PYMNTS

DECEMBER 26, 2018

According to one security expert, the answer is, unfortunately, yes. companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” Ackerman also warned that another wave of ransomware is expected to hit in 2019.

Ransomware 77

Ransomware Cybersecurity Breach Data Breach 77

PYMNTS

JULY 30, 2019

Earlier this month researchers at Symantec warned of a security flaw in WhatsApp and Telegram that allows hackers to manipulate a file when sent from one user to another. Most recently, a string of ransomware attacks hit local government entities that ultimately decided to pay off the attackers to regain access to computers.

Data Breach 64

Data Breach Small Business Breach Ransomware 64

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

VISTA InfoSec

JUNE 7, 2024

As flexible working arrangements become increasingly common across every industry, companies need secure, dependable ways to grant remote employees online access to company data, services, and applications. With ZTNA, companies will no longer have to tolerate higher security risks in the name of maintaining productivity.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

PYMNTS

AUGUST 12, 2019

Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. Cyber insurance security responder Tom Bennett of CFC Underwriting told the FT that claims surged in June and July. Cyber insurance security responder Tom Bennett of CFC Underwriting told the FT that claims surged in June and July.

Ransomware 72

Ransomware Data Breach On-Demand Service Provider 72

PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. We wish to inform our valued customers that we are investigating a potential security breach. At 3:00 a.m.

Ransomware 110

Ransomware FinTech Breach Cybersecurity 110

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

APRIL 28, 2017

Ransomware incidents have risen 50 percent over the last year according to Verizon, who just recently released the 2017 edition of their Data Breach Investigations Report detailing the latest trends and information on cybersecurity threats. Here are some of the key data points.

Ransomware 46

Ransomware Data Breach Breach Cybersecurity 46

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. The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Zack did not say anything beyond that.

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

The Fintech Times

JUNE 20, 2024

No bank is immune to this threat, with ransomware attacks on financial services increasing from 55 per cent in 2022 to 64 per cent in 2023. The severity of the challenge is demonstrated in IBM ’s Cost of a Data Breach Report 2023 , which ranks data breaches in the financial sector as second only to the healthcare industry in terms of costs.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

Fintech News

JUNE 3, 2024

Cyber insurance, also called cyber liability insurance or cybersecurity insurance, covers financial losses that companies have as a result of ransomware attacks, data breaches and other cyber incidents. Ransomware is a type of malicious software attack designed to block access to a computer system until a ransom is paid.

Ransomware 105

Ransomware APACS Cybersecurity AI 105

PYMNTS

JUNE 4, 2018

The combination of leaked National Security Agency (NSA) tools, plus state-sponsored capabilities, triggered a systemic event,” Mark Camillo, head of cyber for EMEA at AIG, said in a statement. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Data Breach 43

Data Breach Ransomware Breach Cybersecurity 43

PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. This according to the latest volume of the Internet Security Threat Report published today by software company and security product provider Symantec. To start, ransomware threats escalated globally through 2016 in size, number and kind. In the U.S.,

Ransomware 62

Ransomware End User Crime Authentication 62

PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. This according to the latest volume of the Internet Security Threat Report published today by software company and security product provider Symantec. To start, ransomware threats escalated globally through 2016 in size, number and kind. In the U.S.,

Ransomware 49

Ransomware End User Crime Law Enforcement 49

The Fintech Times

JANUARY 26, 2024

Speaking on the findings, Michael Bruemmer , vice president, global data breach resolution at Experian said: “Cybercriminals are continually working smarter, not harder. “Organisations should not ignore even the slightest security abnormalities. They must be more aware of what global interests may make them a target.”

Data Breach 59

Data Breach Breach Crime Ransomware 59

Payments Source

JUNE 1, 2018

Many of these attacks have been server side ransomware and other sophisticated hacks, leading companies to examine the immature security processes and technology of application security and the insufficient expertise of development, writes Jeannie Warner, the security manager at WhiteHat Security.

Ransomware 76

Ransomware Security Breach Process 76

Segpay

JUNE 13, 2024

This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. If you fail to fortify your defenses, your business will suffer a lot in the face of a successful breach. The Travelex ransomware attack. million ransom. The BlueSnap attack.

Best Practices 40

Best Practices Processors Transactions Security 40

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

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

NOVEMBER 25, 2019

As data breaches and ransomware hacks escalate, cyber protection is becoming one of the fastest-growing insurance industry sectors, a Financial Times special report indicated. A 2014 breach at Marriott, for example, cost the chain over $100 million before fines were levied under EU rules.

Breach 67

Breach Data Breach Ransomware Rules 67

Finovate

JUNE 10, 2024

In a round led by CIBC Innovation Banking, Texas-based cybersecurity company SpyCloud has secured $35 million in growth funding. The company’s platform scans and analyzes data from breaches, devices infected with malware, and the dark web to find employee login credentials that have been exposed.

Account Takeovers 59

Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners.

Cybersecurity 77

Cybersecurity Data Breach Legal Framework Breach 77

PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. In other U.S.

Bitcoin 49

Bitcoin Security Cryptocurrency Data Breach 49

PYMNTS

SEPTEMBER 11, 2018

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. Last week, British Airways announced that it was hit by a customer data breach on its website and mobile app, affecting around 380,000 card payments.

Research 74

Research Data Breach Breach Credit Cards 74

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

SEPTEMBER 13, 2018

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security. At the same time, though, the risk of identity theft and fraud is at an all-time high.

Security 59

Security Identity Theft Authentication Verification 59

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

SEPTEMBER 14, 2020

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware of the issue until about three months later. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

DECEMBER 23, 2019

Cyberattacks have become a critical issue for companies of all sizes and a threat to privacy and data security. Data breaches and ransomware attacks jeopardize customers’ records and trust.

Cybersecurity 55

Cybersecurity Visa Ransomware Data Breach 55

PYMNTS

JUNE 1, 2020

Security experts are warning that phishing attackers are using Google Firebase storage URLs in an effort to trick targets into harvesting sensitive data. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

OCTOBER 12, 2020

Traditional channels for choosing the right security solutions include searching through hundreds of companies on Google, attending trade shows and conferences or dealing with constant cold calls and cold emails from security company sales reps,” said Armistead Whitney , CEO of Apptega , which recently launched CyberXchange.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

MAY 20, 2016

It wouldn’t be the end of the business week in the payments industry if there weren’t another batch of news items relating to cybersecurity, data breaches and hackers. That, and much more in today’s Daily Data Dive 5-in-1: Ransomware Creator Calls It Quits. $1 LinkedIn’s Data Breach Scope.

Breach 42

Breach Data Breach Ransomware Bitcoin 42

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. Half of companies surveyed, however, are depending on outdated technologies and solutions to stay secure. What cybersecurity threats will impact corporate buyers and suppliers in 2017?

Checks 58

Checks Email Compromise Security Compromise 58

PYMNTS

JUNE 24, 2020

Cognizant Technology Solutions, an IT solutions company, recently revealed it was targeted in a ransomware attack in April, and it’s the firm’s corporate credit cards that suffered the bulk of the impact. All employees with an active company card have been notified of the data breach.

Commercial Card 52

Commercial Card Innovation Ransomware Card Issuer 52

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. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44