PYMNTS

MARCH 9, 2017

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack.

Ransomware 60

Ransomware Cybersecurity Compromise Breach 60

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. .

Ransomware 52

Ransomware Cybersecurity Phishing Audit 52

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 42

Ransomware Research Accounts Government 42

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. only accounted for six percent of financial malware detections in 2016.

Ransomware 46

Ransomware Online and Mobile Banking Cybersecurity Authentication 46

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 93

FS-ISAC Ransomware Phishing Legal 93

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 41

Ransomware FBI Crime Security 41

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 40

Ransomware FBI Shutdown Bitcoin 40

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.

Ransomware 43

Ransomware Bitcoin FBI Encryption 43

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. But the folks behind SamSam have decided to think bigger and are asking for far more. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

PYMNTS

AUGUST 18, 2016

IT security company Check Point released its in-depth research on the growing threat of Ransomware-as-a-Service (RaaS). In July 2016 alone, the overall profit earned by Cerber RaaS campaigns totaled $195,000, with the malware developer earning roughly $78,000. It’s estimated that ransomware authors earn $946,000 annually.

Ransomware 40

Ransomware Crime FBI Bitcoin 40

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 40

Ransomware Cybersecurity Security 40

PYMNTS

JULY 20, 2016

According to AppRiver’s second quarter Global Security Report , between April 1, 2016 and June 30, 2016 the security firm recorded 4.2 The culprit for the reduced malware: the Necurs botnet , which up until June had been driving the “massive distribution of both Locky ransomware and the Dridex trojan.” billion spam emails.

Ransomware 41

Ransomware Phishing Credential Encryption 41

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 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

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 108

AI Compromise Risk Assessment Assessments 108

PYMNTS

NOVEMBER 7, 2016

Their predictions for 2016 turned out to be accurate, so it’s best to pay attention. Further, expect ransomware to catch up to distributed-denial-of-service (DDoS) attacks in prevalence. DDoS and ransomware will also be used to attack cloud-based data centers.

Cybersecurity 81

Cybersecurity Ransomware Law Enforcement Security 81

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 58

Governance Government Ransomware Compromise 58

PYMNTS

JANUARY 30, 2020

Biner-Hauser explained that Zermatt’s plan to accept bitcoin grew from evaluating another Swiss municipality, the canton of Zug, also known as “crypto valley,” which began accepting bitcoin in 2016. Bitcoin has also been a crucial part of the recent increase in ransomware cyberattacks.

Bitcoin 61

Bitcoin Ransomware Money Laundering Cryptocurrency 61

PYMNTS

AUGUST 5, 2019

To that end, the Financial Crimes Enforcement Network (FinCEN), part of the US Department of the Treasury, has estimated that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. The ransomware came through an invoice delivered through BEC.

Business Email Compromise 43

Business Email Compromise Fincen Scams Email Compromise 43

PYMNTS

OCTOBER 21, 2016

Governments Say ‘No More’ To Ransomware. The company announced that law enforcement agencies from 13 more countries have signed up to fight ransomware, including Bosnia and Herzegovina, Bulgaria, Colombia, France, Hungary, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Switzerland and the U.K.

Law Enforcement 67

Law Enforcement Ransomware Credit Cards Compromise 67

The Paypers

JANUARY 12, 2017

(The Paypers) Radware ’s Global Application and Network Security Report 2016-2017 has revealed that 49% of businesses confirmed being the subject of a cyber-ransom campaign in 2016.

Ransomware 28

Ransomware Security 28

PYMNTS

JANUARY 20, 2017

The biggest challenge in combating cyber ransom, Radware’s Global Application & Network Security Report 2016-2017 report noted, is that ransom is not only easy, but also every attack has its own vector, technique or angle. Gmail Users Get Fooled.

Phishing 45

Phishing Ransomware EMV CHIPS 45

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 65

Ransomware Cybersecurity Central Bank Risk 65

PYMNTS

NOVEMBER 2, 2018

The decryptor, which stems from that joint effort and is offered for free, looks to battle GandCrab, a ransomware that has been able to defraud victims of more than $500 million this year alone. As noted via the U.K.’s The audit covered the period of July 1, 2014 to Dec.

Ransomware 67

Ransomware Audit FBI Scams 67

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 43

Data Breach Ransomware Breach Cybersecurity 43

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 74

Research Data Breach Breach Credit Cards 74

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. Financial losses from the ransomware cyberattacks increased from HK$45 million to HK$2.3

Ransomware 49

Ransomware Cybersecurity On-Demand Security 49

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 43

Ransomware Volume Encryption Security 43

PYMNTS

MAY 22, 2017

companies are turning to their insurance policies that cover things like ransom and extortion to get back losses from the WannaCry ransomware attack that caused headaches around the globe a little over a week ago. Reuters, citing Symantec, reported more than 460,000 ransomware attempts in 2016, up 36 percent from 2015.

Ransomware 40

Ransomware Underwriting On-Demand Payments 40

PYMNTS

DECEMBER 6, 2016

CEO fraud is considered to be one of the fastest-growing social engineering schemes being used by cybercriminals and is expected to cost the economy over $3 billion in 2016, which far outweighs the $1 billion in expected costs associated with ransomware.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack and the 2014 attack on Sony Pictures Entertainment. Technical similarities” also connect the malware used in attacks against SPE, Bangladesh Bank, other FIs, defense contractors (among other actual and intended victims) and the WannaCry ransomware. correspondent banks,” said the complaint.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

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. Authorities in Los Angeles are now investigating the ransomware attack. In 2016, some 19 academic institutions disclosed data security breaches.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

APRIL 18, 2016

Happy Monday, and happy Tax Day 2016. Ransomware Attacks Up. $1 1 Billion | The FBI projects that ransomware market will be a $1 billion a year criminal industry in 2016. In fact, in the first three months of 2016 alone, cybercriminals have collected $209 million using this tactic. So what does that entail?

IRS 40

IRS Cross-Border Payments Cross-Border Ransomware 40

PYMNTS

MAY 20, 2016

This week’s news flow included a story about a ransomware group who turned over the key, updates on LinkedIn’s massive data breach, a bitcoin-loving vigilante hacker, and a fast food chain that thinks it may have been breached. That, and much more in today’s Daily Data Dive 5-in-1: Ransomware Creator Calls It Quits. $1

Breach 42

Breach Data Breach Ransomware Bitcoin 42

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. The fraud growth rate has slowed down from the gangbusters surge we saw in 2015, but consumers and issuers still need to pay attention. The number of POS device and ATM compromises rose 21 percent in the same period.

Compromise 74

Compromise ATM Continuity Card Issuer 74

PYMNTS

AUGUST 9, 2019

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). Details on the exact nature of the cyberattack were unavailable. Government systems are increasingly being targeted by cyberattacks.

Ransomware 43

Ransomware Cybersecurity Governance Government 43

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.

Ransomware 52

Ransomware Cybersecurity Origination Cryptocurrency 52

PYMNTS

JUNE 2, 2017

times more widespread than high-profile ransomware attacks like WannaCry. On the other end of the spectrum, Japan was the most infected, with 37 percent of 2016 detections. Experts say the idea of robo-banking just needs to be socialized and better understood. million | Financial malware detections annually, making financial threats 2.5

Bots 40

Bots Ransomware Breach Security 40