PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

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PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. However, those numbers don’t show the accurate number of damage, and the longer-term consequences of the ransomware actions are more devastating. .

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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.

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PYMNTS

AUGUST 21, 2018

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. “These attackers target brands and consumers on the open web with tactics like phishing, spinning up malicious mobile apps, hacking third-party suppliers and directly compromising websites.”

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Ransomware Phishing Compromise Credit Cards 53

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. KnowBe4’s tool, called Phishing Reply Tracking, tests if users will interact with hackers on the other end of a phishing email.

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Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

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PYMNTS

OCTOBER 9, 2020

We have seen phishing attacks surge since the pandemic started,” Reichel said. Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Ransomware And Malware.

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The Paypers

JUNE 2, 2016

(The Paypers) According to a report released today by PhishMe , 93% of phishing emails have contained encryption ransomware.

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Ransomware Phishing Encryption 28

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.

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VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

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PYMNTS

OCTOBER 5, 2020

Microsoft said that the most typical reason for its “incident response engagements” from October of last year to July of this year was ransomware. 140 is the minimum number of victim entities that the Sodinokibi variety of ransomware has claimed as of the time it came to the surface in April of last year, ZDNet reported.

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PYMNTS

MAY 1, 2018

The company is introducing added features to protect SMBs against phishing and ransomware. Enterprise software suite Microsoft 365 Business is adding enhanced cybersecurity solutions for small business (SMB) users, Microsoft announced ON Monday (April 30).

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PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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Ransomware End User Crime Authentication 62

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).

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Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

DECEMBER 28, 2020

In addition, cybercriminals, including ransomware operators, will continue to exploit the COVID-19 pandemic alongside legitimate efforts to develop, distribute, and administer vaccines,” according to the agency. There have already been ransomware attacks aimed at medical research facilities working on vaccinations.

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PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. 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.

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Payments Source

MAY 9, 2019

Today: PayPal's high on phishing list; San Francisco outlaws no-cash stores; Facebook changes crypto ad policy; Ransomware hits Baltimore. The information you need to start your day, from PaymentsSource and around the Web.

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Ransomware Phishing PayPal 69

PYMNTS

AUGUST 24, 2020

A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Analysts pointed to several high-profile ransomware cases that hit large enterprises, including Cannon and Garmin, as a contributor to the higher payout values. 389 percent more BEC scams hit U.S.

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PYMNTS

OCTOBER 12, 2020

The target was systems linked to the dissemination of Trickbot, a botnet that has been used by some sophisticated players since late 2016 to deploy ransomware , especially in attacks on financial institutions (FIs). Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct.

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The Paypers

AUGUST 10, 2017

(The Paypers) A new survey on threat landscape conducted by SANS Institute has revealed that security professionals rated phishing (72%), spyware (50%) and ransomware (49%) and Tojans (47%) as top threats.

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PYMNTS

JUNE 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

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Payments Source

SEPTEMBER 20, 2020

Netwalker attacks are known to target victims using phishing emails disguised as COVID-19 updates from their organization, taking advantage of the heightened fears and anxieties that come with the current pandemic, says Stealthbits Technologies' Dan Piazza.

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PYMNTS

JUNE 4, 2020

universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.

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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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Ransomware Phishing Email Compromise Online and Mobile Banking 44

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. This could include staff falling victim to phishing scams or maliciously exploiting their access privileges. For banks, a successful cyber-attack can bring about monumental financial losses.

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Risk Cybersecurity Data Breach Ransomware 59

The Fintech Times

AUGUST 14, 2024

Meanwhile, ransomware (63 per cent) and phishing/social engineering attacks (61 per cent) also continue to be methods used by criminals. Interestingly, deepfakes were not the most prevalent concern but tied for third place with phishing, with 61 per cent.

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PYMNTS

JANUARY 27, 2020

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. In Q4 2019, 104 percent more ransomware payouts were made than in Q3 , with the average payment during Q4 hitting $84,116, according to Coveware’s Q4 Ransomware Marketplace Report.

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Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

SEPTEMBER 8, 2020

949 gigabytes of confidential data have been accessed by ransomware attackers targeting IT distributor Ma Labs , reports in CRN said, an attack that has stalled the company's operations and left its customers in limbo. million per targeted attack.

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Business Email Compromise Ransomware Payee Overlay Service 69

PYMNTS

DECEMBER 16, 2019

Recent reports in The Seattle Times warned that during the holidays, scammers are increasingly targeting small businesses with phishing email attacks pretending to be an executive or boss, requesting that an employee procure gift cards. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found.

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PYMNTS

JANUARY 14, 2019

Today’s coverage includes the latest move by Amazon to attract more consumers in India, and the latest on a global ransomware attack. in Ryuk Ransomware Attack. A team of cybersecurity firms has tracked the ransomware, which uses email phishing to inject a Trojan dubbed TrickBot into thousands of computers.

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Ransomware Federal Reserve Cash Management Settlement 54

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.

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Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack and the 2014 attack on Sony Pictures Entertainment. Writ large, the attack and entré into the Bangladesh Bank two years ago took place by sending phishing emails to employees of the bank and — upon snaring some unwitting victims — gaining access to SWIFT. The Methods.

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PYMNTS

FEBRUARY 24, 2020

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Tax season is upon U.S. small businesses, and fraudsters are taking advantage.

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Business Email Compromise Scams Email Compromise Phishing 65

PYMNTS

SEPTEMBER 9, 2020

Bitdefender also said worldwide ransomware reports have surged by 715.08 The cybersecurity firm said a rise in malware, phishing and scams throughout every platform and attack vector appears to have been directly brought about by online criminals harnessing pandemic-related issues to take advantage of misinformation and worry.

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Ransomware Phishing Cybersecurity Scams 52

PYMNTS

DECEMBER 22, 2016

Data security company Imperva, reports said, found that phishing attacks are more likely to be successful when a person opens an email at work (with 35 percent of phishing emails sent between 9 a.m. All of this data has flowed in as IBM Security reports another reason to be concerned about U.S. companies’ cybersecurity measures.

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EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Thankfully, employee training and education can prevent most phishing attempts.

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