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

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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 victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says.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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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PYMNTS

JULY 31, 2020

“RagnarLocker is a simple ransomware, much like others that exist in the criminal market. “Time will tell if RagnarLocker becomes a serious threat or disappears against a backdrop of other ransomware with more resources. .” Reuters said the hackers used software called RagnarLocker. The code is medium in quality.”

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PYMNTS

OCTOBER 19, 2020

Treasury Office of Terrorism and Financial Intelligence issued an alert about the surge in ransomware attacks. Ransomware attacks jumped 37 percent last year, with losses up 46 percent, according to FBI statistics. Earlier this month the U.S.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.,

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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.

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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.

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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

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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.

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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?

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PYMNTS

JANUARY 12, 2017

While ransomware continues to be a go-to tactic for hackers for extorting and manipulating victims out of money, not everyone impacted is willing to just pay up. E-Sports Entertainment Association, which hosts competitive video game tournaments, was recently hit by a ransomware attack but refused to pay the $100,000 demanded of it.

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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.

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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

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PYMNTS

MAY 13, 2019

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. The data represents one of the first efforts by the cybersecurity industry to analyze such attacks, as the FBI and federal government authorities do not track local-level government incidents.

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PYMNTS

MARCH 17, 2017

It seems as though the trend of ransomware attacks isn’t disappearing any time soon. The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. Cyber Ransoms (Still) On The Rise.

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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.

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