VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

AUGUST 18, 2020

The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two years. “We

Blockchain 56

Blockchain Bitcoin Money Laundering Digital Currency 56

PYMNTS

JULY 7, 2017

On June 27, the hostile software — dubbed “NotPetya” after initial reports misidentified it as the ransomware Petya — crippled organizations in more than 60 countries and in every possible vertical, from banks and shipping providers in the Ukraine to U.S. No, the term “ransomware” wouldn’t do justice to this threat.

Ransomware 44

Ransomware Cybersecurity Encryption Procedures 44

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service.

Bitcoin 80

Bitcoin Cryptocurrency OFAC Treasury 80

PYMNTS

JUNE 21, 2017

Businesses managing ICS environments need to put the necessary policies, procedures, technology and training in place immediately to properly manage these risks before they have an opportunity to damage the business.”. The misunderstanding comes when prioritizing what risks they are facing.

Ransomware 49

Ransomware Procedures Security Compromise 49

The Fintech Times

APRIL 22, 2024

Despite company efforts, lax PIN hygiene and open apps on stolen devices pose serious threats, including account takeover and ransomware attacks. In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

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

EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Continuously create and update procedures Staying up to date on cyber security and ever-evolving threats is just one piece of the puzzle. Threat actors employ various methods and techniques to execute data breaches.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

JULY 14, 2017

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless.

Data Breach 47

Data Breach Breach FBI Ransomware 47

FICO

JANUARY 30, 2019

Deploying ransomware globally, leveraging the anonymity and ubiquity in blockchains, and producing high-quality counterfeit IDs are just some of the ways criminals are adapting. In 2019, criminals are pioneering new ways to leverage technologies for their illegal activities. The journey of compliance started with the basics.

AML 45

AML Money Laundering Financial Crimes Compliance 45

Nanonets

DECEMBER 22, 2023

This also helps provide a forcing function to iteratively review standardized documentation like employee handbooks and standard operating procedures (SOP), ultimately improving your operational processes. As we face increased threats of hacking and ransomware holding your sensitive information hostage, coherent security is paramount.

Best Practices 52

Best Practices Risk Security Compliance 52

The Fintech Times

JANUARY 19, 2024

Only this year a number of high profile businesses were hit with large ransomware attacks, rendering them offline for days or weeks, so it begs the question, could your business afford to be attacked, and if not – what are you doing about it?

Technology 59

Technology Innovation FinTech Product 59

PYMNTS

AUGUST 22, 2016

The Wall Street Journal article last week about the rise of ransomware attacks, thanks to bitcoin, is just the latest example of the cryptocurrency’s near-perfect utility for committing cybercrime. Bitcoin is being credited for the rise in the rate of ransomware attacks , which have quadrupled this year.

Checks 41

Checks CFPB Bitcoin Payments 41