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.

Ransomware 52

Ransomware Cybersecurity Encryption Authorization 52

PYMNTS

JANUARY 13, 2017

A new ransomware variant dubbed Spora was recently spotted and, because of its advanced features, can cause problems for the solutions that are designed to protect against the ransomware. I expect other ransomware suites to follow suit, as this is a big step forward for the attackers,” said Intel. Governments are also victims.

Ransomware 41

Ransomware Encryption Scams Research 41

PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. Pitney Bowes was affected by a malware attack that encrypted information on some systems and disrupted customer access to our services,” the company said on Monday (Oct. The FBI recently warned that “high impact” attacks would be hitting large companies.

Ransomware 46

Ransomware FBI Consulting Encryption 46

PYMNTS

OCTOBER 23, 2019

As it recovers from a ransomware attack that started last week, business-to-business payments provider Billtrust is in its last stages of putting all of its systems online from backups. 17, Krebs on Security reported. The company learned of a malware intrusion on Oct.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

PYMNTS

JUNE 21, 2017

A South Korea-based web hosting firm has fallen victim to ransomware. Reports Tuesday (June 20) said Nayana was hit by a ransomware attack on June 10. The attack held 153 of the company’s servers under control, with the ransomware encrypting the servers and attackers refusing to release them unless the ransom was paid.

Ransomware 40

Ransomware Encryption Cybersecurity Bitcoin 40

Payment Savvy

JANUARY 27, 2021

Most surround investing in a secure business backup plan. Offers ransomware recovery. Use Encryption and Tokenization. If you’ve been looking for ways to make your business more secure, you’ve probably have come across these two terms. Tokenization and encryption handle the data they are attempting to replace differently.

Security 52

Security PCI DSS Encryption Payments 52

PYMNTS

AUGUST 4, 2016

When it comes to ransomware, the bad guys don’t discriminate, which means companies of all shapes and sizes could fall victim to the scam that holds their data hostage. Aiming to help companies in their fight against ransomware attacks, WatchPoint , a provider of advanced cybersecurity products, announced the launch of CryptoStopper.io.

Ransomware 40

Ransomware Encryption Scams Cybersecurity 40

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. All files on each host in the network have been encrypted with a strong algorithm.” According to Cryptovest , the message read, “Your network has been penetrated.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

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.

Ransomware 40

Ransomware FBI Shutdown Bitcoin 40

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 company surveyed 250 IT and security professionals across U.K. Data from the U.S. Researchers at U.K.

Ransomware 43

Ransomware Bitcoin FBI Encryption 43

PYMNTS

MARCH 23, 2016

Another case of bitcoin ransomware has left one Kentucky hospital in an “internal state of emergency,” according to a report from Krebs On Security. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

Ransomware 42

Ransomware Bitcoin Encryption Law Enforcement 42

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.

FBI 45

FBI Ransomware Cybersecurity Encryption 45

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. million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments. The Travelex ransomware attack.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. The actors then use PsExec.exe to distribute the malware to each host on the network and encrypt most of the files on the system,” the FBI added. But the folks behind SamSam have decided to think bigger and are asking for far more.

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

Global Fintech & Digital Assets

DECEMBER 11, 2023

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. The Amendments also require a covered entity to report within 24 hours any extortion payment made in response to a ransomware attack.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

VISTA InfoSec

NOVEMBER 7, 2023

Put simply, cybersecurity is any security system that protects our digital assets. They can include physical security to protect sensitive data on-premises, AI-powered analytics, and biometrics. This is why additional security features like MFA are so critically important. What is Cybersecurity?

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The hacker gang Sodinokibi , also known as REvil, reportedly demanded $6 million in return for encrypted customer data.

Ransomware 52

Ransomware Encryption Returns Compromise 52

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. Pitney Bowes was affected by a malware attack that encrypted information on some systems and disrupted customer access to our services,” the company said on Monday (Oct. The FBI recently warned that “high impact” attacks would be hitting large companies.

Ransomware 51

Ransomware FBI Consulting Encryption 51

PYMNTS

JULY 7, 2017

In a press release, Symantec said the company’s agentless isolation solution eliminates ransomware, malware and phishing threats in real time by preventing potentially harmful content from ever reaching user endpoints or the corporate network via cyberattacks. Terms of the acquisition were not disclosed.

Security 40

Security Ransomware Cybersecurity Gateways 40

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

PYMNTS

MAY 15, 2019

Microsoft has warned that a patched computer bug affecting some of the older versions of Windows could be used as a weapon in the vein of the WannaCry worm, which infected countless computers with ransomware, according to a report by The Wall Street Journal. . Computers at Nissan, FedEx and England’s National Health Service were all affected.

Ransomware 46

Ransomware Encryption On-Demand Security 46

PYMNTS

DECEMBER 13, 2019

Those were ransomware attacks , which demand money in exchange for giving users control of their systems. The previous attacks cobbled phones and encrypted data at the governor’s office, schools, the Medicare system and the Department of Motor Vehicles. The new attacks were not confirmed as ransomware, but they affected city services.

Ransomware 52

Ransomware FBI Cybersecurity Encryption 52

PYMNTS

JANUARY 13, 2020

The ransomware gang Sodinokibi was blamed for demanding $6m (£4.6m) in exchange for customer data. Officials at the Albany International Airport paid a ransom to cybercriminals after the facility’s systems were hit with the Sodiniokibi ransomware strain on Christmas, the Albany Times Union reported.

Ransomware 52

Ransomware Compromise FBI On-Demand 52

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

MARCH 6, 2018

Ransomware attacks stood at 184 million last year, down markedly from the 638 million seen in 2016. That slip comes even as ransomware dominated the news reports (remember WannaCry ?). But ransomware variants, SonicWall reported, were up just over 101 percent. Also, the U.S.

Ransomware 43

Ransomware Volume Encryption Security 43

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

JANUARY 10, 2020

Ransomware , to be exact. The bad actors demanded $6 million in order to return encrypted customer data. The fact that the system has shifted to manual tasks speaks to the impact ransomware attacks can have. Travelex has also said that it does not yet have “a complete picture” of all the data that has been encrypted.

Ransomware 52

Ransomware Cross-Border Encryption End User 52

PYMNTS

JANUARY 20, 2017

The biggest challenge in combating cyber ransom, Radware’s Global Application & Network Security Report 2016-2017 report noted, is that ransom is not only easy, but also every attack has its own vector, technique or angle. Gmail Users Get Fooled.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

APRIL 14, 2016

While five years ago the only way to make money off of illicit access to data was by funneling personalized health information or credit card numbers through back-channel and black market deals, the rise of ransomware provides a self-sufficient cottage industry for the entrepreneurial data thief.

Security 40

Security Ransomware Credential Encryption 40

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. Though WSJ said Trainor expressed his sympathies to those companies that do become victims of ransomware attacks, paying the ransom only serves as an incentive.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

PYMNTS

JULY 20, 2016

Despite efforts by companies and security professionals to protect the nation’s computer systems, incidents of malware attacks are on the upswing, coming at a rate that is close to four times last year. According to AppRiver’s second quarter Global Security Report , between April 1, 2016 and June 30, 2016 the security firm recorded 4.2

Ransomware 41

Ransomware Phishing Credential Encryption 41

PYMNTS

MAY 12, 2016

It looks as though even the House of Representatives isn’t safe from the threat of ransomware attacks. Hackers recently attempted to access congressional computer systems, encrypt the data and hold it for ransom, various media outlets reported on Tuesday (May 10). “In The recent attacks have focused on using.js

Ransomware 41

Ransomware Encryption Phishing Cybersecurity 41

PYMNTS

DECEMBER 4, 2018

In addition, UniCredit customers in Italy can now use the Google Pay digital wallet, and cybercriminals are reportedly using malware to encrypt files and asking for a ransom to be paid through WeChat Pay. The company noted that the service keeps payment details secure by using a virtual account number.

Encryption 59

Encryption Ransomware Payments Debit Card 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. The college’s electronic files had all been encrypted and campus email, voicemail and computer system services had been interrupted.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

JUNE 15, 2017

So much for the Mac OS being more secure than Windows laptops and PCs. Security researchers have reportedly found two types of malware that targets Apple Macs. “It doesn’t fail to encrypt victim’s files or prevent access to important files, thereby causing real damage,” Fortinet said, according to the report.

Research 40

Research Ransomware Professional Development Authorization 40

PYMNTS

JULY 28, 2019

The attacks shut down the districts’ phones, as well as locked and encrypted files and computer equipment in school districts in Sabine, Morehouse and Ouachita parishes in North Louisiana. Louisiana has declared a state of emergency after a series of cyberattacks impacted three of the state’s school districts. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64