PYMNTS

JANUARY 7, 2020

s National Cyber Security Centre (NCSC) and regulators with the Financial Conduct Authority were already looking into the cyberattack, with the NCSC saying it would work closely with law enforcement. Cybersecurity company McAfee had previously linked Sodinokibi attacks to Iran.

Ransomware 52

Ransomware Law Enforcement On-Demand Cybersecurity 52

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

The Fintech Times

JULY 30, 2024

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. Most ransomware victims (63 per cent) who involved law enforcement were also able to avoid paying a ransom.

Data Breach 59

Data Breach Breach AI Law Enforcement 59

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. In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

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 73

Business Email Compromise Scams Email Compromise Wire Transfer 73

PYMNTS

JULY 28, 2017

North Korean cyberattackers are also thought to be behind this year’s WannaCry global ransomware attack. According to South Korean officials, the attempts — which netted several thousand dollars — were withdrawn before South Korean law enforcement identified the ruse after six days.

Law Enforcement 46

Law Enforcement Accounts Ransomware Laws 46

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. It was a very exciting moment.”.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

PYMNTS

AUGUST 9, 2018

billion a year and ransomware results in $1 billion in criminal earnings. Corporates around the world are expected to spend an estimated $96 billion on cybersecurity efforts this year, but with cybercriminals continuing to rake in the money, that spend may be in vain. Knowing your enemy is not just an asset to law enforcement, however.

Law Enforcement 41

Law Enforcement Data Breach Cybersecurity Breach 41

PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. fell victim Friday (May 12) of a cyberattack , while several companies in Spain were hit with a ransomware attack. National Security Agency, and Friday’s tally comes to more than 126,000 cases of infection.

Ransomware 40

Ransomware Law Enforcement Cybersecurity Government 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. We’re dealing with a criminal element.

Governance 40

Governance Government Law Enforcement Ransomware 40

PYMNTS

AUGUST 21, 2017

The black market took a hit when, in July, law enforcement took down two of the biggest dark web marketplaces, AlphaBay and Hansa Market. On the dark web, some of those false listings come from law enforcement trying to bait criminals. It’s not that these sites didn’t have security or verification before.

Law Enforcement 45

Law Enforcement Laws Verification Void 45

EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Regular training and communication can reinforce the importance of cybersecurity and provide employees with the knowledge and tools they need to protect sensitive data.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

APRIL 29, 2016

The annual study found that hackers are continuing to rely on attack methods such as phishing and ransomware , both of which enable them to capitalize on the element of human error. For example, the study found that nearly 63 percent of confirmed data breaches involved using weak, default or stolen passwords.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44

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. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 105

Crime Ransomware Scams Stablecoins 105

PYMNTS

JULY 28, 2017

The weekend “rehab camp” hopes to become that intervention, nudging these youths away from a life of hacking and toward a career in cybersecurity. s cybersecurity rehab camp. While the hackers may think their mischief is all just fun and games, without intervention, their behavior could lead them down a criminal path. In other news….

Cybersecurity 44

Cybersecurity Data Breach Law Enforcement Breach 44

PYMNTS

NOVEMBER 7, 2016

Chain Store Age just released its predictions for the near future of cybersecurity. Further, expect ransomware to catch up to distributed-denial-of-service (DDoS) attacks in prevalence. DDoS and ransomware will also be used to attack cloud-based data centers. The urgency is real.

Cybersecurity 81

Cybersecurity Ransomware Law Enforcement Security 81

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 62

Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

JULY 13, 2018

The findings from more than 350 surveyed show that 67 percent of respondents have blocked phishing attacks, 58 percent have halted ransomware attacks and 57 percent have halted insider attack efforts. As pertains to supply chain risk, 49 percent said they’d prevented attacks there. million over the last 12 months.

Risk 40

Risk Phishing Federal Trade Commission Debit Card 40