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. Last year, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1

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PYMNTS

DECEMBER 13, 2020

Reuters quoted a Commerce Department spokesman as having stated: "We have asked the Cybersecurity and Infrastructure Security Agency and the FBI to investigate, and we cannot comment further at this time.". Reuters quoted one unnamed government official as having said: "This is a much bigger story than one single agency.

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Treasury Request for Comment FBI Governance 108

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.

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B2B Wire Transfer FBI Cybersecurity 89

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

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.

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PYMNTS

MARCH 15, 2016

.” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. Ransomware isn’t a new problem by any means, but even more citizens and businesses across the U.S. million attacks in 2014, according to cybersecurity firm Symantec Corp.

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Ransomware FBI Cybersecurity Bitcoin 40

PYMNTS

FEBRUARY 12, 2020

And in that top three, the FBI noted, BEC (sometimes called EAC, or email account compromise) was the absolute leader in generating losses, representing about $1.77 There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.

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Business Email Compromise FBI Email Compromise Scams 101

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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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. You know what they say, cybercrime pays.

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Ransomware Crime FBI Security 41

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. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible. However, not everyone agrees.

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Ransomware Law Enforcement Encryption FBI 40

The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. The post 91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times.

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The Paypers

NOVEMBER 25, 2021

US-based Cybersecurity and Infrastructure Security Agency and the FBI have warned against ransomware attacks around Thanksgiving holiday and recommend safety measures.

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FBI Fraud Prevention Ransomware Cybersecurity 31

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.

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Ransomware FBI Cybersecurity Encryption 52

PYMNTS

APRIL 13, 2016

The number of cybersecurity incidents that did not report the exposure of identities increased to 113 in 2015, up 85 percent compared to the 61 identified in 2014. Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better. According to Wired U.K. ,

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Ransomware Data Breach FBI Breach 43

PYMNTS

JULY 28, 2019

The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. “This virus has disabled some of our technology systems and our central office phone system. All available resources are being utilized to get the district systems back on line.

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Law Enforcement FBI Ransomware Laws 64

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.

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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. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

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Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

MAY 13, 2019

The city of Baltimore fell victim to a ransomware attack last week , as researchers began to dive into the risks of local-level government systems. The data represents one of the first efforts by the cybersecurity industry to analyze such attacks, as the FBI and federal government authorities do not track local-level government incidents.

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Cross-Border Data Breach Ransomware Breach 51

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K.

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PYMNTS

MARCH 17, 2017

In this week’s Hacker Tracker , PYMNTS was joined by Andrew Douthwaite, VP of Managed Services for VirtualArmour , who shared insights on some of the biggest news hitting the cybersecurity space this week. It seems as though the trend of ransomware attacks isn’t disappearing any time soon. Cyberattack Hits Canadian Agency.

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PYMNTS

OCTOBER 25, 2017

BadRabbit is a ransomware attack that locks up computers and requires that a ransom is paid to restore the systems. victims to not pay the ransoms and to report the attack to the FBI via its Internet Crime Complaint Center , noted the report. The government advised U.S.

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Ransomware FBI Cybersecurity Governance 40

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.

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Ransomware FBI Database Compromise 40

PYMNTS

FEBRUARY 3, 2017

Although the details have yet to be released, it’s believed that an employee’s computer was exposed to the ransomware through a phishing scam or by accidentally downloading it. The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified.

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Governance Government Law Enforcement Ransomware 40

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.

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Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

JANUARY 31, 2017

Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. According to The New York Times , the latest hacking scandal comes from an Austrian hotel, Romantik Seehotel Jaegerwirt, where over 180 guests were locked out of their rooms.

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Ransomware FBI Bitcoin Compromise 45

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities.

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SWIFT Bitcoin Database Payments 63

PYMNTS

JULY 14, 2017

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless. Some businesses and governments are readier than others.

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Data Breach Breach FBI Ransomware 47

The Fintech Times

DECEMBER 5, 2024

However, while the average age of someone arrested for a crime is 37, the Experian report reveals that according to the FBI, cyber hacking is now committed by those with an average age of 19. Typically, fraudsters are associated with middle-aged criminals.

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Data Breach Breach Ransomware Deepfake 59