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. On July 4, hackers announced they’d used Nefilim Ransomware to access the Orange server, gaining data on the company’s Orange Business Solutions division.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

Ransomware 62

Ransomware End User Crime Authentication 62

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 We’ll continue to provide updates as we securely bring our systems back online.”. On Wednesday (Feb.

Ransomware 52

Ransomware Law Enforcement Cybersecurity Compromise 52

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. .

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

Ransomware 49

Ransomware End User Crime Law Enforcement 49

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 Breach 60

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. As criminals try to beat the system, we are continually adapting the predictive analytics we use to detect compromises. The post Double-Digit ATM Compromise Growth Continues in US appeared first on FICO.

Compromise 74

Compromise ATM Continuity Card Issuer 74

Fintech News

APRIL 1, 2024

According to the report, payment and crypto were the most targeted sectors by identity fraud attacks, with payments continuing to take the top spot in Q4 2023 by representing nearly half of all global fraud attempts during that quarter. Ransomware payments using cryptocurrencies reached US$1.1

Ransomware 117

Ransomware Payments Bitcoin Scams 117

PYMNTS

OCTOBER 19, 2020

Vizom also modifies browser shortcuts to lead its own executable files and continuously runs in the background, regardless of any browser the user tries. Treasury Office of Terrorism and Financial Intelligence issued an alert about the surge in ransomware attacks. Earlier this month the U.S.

Ransomware 123

Ransomware FBI Phishing Treasury 123

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. 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.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. 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.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

DECEMBER 5, 2017

When a company is hit by ransomware, the cost of paying the ransom is rarely, if ever, the full cost of the cyberattack. And while most said they acknowledged ransomware as a significant threat, less than half said they were confident they would be able to deal with a ransomware attack.

Ransomware 50

Ransomware Small Business Cybersecurity Addressing 50

Fintech News

JUNE 3, 2024

German insurance group Munich Re expects the market to continue its growth momentum, projected to triple in size by 2025. Cyber insurance, also called cyber liability insurance or cybersecurity insurance, covers financial losses that companies have as a result of ransomware attacks, data breaches and other cyber incidents.

Ransomware 107

Ransomware APACS Cybersecurity AI 107

Fintech News

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. In 2023, ransomware payments peaked, breaking past the US$1 billion (SG$1.35 billion) threshold for the first time.

Crime 107

Crime Ransomware Scams Stablecoins 107

Fintech News

FEBRUARY 10, 2025

While the global crypto market continues to boom, with transaction volumes surpassing USD $10.6 From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. The financial toll has been devastating.

Crime 90

Crime Ransomware Scams Phishing 90

PYMNTS

MAY 31, 2016

Last week, the FBI published a report confirming the fact – the data noting that, in 2015, ransomware attacks left businesses and individuals feeling the burn of more than $1.6 Ransomware attacks and threats are said to have accounted for $1,620,814 of that sum, the report stated. million in losses. billion in reported losses.

Ransomware 41

Ransomware Crime FBI Security 41

PYMNTS

OCTOBER 9, 2020

Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. Ransomware And Malware. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp.

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

AUGUST 21, 2018

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. ” The report found that cybercrime costs businesses $600 billion each year, with ransomware specifically costing corporations $8 billion per year, or more than $15,000 per minute. . The data also showed.17

Ransomware 53

Ransomware Phishing Compromise Credit Cards 53

FICO

DECEMBER 23, 2020

We predict a continued expansion in the use of AI/machine learning in financial services in such key risk areas as cybersecurity, customer onboarding, sanctions screening, transaction monitoring, etc. There Will Be More Ransomware Attacks and Potential Sanctions Risk Implications. Regulators Will Zero in on Closing the Gaps.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

PYMNTS

AUGUST 19, 2016

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. Cybersecurity experts say data backups can be an effective deterrent against ransomware attacks.

Ransomware 43

Ransomware Bitcoin FBI Encryption 43

VISTA InfoSec

OCTOBER 21, 2024

We will continue seeing this happen in our lifetime, with a prominent example of this found in a relatively new mainstream advancement in fintech – cryptocurrency. This typically goes hand-in-hand with ransomware, where hackers will request a ransom to be paid to either be able to access your data or return it.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

Fintech News

DECEMBER 5, 2023

The two-day conference, running from 6-7 December, brings together an array of over 30 expert speakers to address topics such as artificial intelligence in cyber defense, cloud security, ransomware, and the broader scope of governance, risk, and compliance.

Cybersecurity 107

Cybersecurity Security Ransomware Addressing 107

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. Many organisations also said they would pay a ransom to reduce disruption.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. 233,817 is the average ransomware payment an organization pays to regain control of its systems, according to new data from Coveware.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96

Fintech Finance

OCTOBER 24, 2024

Enumeration: Merchants continue to be targeted by cybercriminals who test payment data with scale and speed, leading them to access consumer account information. Ransomware: More sophisticated ransomware attacks are affecting more companies and individuals. Although there was an overall decrease of 12.3%

Scams 98

Scams Ransomware Governance Government 98

PYMNTS

AUGUST 24, 2020

A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Analysts pointed to several high-profile ransomware cases that hit large enterprises, including Cannon and Garmin, as a contributor to the higher payout values. 389 percent more BEC scams hit U.S.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

OCTOBER 23, 2019

As it recovers from a ransomware attack that started last week, business-to-business payments provider Billtrust is in its last stages of putting all of its systems online from backups. Pinado continued, “We immediately started focusing on control, remediation and protection. The company learned of a malware intrusion on Oct.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

PYMNTS

JUNE 22, 2020

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the company told authorities, according to The Times of India.

Identity Theft 102

Identity Theft Ransomware FBI Enrollments 102

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

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.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

NOVEMBER 7, 2016

The industrial IoT will also become more vulnerable to cyberattacks in 2017 as its informational and operational technologies continue to converge. Mobile attacks will also continue to grow in number and sophistication in 2017. Further, expect ransomware to catch up to distributed-denial-of-service (DDoS) attacks in prevalence.

Cybersecurity 81

Cybersecurity Ransomware Law Enforcement Security 81

PYMNTS

APRIL 4, 2019

The threat of cyberattacks continues to grow, and small businesses (SMBs) are caught in the crosshairs. 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. million. .

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

OCTOBER 15, 2018

Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims. 133,000: the average cost of a ransomware attack on a small business.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

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. In a survey of 1,700 managed service providers (MSPs) that work with a combined 100,000 SMBs, Datto found that 99 percent of respondents agree ransomware attacks will probably pick up this year and next.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. This rapid response minimises damage and ensures business continuity. Furthermore, continuous authentication systems powered by AI monitor user behaviour, offering an additional layer of security.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

JUNE 29, 2020

billion in intended losses and more than $568 million in actual losses among financial institutions, merchants and individuals, and would have continued to do so for the foreseeable future if left unchecked, the Justice Department said. In April, a joint study by the U.S. and the United Kingdom.

Ransomware 80

Ransomware Credit Cards Compromise Digital Currency 80