PYMNTS

OCTOBER 18, 2016

Cybersecurity breaches could result in U.K. law and then move slowly to repeal it, which means the new cybersecurity rules, and thus fines, will be on the books after the Brexit. The report noted that cybersecurity is a huge issue for businesses operating in the U.K. billion in 2015 to £122 billion.

Cybersecurity

PYMNTS

MAY 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. Asacub first appeared in 2015,” the company said. The company found 29,841 files of the malware in Q1 of 2019, which is up from 18,501 in Q4.

Mobile Banking

PYMNTS

NOVEMBER 24, 2016

What’s more, in 2015 there were a reported 1,673 breaches and 707 million exposed records. With that in mind, the Internet Society said it is urging companies to change their stance on cybersecurity and follow some key recommendations.

Cybersecurity

PYMNTS

DECEMBER 3, 2018

In 2015, the Wall Street Journal reported Marriott had a smaller breach in which malware was installed on point of sale systems in hotel restaurants and gift shops. That was announced four days after Marriott announced it was buying Starwood Hotels & Resorts, noted the paper.

Breach

CB Insights

AUGUST 23, 2017

Given the rising quantity and severity of cyber attacks, cybersecurity continues to be one of the hottest tech sectors in recent history. As companies and governments look to better secure their networks, data, and devices, investors have been making more deals to private cybersecurity companies than ever before. in Q2’17.

Cybersecurity

CB Insights

AUGUST 29, 2016

Cybersecurity funding activity has seen dramatic growth over the last four and a half years, peaking in 2015 before leveling off slightly in the first half of this year, amid investor worries that the space is over-funded. We used CB Insights data to … Continued.

Cybersecurity

Fintech News

JUNE 3, 2024

Despite its rapid growth, the APAC region remains the second smallest cyber insurance market globally, S&P Global says, a statement that aligns with findings of a Moody’s survey which revealed strong cybersecurity oversight among APAC players compared to global counterparts. trillion annually by 2025.

Ransomware

PYMNTS

APRIL 13, 2016

While the data shows that there were 429 million total reported identities exposed in 2015, a 23 percent increase from the year prior, Symantec explained that the number is likely much higher because companies are still withholding information about how much damage data breaches result in. According to Wired U.K. , million total.

Ransomware

PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. Last year in particular was huge for cybersecurity; in December a forecast from Gartner said worldwide spending on cybersecurity in 2015 was expected to reach $75.4

Cybersecurity

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. Black Hat has conducted this survey annually since 2015, with the most recent survey being conducted in May of 2018.

Cybersecurity

PYMNTS

OCTOBER 19, 2017

Cybersecurity software-as-a-service (SaaS) startup Duo Security landed $70 million in fresh venture capital funding, according to news from TechCrunch this week, making the firm the latest unicorn in the market. Cybersecurity is the biggest geopolitical issue of our time,” the SaaS startup’s CEO Dug Song said, according to TechCrunch.

Cybersecurity

PYMNTS

AUGUST 25, 2017

Researchers at PricewaterhouseCoopers predicted in 2015 that the market would hit $7.5 of British Insurers, which found that three-quarters of SMBs have experienced some type of cybersecurity breach in the last year. Last year, members of Congress heard testimony from experts outlining SMBs’ cybersecurity risks.

Cybersecurity

PYMNTS

SEPTEMBER 19, 2016

More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls. Food and Drug Administration announced new guidelines that encouraged medical device manufacturers to up the cybersecurity of their products.

Data Breach

CB Insights

FEBRUARY 27, 2019

As data concerns pile up, healthcare organizations can’t afford to ignore the importance of cybersecurity. Recent years have seen some of the largest healthcare data breaches on record, with deliberate cyber attacks affecting more than 110M patients in 2015, according to the US Department of Health and Human Services.

Cybersecurity

CB Insights

FEBRUARY 14, 2017

Equity funding and deals to private medical device companies ticked up in 2016 following a downturn in 2015. Meanwhile, concerns over medical device cybersecurity risks continued to make headlines in the second half of the year, bringing increased uncertainty to … Continued.

Cybersecurity

CB Insights

AUGUST 1, 2016

Cybersecurity startups are coming off record levels of funding in 2015, but have seen a slowdown in the first half of this year. There are nine private cybersecurity companies in the CB Insights database that are valued at $1B or more, and … Continued.

Cybersecurity

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 In the “2015 Internet Crime Report,” Randall C. million in losses.

Ransomware

PYMNTS

SEPTEMBER 8, 2016

7) that it reached an agreement with TPG to create a newly formed, jointly owned, independent cybersecurity company that will be named McAfee. Intel said the new company will be one of the world’s largest pure-play cybersecurity companies. Intel announced on Wednesday (Sept. The business is valued at around $4.2 TPG is making a $1.1

Cybersecurity

PYMNTS

APRIL 3, 2019

Founded in 2015, Aqua enables companies to secure their container-based and cloud-native applications, from development to production. We look forward to Aqua joining the Insight portfolio, and seeing their continued growth.”.

Cybersecurity

PYMNTS

OCTOBER 18, 2016

The decision to impose the penalties is an attempt to manage the overwhelming cybersecurity problem affecting businesses in the U.K. firms to immediately initiate security standards and procedures to protect against cybersecurity threats. business could collectively face in 2018 for cybersecurity breaches. £18 King advises U.K.

Breach

CB Insights

DECEMBER 2, 2020

Fintech Smart Money VCs are showing a strong interest in the digital ID space — a narrow area at the intersection of cybersecurity, regulatory technology (regtech), and fintech. Of the 25 CB Insights Fintech Smart Money VCs , 15 have placed bets in the digital ID tech space since 2015.

Technology

PYMNTS

FEBRUARY 2, 2017

And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. With several types of fraud threatening the business today, spending on cybersecurity measures is spiking — big time.

Security

CB Insights

SEPTEMBER 8, 2016

Smart money VCs are on pace to participate in fewer cybersecurity deals through the end of this year, compared to 2015. This year, through Q2’16, the top two dozen smart money VCs participated in nearly 30 cybersecurity funding rounds — … Continued.

Cybersecurity

PYMNTS

OCTOBER 21, 2019

The issue first came to light in 2015 when an article in Wired showed researchers hacking a Jeep Cherokee SUV while it was driving. The digital bank is led by entrepreneurs Marius Nacht of cybersecurity company Check Point Software Technologies, and Amnon Shashua of autonomous driving developer Mobileye NV.

Cybersecurity

PYMNTS

DECEMBER 8, 2016

“After $100M+ checks flowed freely to VC-backed companies through much of 2015, the mega-round trend has settled into a lower range through 2016,” concluded KPMG and CB Insights in their Q3 2016 venture capital report. For instance, blockchain, cybersecurity and digital payments are all top targets for investors, the report found.

B2B

PYMNTS

DECEMBER 5, 2018

When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode. According to Simkins, organizations must deploy the right cybersecurity products and strategies to identify the highest-risk vendors first, and work from there. But the cyber risk is new.”

Risk Mitigation

CB Insights

FEBRUARY 14, 2019

Avant , one of the earliest to reach a $1B valuation in 2015, is primarily a personal lending startup. Cybersecurity. Cybersecurity. Cybersecurity. Butterfly Network has built a portable, hand-held ultrasound machine for less than $2K. Computer vision will be integrated within the hardware to help to interpret the images.

AI

PYMNTS

OCTOBER 31, 2016

2015 when the ex-employee downloaded a large number of files onto two thumb drives. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies. The incident occurred in Nov. The employee then retired from the agency.

Office of the Comptroller of the Currency

PYMNTS

FEBRUARY 28, 2019

According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. One of the largest security challenges of an acquisition stems from the risk exposure an acquiring company faces if it has not fully assessed the cybersecurity strength of its acquisition target. ” Business Partners At Risk.

Risk

The Fintech Times

JULY 20, 2024

Problems caused by another ‘glitch’ in a content update for devices running Microsoft Windows, originating from a cybersecurity service provider Crowdstrike. This involves re-engineering the architecture towards modular, microservices-based frameworks, enhancing interoperability, and investing in robust cybersecurity.

Payments

PYMNTS

OCTOBER 3, 2016

In 2014, the SEC considered strengthening the disclosure rules on cybersecurity and did impose new requirements but only for broker dealers and investment advisers, not public companies. To avoid this problem, in 2015, Congress expanded liability protections for companies that do disclose hacks.

Breach

CB Insights

NOVEMBER 7, 2017

Delphi was an early mover with its August 2015 purchase of Carnegie Mellon spinout Ottomatika ; nuTonomy will join that acquisition under Delphi’s new Aptiv brand for AV technology. Connected vehicle cybersecurity: As connected vehicles have proliferated, so have firms focused on securing them.

Cybersecurity

FICO

OCTOBER 12, 2016

Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015. jumped 174% from January-April 2014 to January-April 2015, while successful attacks at nonbank machines increased by 317%, as reported in the Wall Street Journal. What can banks do to protect their ATM machines?

ATM

PYMNTS

JUNE 27, 2017

Wealthy countries with developed financial and payment infrastructures are most likely to have their data encrypted and held for ransom by cybercriminals, according to a recent report by global cybersecurity company Kaspersky Lab. That’s up 19 percent from 2015-16, when Germany was the No. following closely in terms of risk.

Ransomware

CB Insights

FEBRUARY 23, 2017

Jude Medical’s implantable cardiac monitor, cybersecurity and … Continued. The medical device industry has pulled in over $3B in private funding every year since 2012. However, in light of Theranos’ ongoing legal battles and and issues surrounding the data vulnerability of St.

Cybersecurity

PYMNTS

NOVEMBER 18, 2016

billion in FinTech VC funding in the quarter, down 17 percent compared to the previous quarter — a stark decline from the $5 billion-plus quarterly investment values seen in quarters in 2015. Cybersecurity. Their “ Pulse of Fintech “ report found $2.4 The company revealed late last week that it raised $30.5

B2B

Fintech Labs Insights

OCTOBER 13, 2015

FinDEVr 2015, construyendo el futuro de la tecnología financiera (in Spanish). to help banks, credit unions with cybersecurity solution. FinDEVr 2015 San Francisco Day 1. Let’s Talk Payments at FinDEVr 2015: Day Two Highlights. The post A View From Backstage at FinDEVr San Francisco 2015 appeared first on Finovate.

Credit Union