PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. The FBI recently warned that “high impact” attacks would be hitting large companies. Ransomware attacks are becoming more targeted, sophisticated, and costly, even as the overall frequency of attacks remains consistent,” the FBI said in the warning.

Ransomware 46

Ransomware FBI Consulting Encryption 46

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. Last year, the FBI received roughly 2,453 complaints related to ransomware malware attacks, which amounted to $24.1

FBI 41

FBI Ransomware Cybersecurity Encryption 41

PYMNTS

FEBRUARY 12, 2020

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 There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result? million in losses for victims.

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

OCTOBER 9, 2020

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

B2B 116

B2B Phishing Scams Ransomware 116

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

Fintech News

APRIL 1, 2024

billion in 2022, a new report by the Federal Bureau of Investigation (FBI) shows. Ransomware payments using cryptocurrencies reached US$1.1 Total value received by ransomware attackers, 2019-2023, Source: Chainalysis, Feb 2024 The ransomware landscape is not only prolific but also continually expanding and becoming more sophisticated.

Ransomware 117

Ransomware Payments Bitcoin Scams 117

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. Currently the malware has caught the FBI’s attention. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

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. Cybersecurity experts say data backups can be an effective deterrent against ransomware attacks.

Ransomware 43

Ransomware Bitcoin FBI Encryption 43

PYMNTS

MAY 31, 2016

Last week, the FBI published a report confirming the fact – the data noting that, in 2015, ransomware attacks left businesses and individuals feeling the burn of more than $1.6 Ransomware attacks and threats are said to have accounted for $1,620,814 of that sum, the report stated. You know what they say, cybercrime pays.

Ransomware 41

Ransomware Crime FBI Security 41

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Ransomware is in there, of course, where a methodology shift is underway — i.e. criminals are less random in their approach and now target specific companies and individuals.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

MARCH 15, 2016

.” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. Ransomware isn’t a new problem by any means, but even more citizens and businesses across the U.S. million attacks in 2014, according to cybersecurity firm Symantec Corp.

Ransomware 40

Ransomware FBI Cybersecurity Bitcoin 40

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. Ransomware: More sophisticated ransomware attacks are affecting more companies and individuals.

Scams 98

Scams Ransomware Governance Government 98

PYMNTS

JUNE 22, 2020

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the company told authorities, according to The Times of India. Also, the FBI has been called to assist with finding out the perpetrator.

Identity Theft 102

Identity Theft Ransomware FBI Enrollments 102

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.". Reuters quoted one unnamed government official as having said: "This is a much bigger story than one single agency.

Treasury 108

Treasury Request for Comment FBI Governance 108

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 26, 2020

Threat Analyst Brett Callow, who works at a different security firm called Emsisoft, said the incident in question came from Maze, a ransomware group. The group steals data, and its ransomware spreads through a network and infects every computer it comes into contact with.

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

OCTOBER 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. The FBI recently warned that “high impact” attacks would be hitting large companies. Ransomware attacks are becoming more targeted, sophisticated, and costly, even as the overall frequency of attacks remains consistent,” the FBI said in the warning.

Ransomware 51

Ransomware FBI Consulting Encryption 51

PYMNTS

AUGUST 18, 2016

IT security company Check Point released its in-depth research on the growing threat of Ransomware-as-a-Service (RaaS). It’s estimated that ransomware authors earn $946,000 annually. The remaining money was split amongst other affiliates. In the “2015 Internet Crime Report,” Randall C.

Ransomware 40

Ransomware Crime FBI Bitcoin 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. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible. However, not everyone agrees.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

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. The FBI recently warned that “high impact” attacks would be hitting large companies per past reports. 17, Krebs on Security reported.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

The Paypers

NOVEMBER 25, 2021

US-based Cybersecurity and Infrastructure Security Agency and the FBI have warned against ransomware attacks around Thanksgiving holiday and recommend safety measures.

FBI 31

FBI Fraud Prevention Ransomware Cybersecurity 31

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter.

B2B 89

B2B Wire Transfer Cybersecurity FBI 89

PYMNTS

OCTOBER 9, 2020

FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Breach 82

PYMNTS

APRIL 13, 2016

Just last month, the FBI issued a serious warning that the ransomware problem is likely to get much work before it gets better. Chris Stangl, a section chief at the FBI’s Cyber Division, called ransomware “a prevalent, increasing threat” in an interview with The Wall Street Journal.

Ransomware 43

Ransomware Data Breach FBI Breach 43

The Fintech Times

FEBRUARY 9, 2024

” Acronis also reveals that while the number of new groups and ransomware variants is decreasing, the most renowned families of the attack vector are still causing companies across the globe to lose data and money.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

DECEMBER 13, 2019

One of the tweets informed the city’s residents that it was working with “ cybersecurity resources” from the National Guard, the Secret Service and the FBI. Those were ransomware attacks , which demand money in exchange for giving users control of their systems. It was not stated whether any agencies were shut down. On Friday (Dec.

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

APRIL 13, 2016

Starbucks’ overhauled mobile app (and rewards system), SMBs are optimistic about growth — but weary of the economy, Max Levchin’s Affirm brought in some cash, more Uber regulator data woes, and data on FBI ransomware malware attack complaints. As a result the unicorn territory with a valuation of $800 million.

FBI 40

FBI Ransomware Regulations Economy 40

PYMNTS

DECEMBER 16, 2019

the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found. In the U.S.,

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

NOVEMBER 2, 2018

Separately, in what might be seen as a victory in the fight against payments fraud, a decryptor was developed by a collaboration between Bitdefender and enforcement agencies as far ranging as the Romanian police, the FBI and Europol. As noted via the U.K.’s

Ransomware 67

Ransomware Audit FBI Scams 67

PYMNTS

FEBRUARY 24, 2020

41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.

Business Email Compromise 65

Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

JULY 28, 2019

The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. “This virus has disabled some of our technology systems and our central office phone system. All available resources are being utilized to get the district systems back on line.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

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

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

JUNE 27, 2019

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. Lake City, a community of about 12,000 people west of Jacksonville, forked over hundreds of thousands of dollars after a ransomware attack crippled its systems. In March, for example. Jackson County, GA paid $400,000 from its $10.5

Ransomware 40

Ransomware FBI On-Demand Compromise 40