PYMNTS

JUNE 2, 2017

Symantec, a cybersecurity firm that specializes in research and cloud-based security, released new insights surrounding financial malware and ransomware in its latest Internet Security Threat Report (ISTR). times more widespread, compared to ransomware. times more widespread, compared to ransomware.

Ransomware

PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. In an interview with PYMNTS’ Karen Webster, Kevin Haley, director of Symantec Security Response, spoke to the many ways in which 2016 was a landmark year in cybercrime, where threat vectors point in the future and what’s being done to try and stop it. In the U.S.,

Ransomware

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. The survey also revealed other concerns regarding corporate cybersecurity measures. Data from the U.S.

Ransomware

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. In a survey of 1,700 managed service providers (MSPs) that work with a combined 100,000 SMBs, Datto found that 99 percent of respondents agree ransomware attacks will probably pick up this year and next.

Ransomware

PYMNTS

MAY 21, 2018

New research from the NTT Security 2018 Global Threat Intelligence Report, released last week by Dimension Data , found a sharp increase in ransomware attacks aimed at supply chains last year. But according to the report, the trade secrets and intellectual property that fill supply chains have emerged as key targets for ransomware attackers.

Ransomware

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.

FS-ISAC

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. million in losses. billion in reported losses.

Ransomware

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

FICO

NOVEMBER 30, 2016

In many ways I think 2016 was the year that analytics hit the mainstream. At cocktail parties and in coffee shops, 2016 has been the year that we data scientists suddenly felt a bit like – dare I say it? analytics 2016” returned 52.3 rock stars. million hits. million hits.

AI

PYMNTS

JUNE 23, 2017

Last month’s global ransomware attack WannaCry dominated real estate on every major tech website, including PYMNTS. In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up.

Ransomware

PYMNTS

MARCH 9, 2017

With mounds of data created on a daily basis and businesses looking to capitalize on that data, there’s a high probability of getting hacked by ill-intended parties or having a ransomware attack. CyberEdge Group’s latest Cyberthreat Defense Report shows over one-third of ransomware victims end up paying the ransom.

Ransomware

PYMNTS

OCTOBER 23, 2019

Firedome, a New York- and Tel Aviv-based cybersecurity startup, has raised $10 million in a Series A funding round with investment from Two Sigma Ventures, Silvertech Ventures and World Trade Ventures. . In just one year of study, from the year 2016 to 2017, there was a 600 percent increase in targeted attacks against IoT products.

Cybersecurity

PYMNTS

JULY 22, 2019

Last month, the city of Riviera Beach, Florida, was crippled by a ransomware attack that led to it paying a hefty sum to recover government systems. Ransomware attacks are on the rise within local and state governments, he added, leading to revived debate about how to handle such a scenario. . What’s the alternative?” .

Governance

PYMNTS

NOVEMBER 25, 2016

In this week’s Hacker Tracker , Ryan Stolte , cofounder and CTO at Bay Dynamics , joined PYMNTS to shed light on the growing cybersecurity concern of insider threats and how retailers are making big strides in keeping hackers locked out for good.

Cybersecurity

PYMNTS

AUGUST 10, 2017

predicted the number of cyber insurance policies will skyrocket from Chinese companies and in other parts of Asia due to the WannaCry ransomware attack that wrecked havoc on companies around the globe a few months ago. Around the globe, the increase in cybersecurity inquiries was 38 percent AIG said, reported Reuters.

Ransomware

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 s card-not-present fraud situation may get worse before it gets better. Money On The (Cybercriminal) Brain. Above all else, hackers are all about the money.

Phishing

PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district.

Bitcoin

PYMNTS

JUNE 4, 2018

Furthermore, AIG found that more than a quarter – 26 percent – of cyber claims in 2017 cited ransomware as the primary cause of loss, compared to only 16 percent between 2013 and 2016. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Data Breach

PYMNTS

AUGUST 9, 2019

The government reportedly temporarily shut down the platform in the wake of the cyberattack upon advice from cybersecurity experts. ransomware attacks have recently hit two Florida city government systems, followed by an attack on an Indiana city. The case has also been reported to the Indian Computer Emergency Response Team (CERT-In).

Ransomware

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. What cybersecurity threats will impact corporate buyers and suppliers in 2017? In addition, the battlefield is evolving. Simply put: Crooks love checks.

Checks

PYMNTS

MAY 20, 2016

It wouldn’t be the end of the business week in the payments industry if there weren’t another batch of news items relating to cybersecurity, data breaches and hackers. That, and much more in today’s Daily Data Dive 5-in-1: Ransomware Creator Calls It Quits. $1

Breach

PYMNTS

JULY 7, 2017

Similarly, Android recently came under attack again with the CopyCat ransomware sneaking into people’s devices. The malware campaign stretched across April and May of 2016 and had as its breeding ground third-party app stores, among other conduits, skirting Google Play. 2 percent | Loss of sales for Reckitt Benckiser Group Plc.

Ransomware

PYMNTS

SEPTEMBER 11, 2018

In fact, there were 1,000 cyberattacks on aviation systems every month during 2016, according to the European Aviation Safety Agency. Last year, LATAM Airlines and Ukraine’s Boryspil International Airport were both hit by ransomware.

Research

Finovate

JUNE 10, 2024

Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding. In a round led by CIBC Innovation Banking, Texas-based cybersecurity company SpyCloud has secured $35 million in growth funding. Founded in 2016, SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York.

Account Takeovers

FICO

MAY 19, 2016

We recently announced a new domain that will benefit from our scoring expertise: cybersecurity, teaming with iboss Cybersecurity. Quickly detecting malware and ransomware. This includes attacks that mask communication using TOR software, such as the Zeus64 malware trojan and Locky ransomware. How scoring works.

Data Breach

PYMNTS

JANUARY 13, 2017

The end of 2016 saw a spike in ATM jackpotting attacks, which involved hackers using a computer malware to infect ATM machines and force them to distribute significant quantities of cash. Ransomware is not going away in 2017; it’s very much here to stay,” he added. When Bigger Is Better.

ATM

PYMNTS

MARCH 6, 2018

Ransomware attacks stood at 184 million last year, down markedly from the 638 million seen in 2016. That slip comes even as ransomware dominated the news reports (remember WannaCry ?). But ransomware variants, SonicWall reported, were up just over 101 percent.

Ransomware

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. Of course, for retailers, combating fraud is complicated that just beefing up cybersecurity protections. Ransomware, Cyberespionage On The Rise.

Breach

PYMNTS

JUNE 12, 2017

In one case from 2016, the SEC charged a U.K. The SEC has stepped up cybersecurity on the heels of the high-profile WannaCry ransomware attacks from a few weeks ago that impacted computer systems around the globe. The SEC is now gathering statistics on cybercrimes as a result so that it can better pinpoint market-wide issues.

Ransomware

PYMNTS

MARCH 6, 2017

In 2016, there were 1,093 data breaches according to the Identity Theft Resource Center – a 40% increase over the 2015 data breach number of 781. organizations experienced at least one malware-related incident over the previous 12 months, with 58% acknowledging occasional or frequent malware threats.

Data Breach

PYMNTS

JULY 26, 2017

While commercial loan growth remained strong in 2016, it is still slower than 2015 levels, the report found, increasing by 2.1 percent in the first half of 2016 but then slowing toward the end. PYMNTS outlines some of those key trends found in the OCC report below. Shifts in Lending Practices. Amid these fluctuations, the U.S.

OCC

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. These types of attacks made up more than 55 percent of total data breaches in 2016.

Data Security

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want.

Phishing

PYMNTS

JUNE 30, 2017

In September 2016, the botnet attacked computer security journalist Brian Krebs’s website by hitting it with as many as 665 gigabits of traffic per second — nearly twice the size of the largest attack engineers had previously seen — but Akamai engineers were able to fend off the attack. Legacy antivirus has been missing malware for a while.

Security

PYMNTS

JANUARY 31, 2017

Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. According to The New York Times , the latest hacking scandal comes from an Austrian hotel, Romantik Seehotel Jaegerwirt, where over 180 guests were locked out of their rooms.

Ransomware

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities.

SWIFT

CB Insights

JANUARY 4, 2018

While cyber direct premiums written hit just $1.34B in 2016, it’s estimated that cyber coverage could increase to $7.5B Insurance Australia Group previously invested in cybersecurity threat rating startup UpGuard. to as much as $20B by 2020. What insurers are saying about cyber insurance.

Underwriting