Ransomware Blockchain Compromise Bitcoin 40

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 Wire 59

PYMNTS

FEBRUARY 28, 2020

Separately, in terms of fraud against companies, banking trojans, malware and ransomware have been coming from the Latin American region, the paper said. That’s due in part to a confluence of “sophisticated hackers” and “extensive schemes targeting banks,” along with unregulated and even illegal exchanges.

Money Laundering 86

Money Laundering Crime AML Cryptocurrency 86

PYMNTS

MAY 19, 2017

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. It is unusual for ransomware to have network worm capabilities,” Douthwaite said. ” Other researchers agree. If users didn’t pay within that time frame, the ransom would double.

Ransomware 46

Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

MAY 2, 2019

Last year saw record levels of venture capital pumped into cybersecurity startups, and researchers at Gartner expect companies to increase cybersecurity spend by 9 percent between 2018 and 2019, reaching $124 billion. A recent research report released by eSentire found that indeed, vendors present a significant cyber risk to organizations.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

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 Krebs, a security researcher said he compromised the inbox of the hacker after seeing a news article on the SFMTA hack.

Ransomware 44

Ransomware Bitcoin Data Encryption Encryption 44

PYMNTS

JUNE 21, 2017

According to the research, while there is a lot of awareness about ransomware and targeted attacks, the biggest pain still comes from conventional malware, the security company said. The misunderstanding comes when prioritizing what risks they are facing.

Ransomware 49

Ransomware Procedures Security Compromise 49

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 40

Ransomware Law Enforcement Cybersecurity Governance 40

PYMNTS

JUNE 1, 2020

Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed. researchers found that severe and catastrophic data breaches are on the rise, with the number of cases of compromised data jumping 273 percent in the first quarter of 2020.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb.

Phishing 58

Phishing PayPal Ransomware Cybersecurity 58

PYMNTS

AUGUST 2, 2017

A British security researcher demonstrated how he — or anyone — could install malware on an older Echo device (sold before 2017) to stream audio from the hacked device to his remote server. While hacking the Echo was relatively simple, it did require the researcher — one Mark Barnes of U.K.-based

Cybersecurity 44

Cybersecurity Data Security Ransomware Wire 44

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks. While researchers at Tanium found last year that one-third of U.K.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

MARCH 24, 2017

Whether a mysterious “crime family” is really out to compromise iCloud and.mac accounts is yet to be seen, but either way the possible extortion of a tech giant is worrisome. It’s been an interesting week when it comes to Apple’s cybersecurity news.

Credential 45

Credential Crime Ransomware Data Breach 45

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