PYMNTS

DECEMBER 26, 2018

founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C.,

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Ransomware Cybersecurity Breach Data Breach 77

PYMNTS

DECEMBER 10, 2020

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. We experienced a ransomware attack involving systems that support certain corporate back office functions of a legacy TSYS merchant business," TSYS said in a statement to PYMNTS.

Ransomware 90

Ransomware Posting Debit Card Cybersecurity 90

PYMNTS

MAY 3, 2020

Corporate ransomware payment amounts rose sharply in the first quarter of this year, with a wave of coronavirus -related attacks and other peripherally-related cases because of complexities with shifting to remote work for many people, according to a Coveware blog post. Sodinokibi was the top type of ransomware on the market with 26.7

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Ransomware Payments Cybersecurity Encryption 81

Fintech News

JUNE 10, 2024

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. Employee education plays a critical role in cybersecurity.

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Ransomware Authorization Phishing Cybersecurity 73

Fintech News

DECEMBER 5, 2023

Organized by ISC2, a global leader in certified cybersecurity professional networks, the event is set to tackle pressing cybersecurity challenges in the Asia Pacific region and globally. The post ISC2 SECURE Asia Pacific Kicks off Today to Tackle Region’s Cybersecurity Challenges appeared first on Fintech Singapore.

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Cybersecurity Security Ransomware Addressing 89

The Fintech Times

DECEMBER 11, 2023

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services. In turn, this often leads to the reuse of the same password across multiple platforms.

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Cybersecurity Ransomware Authentication AI 107

Fintech News

FEBRUARY 15, 2024

Despite the notable drop and improvements, the prominence of sanction-related transactions and the growth of ransomware attacks remain key challenges for the industry to tackle. The growth of ransomware revenue suggests that ransomware attackers are adjusting to the new cybersecurity improvements that organizations have made.

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Ransomware Crime Transactions Romance Scams 85

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.

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Ransomware Cybersecurity Compromise Security 60

PYMNTS

NOVEMBER 28, 2018

They also lack the finances to train staff, adopt cybersecurity technology, and implement sophisticated expertise to protect data. While small and mid-sized businesses (SMBs) must be diligent about data protection and cybersecurity, the professors suggest regulators design legislation proportionate to the size of the business.

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Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

OCTOBER 12, 2020

With over 5,000 cybersecurity vendors in the U.S. But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place.

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Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

MARCH 26, 2020

Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Threat Analyst Brett Callow, who works at a different security firm called Emsisoft, said the incident in question came from Maze, a ransomware group.

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Cybersecurity Data Breach Ransomware FBI 68

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.

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Cybersecurity Ransomware Law Enforcement Security 81

The Fintech Times

AUGUST 6, 2024

After Ransomware surpassed a record $1billion in payouts last year, ExtraHop , a cloud-native network detection and response (NDR) firm, has released its global ransomware trends report, a data-driven analysis of ransomware impacts across geographies, industries, and organisations of different sizes.

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Ransomware Cybersecurity Risk Governance 64

PYMNTS

OCTOBER 29, 2020

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. According to the alert, “malicious cyber actors” are targeting the sector with Trickbot malware, which is typically a precursor to ransomware attacks and data theft. hospitals and healthcare providers.”.

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Ransomware FBI Cybersecurity Credential 56

PYMNTS

DECEMBER 7, 2018

PYMNTS recently caught up with Gula to learn more about reports of hackers stealing NSA’s own hacking tools, and to learn more about how payments and commerce players should focus their own cybersecurity efforts in 2019. You have to have a comprehensive approach to cybersecurity.”. Upon first glance, the picture is pretty dim.

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Cybersecurity Payments Privacy Breach 96

PYMNTS

MARCH 4, 2019

Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies. Together, Comcast and BluVector will work to expand BluVector’s current customer base and create new cybersecurity technologies.

Cybersecurity 69

Cybersecurity AI Ransomware Advisors 69

PYMNTS

SEPTEMBER 13, 2018

Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016.

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Ransomware Small Business Research Returns 67

PYMNTS

AUGUST 12, 2019

Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. Ransomware groups tend to target people in the Anglosphere, who are seen as able to pay and deserving of what they get. and Europe, the The Financial Times reported on Sunday (Aug.

Ransomware 72

Ransomware Data Breach On-Demand Service Provider 72

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. .

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

PYMNTS

OCTOBER 13, 2020

In other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. The group said that ransomware incidents against banks, medical centers, educational institutions and other “critical infrastructure” in G7 nations has been increasing in scope, complexity and commonness.

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Ransomware Bitcoin Treasury Privacy 78

PYMNTS

APRIL 18, 2019

For many, however, the technology still conjures up images of cybercrime and illicit activity, and new data revealing the rising threat of ransomware is likely to fuel that negative reputation. A new report from cybersecurity company Coveware put some numbers behind this trend. The average span of system downtime increased, too, to 7.3

Ransomware 57

Ransomware Bitcoin SDN Cryptocurrency 57

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 5), Toll identified the ransomware as an offshoot of a popular Mailto iteration. “We On Wednesday (Feb.

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Ransomware Law Enforcement Cybersecurity Compromise 52

PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. companies’ cybersecurity measures.

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Cybersecurity Research Phishing Breach 68

PYMNTS

APRIL 12, 2019

What’s clear is that GDPR intends to protect data, and researchers have already found a correlation between GDPR-compliant businesses and lower rates of data breaches – perhaps the result of organizations’ prioritizing and investing more in cybersecurity and data protection initiatives to become compliant.

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Cybersecurity Data Breach Breach Legal Framework 77

PYMNTS

APRIL 29, 2019

To those who understand the importance of cybersecurity, and the monumental risks that growing cyberthreats impose on organizations, safeguarding systems and data may be assumed to go hand in hand with digital transformation. ” Taking Action. ” Taking Action.

Cybersecurity 74

Cybersecurity Ransomware Data Breach Non-Bank 74

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.

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Ransomware End User Crime Authentication 62

PYMNTS

OCTOBER 9, 2020

Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. Ransomware And Malware. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5

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B2B Phishing Scams Ransomware 116

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.

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Ransomware Phishing Encryption Data Breach 60

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

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

PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. However, those numbers don’t show the accurate number of damage, and the longer-term consequences of the ransomware actions are more devastating. .

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Ransomware Cybersecurity Phishing Audit 52

Fintech News

JUNE 3, 2024

Despite its rapid growth, the APAC region remains the second smallest cyber insurance market globally, S&P Global says, a statement that aligns with findings of a Moody’s survey which revealed strong cybersecurity oversight among APAC players compared to global counterparts. trillion annually by 2025.

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Ransomware APACS Cybersecurity AI 82

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

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Cybersecurity Encryption Data Breach Breach 76

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.

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Ransomware Small Business Cybersecurity Addressing 50

PYMNTS

DECEMBER 23, 2019

Mastercard is purchasing artificial intelligence (AI) and analytics startup RiskRecon to accelerate the development of cybersecurity solutions, Mastercard announced on Tuesday (Dec. Data breaches and ransomware attacks jeopardize customers’ records and trust. The transaction is expected to close in the first quarter of 2020.

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Cybersecurity Visa Ransomware Data Breach 55

VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. Leveraging the right ZTNA solution for your company’s needs will enable your business to perform at the highest level while enhancing your organization’s cybersecurity.

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Micro-Entry Data Breach Breach Cybersecurity 162

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