Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Key Amendments “Class A” Companies The Amendments create a new category of covered entities — deemed “Class A” companies — with heightened cybersecurity obligations.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

VISTA InfoSec

OCTOBER 21, 2024

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. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

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Security Phishing Ransomware Risk Assessment 130

PYMNTS

JANUARY 8, 2020

Travelex , a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems, forcing employees to use pen and paper to take care of thousands of customers, according to a report by Reuters. Ransomware attacks against large corporations are becoming more and more common.

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Ransomware Cybersecurity Encryption Authorization 52

PYMNTS

JUNE 21, 2017

A South Korea-based web hosting firm has fallen victim to ransomware. That’s not unusual in today’s cybersecurity climate, but what is unusual is how much the company is paying to regain control of its systems: $1 million. Reports Tuesday (June 20) said Nayana was hit by a ransomware attack on June 10. Nayana agreed to pay 397.6

Ransomware 40

Ransomware Encryption Cybersecurity Bitcoin 40

PYMNTS

MARCH 29, 2016

As the FBI works to combat a specific type of ransomware virus, it is calling on businesses and software security experts for emergency assistance in its investigation. ” The particular strain of ransomware the FBI is fighting is known as MSIL/Samas.A and is being used by hackers for extortion.

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FBI Ransomware Cybersecurity Encryption 45

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. The survey also revealed other concerns regarding corporate cybersecurity measures. Data from the U.S.

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Ransomware Bitcoin FBI Encryption 43

PYMNTS

AUGUST 4, 2016

When it comes to ransomware, the bad guys don’t discriminate, which means companies of all shapes and sizes could fall victim to the scam that holds their data hostage. Aiming to help companies in their fight against ransomware attacks, WatchPoint , a provider of advanced cybersecurity products, announced the launch of CryptoStopper.io.

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Ransomware Encryption Scams Cybersecurity 40

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. Unseen and possibly unknown.

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Cybersecurity Credential Encryption Phishing 65

PYMNTS

SEPTEMBER 19, 2016

More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls. Health care companies are indeed concerned, but some may feel paralyzed as to what to do about it, including how to encrypt data. Recently, the U.S.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

PYMNTS

JANUARY 13, 2017

A new ransomware variant dubbed Spora was recently spotted and, because of its advanced features, can cause problems for the solutions that are designed to protect against the ransomware. I expect other ransomware suites to follow suit, as this is a big step forward for the attackers,” said Intel. Governments are also victims.

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Ransomware Encryption Scams Research 41

VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Despite its inherent simplicity, it adds a layer of defense that is hard to penetrate.

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Authentication MFA Cybersecurity Credential 130

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. All files on each host in the network have been encrypted with a strong algorithm.” According to Cryptovest , the message read, “Your network has been penetrated.

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Ransomware Law Enforcement Encryption FBI 40

PYMNTS

MAY 20, 2016

Not only are ransomware creators TeslaCrypt closing up shop, the group is also reportedly sorry for all the damage they inflicted during their run. The now-defunct ransomware Trojan was designed to find and encrypt video games on PCs. Last month, the FBI stated that the use of ransomware has reached an all-time high.

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Ransomware FBI Shutdown Bitcoin 40

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).

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

DECEMBER 13, 2019

One of the tweets informed the city’s residents that it was working with “ cybersecurity resources” from the National Guard, the Secret Service and the FBI. Those were ransomware attacks , which demand money in exchange for giving users control of their systems. It was not stated whether any agencies were shut down. On Friday (Dec.

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Ransomware FBI Cybersecurity Encryption 52

PYMNTS

JULY 28, 2019

The attacks shut down the districts’ phones, as well as locked and encrypted files and computer equipment in school districts in Sabine, Morehouse and Ouachita parishes in North Louisiana. Louisiana has declared a state of emergency after a series of cyberattacks impacted three of the state’s school districts. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

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.

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FBI Ransomware Cybersecurity Encryption 41

PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The college’s electronic files had all been encrypted and campus email, voicemail and computer system services had been interrupted.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

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 s card-not-present fraud situation may get worse before it gets better. Money On The (Cybercriminal) Brain. Above all else, hackers are all about the money.

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Phishing Ransomware EMV CHIPS 45

PYMNTS

JUNE 4, 2018

Furthermore, AIG found that more than a quarter – 26 percent – of cyber claims in 2017 cited ransomware as the primary cause of loss, compared to only 16 percent between 2013 and 2016. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

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Data Breach Ransomware Breach Cybersecurity 43

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.

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PYMNTS

JANUARY 19, 2020

The ransomware attack on Dec. The city is adding more protections for the network, in addition to a dedicated cybersecurity team. Louisiana was also hit by cyberattacks in July and November, including a ransomware attack. The attacks took down phone lines and encrypted data at government and school offices.

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Ransomware Payments Governance Government 52

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

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Ransomware Encryption Phishing Cybersecurity 41

PYMNTS

JULY 7, 2017

On June 27, the hostile software — dubbed “NotPetya” after initial reports misidentified it as the ransomware Petya — crippled organizations in more than 60 countries and in every possible vertical, from banks and shipping providers in the Ukraine to U.S. No, the term “ransomware” wouldn’t do justice to this threat.

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PYMNTS

JULY 7, 2017

Symantec, the cybersecurity company, made news on Thursday (July 6) with its acquisition of Fireglass, the Israeli agentless isolation solution startup. The ability for the security team to take an aggressive stance on unknown websites and questionable attachments without causing chaos for a company’s users and IT help desk is now a reality.

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Security Ransomware Cybersecurity Gateways 40

PYMNTS

MARCH 6, 2017

While the types of data breaches now vary – from ransomware, to phishing emails, to insider attacks – malware continues to be a major culprit, with the AT&T Market Pulse: The Global State of Cybersecurity survey finding that 90% of U.S.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

MARCH 6, 2018

Ransomware attacks stood at 184 million last year, down markedly from the 638 million seen in 2016. That slip comes even as ransomware dominated the news reports (remember WannaCry ?). But ransomware variants, SonicWall reported, were up just over 101 percent.

Ransomware 43

Ransomware Volume Encryption Security 43

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.

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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

OCTOBER 17, 2017

16), researchers found a widespread cybersecurity vulnerability affecting pretty much every person and device that uses Wi-Fi and dubbed it KRACK, for Key Reinstallation Attack. They could even inject malicious software (ransomware or malware) into websites, Forbes reported. There’s a KRACK in the Wi-Fi System. Monday morning (Oct.

Cybersecurity 50

Cybersecurity CHIPS Ransomware Breach 50

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.

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Ransomware Blockchain Compromise Bitcoin 40

PYMNTS

AUGUST 23, 2016

Virtru , the email and file encryption application, announced on Monday (Aug. He will serve alongside BVP Partner David Cowan, who cofounded cybersecurity companies VeriSign, Good Technology and Defense.net, and Authentic8 CEO Scott Petry, who founded the email security company Postini. 22) it closed a round of venture capital funding.

Encryption 40

Encryption Ransomware Advisors Cybersecurity 40

EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Therefore, businesses must secure their networks and systems to prevent unauthorized access by deploying strong encryption, setting up firewalls, ensuring accurate user authentication processes, and more.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

JULY 13, 2018

But just as the enterprise faces greater exposure to cybersecurity threats as processes are digitized, the interconnectivity and digitization of fleets leaves the door wide open for an attack. “And as such, they are subject to many of the same cybersecurity risks as an enterprise server or network.” ” In the U.S.,

Risk 44

Risk Cybersecurity Privacy Ransomware 44

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.

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Ransomware Bitcoin Data Encryption Encryption 44

Segpay

JUNE 13, 2024

This underscores why businesses must implement robust cybersecurity measures to guarantee secured transactions in this digital landscape. The Travelex ransomware attack. PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. million ransom.

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Best Practices Processors Transactions Security 40

The Finance Weekly

DECEMBER 30, 2021

Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist? Malware attacks, especially ransomware attacks, are on the rise. The following are a few practical considerations as waves of new technology continue coming our way.

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Technology MSPS Small Business Data Security 52