PYMNTS

DECEMBER 26, 2018

companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” A 2017 Annual Cybersecurity Report (ACR) from Cisco found companies that suffer a data breach could have customer, opportunity and revenue losses exceeding 20 percent.

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

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. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.”

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. 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

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. According to forthcoming data from the FBI, 2015 saw 2,453 reported ransomware incidents.

Ransomware 43

Ransomware Data Breach FBI Breach 43

PYMNTS

MAY 13, 2019

Wolters Kluwer , which fell victim to a malware attack last week, sent a “quiet panic” through the accounting industry, with clients unable to access data and do their jobs. 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.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

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.". Its operators also have filched industrial data and hacked foreign ministries.".

Treasury 108

Treasury Request for Comment FBI Government 108

PYMNTS

APRIL 18, 2016

To start: A new report from the FBI about cyber attack costs, updates about Ant Financial’s IPO path, discussions about who is going to be on the $20, pressure on the IRS chief, and another cross-border payments move for MasterCard. Ransomware Attacks Up. $1 So what does that entail?

IRS 40

IRS Cross-Border Payments Cross-Border Ransomware 40