PYMNTS

FEBRUARY 10, 2020

have plummeted in recent years, and ransomware cyberattacks have skyrocketed. Data Shows 41 Pct Hike In Ransomware Attacks In 2019. Ransomware cyberattacks are up 41 percent from last year, taking down computer networks across businesses, hospital and governments. In today’s top news, Chinese tech investments in the U.S.

Ransomware

PYMNTS

APRIL 28, 2017

Ransomware incidents have risen 50 percent over the last year according to Verizon, who just recently released the 2017 edition of their Data Breach Investigations Report detailing the latest trends and information on cybersecurity threats. Here are some of the key data points.

Ransomware

PYMNTS

JUNE 4, 2018

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya , AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. It is unusual for ransomware to have network worm capabilities,” Douthwaite has said.

Data Breach

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

OCTOBER 15, 2018

In 2017, 66,000 online banking malware attacks targeted small businesses , SCORE said, explaining that this type of malware, once unleashed on a computer, is able to obtain online banking login credentials and credit card information when a user logs into their account. . 133,000: the average cost of a ransomware attack on a small business.

Ransomware

PYMNTS

JUNE 29, 2020

As of March 2017, the Justice Department said there were 10,901 registered members of the group which perpetrated $2.2 In fact, they are malware seeking to steal peoples’ information, the survey said.

Ransomware

PYMNTS

APRIL 2, 2020

In the same study conducted in 2017, only 40 percent of companies reported cases of malfeasance. Automated attacks such as ransomware, business email compromise, and system-level takeover fraud, outpaced high-touch attack methods such as check fraud, the survey said.

Small Business

Fintech News

APRIL 24, 2024

Further allegations include the platform’s involvement in distributing child sexual abuse materials and receiving significant ransomware payments. Zhao, who launched Binance in 2017, remains on a US$175 million bond and has agreed not to appeal any sentence falling within federal guidelines. billion criminal fine and US$2.51

Money Laundering

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. Hackers Make $3.7M

Ransomware

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

PYMNTS

MARCH 4, 2019

In other news, PricewaterhouseCoopers (PwC) has released a special bulletin connecting Iranian nationals and the notorious SamSam ransomware with crypto exchange WEX (formerly BTC-e). In fact, the exchange was responsible for cashing out 95 percent of all ransomware payments from 2014 to 2017, with $1.9

Bitcoin

PYMNTS

JUNE 25, 2020

million such attacks aimed at APIs between December 2017 and November 2019. There were also nine times more ransomware attacks within the same time frame. This fear of cybercrime comes at a time when banks are exploring open banking systems en masse, which is only exacerbating security concerns.

Financial Crimes

PYMNTS

MARCH 6, 2018

billion malware attacks in 2017, up 18.4 And in addition, the firm found more than 12,500 new common vulnerabilities and exposures in 2017. 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 ?).

Ransomware

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.

Ransomware

PYMNTS

FEBRUARY 12, 2020

By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400. The size and scope of the problem has been steadily rising since FBI’s 2017 Internet Crime Report. There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.

Business Email Compromise

PYMNTS

DECEMBER 1, 2020

The high price point beat its previous record high, set in 2017, CNBC reported. Additionally, the tactics used in 2020 will still be in play next year, Kaspersky reported, highlighting targeted ransomware as “the new normal.”. Bitcoin saw a new all-time record high on Monday (Nov. Eastern Time.

Bitcoin

PYMNTS

JULY 28, 2019

Last year, hackers managed to break into Baltimore’s dispatch system that supports emergency calls, which came a week after Atlanta experienced a “ransomware” attack that impacted some city services, such as bill collections and airport Wi-Fi. A financial demand was made to restore everything back to normal.

Law Enforcement

PYMNTS

MARCH 5, 2019

million in 2017 to 116.5 The most common attack comes from Trojan-Droppers, which are designed to get past security and then implement malicious files like ransomware or banking trojans. million in 2018, according to a press release from the company. This type of malware went from 8.6 percent observed to 17 percent in one year. “In

Ransomware

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

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

PYMNTS

DECEMBER 30, 2016

But, Vigue added, 2017 will be a year of continued innovation in the technology that can prevent, detect and mitigate a corporate cyberattack. What cybersecurity threats will impact corporate buyers and suppliers in 2017? The environment has truly evolved into an equal opportunity hunting expedition for fraudsters.”.

Checks

PYMNTS

APRIL 30, 2018

With a threefold increase in the number of corporates who had been hit by a ransomware attack in the last year compared to a year prior, corporate treasurers have been forced to swallow the large, uncomfortable pill of the threat of cyberattacks and fraud on their organizations in a short amount of time. “There is a lot more to be done.”

Email Compromise

PYMNTS

MAY 13, 2019

The city of Baltimore fell victim to a ransomware attack last week , as researchers began to dive into the risks of local-level government systems. So far this year, there have been 22 known attacks on local government systems, with the most recent the ransomware attack on Baltimore last week that forced a network quarantine.

Cross-Border

PYMNTS

SEPTEMBER 17, 2018

Park, said the complaint, was part of a hacker group backed by the North Korean government (where operations were conducted in part through Chosun Expo Joint Venture, a state-owned entity), and the charges unsealed by the United States tied him to other attacks, including headline-grabbing 2017 WannaCry 2.0

SWIFT

PYMNTS

JUNE 21, 2017

Kaspersky Lab and Business Advantage conducted a security survey of 359 industrial cyber security practitioners from 21 countries from February to April 2017. According to the research, while there is a lot of awareness about ransomware and targeted attacks, the biggest pain still comes from conventional malware, the security company said.

Ransomware

PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. Meanwhile, money laundering represented $2.8 billion sent to currency exchanges from criminal entities.

Bitcoin

PYMNTS

SEPTEMBER 14, 2017

Its “ 2017 Midyear Security Roundup: The Cost of Compromise ” report found that nearly 42 percent of BEC cyberattacks occurred because the CEO fell for the eInvoice scam. Trend Micro pointed to the WannaCry and Petya ransomware cyberattacks this year, for example, that led to total losses of up to $4 billion at companies across the world.

Scams

PYMNTS

AUGUST 17, 2017

June’s ransomware attack, which was dispersed using Ukrainian accounting software, will no doubt be the lynchpin that provides losses to Maersk’s next quarter results. “In the last week of the quarter, we were hit by a cyberattack, which mainly impacted Maersk Line, APM Terminals and Damco,” said Skou. billion up to $9.6 percent bump.

Ransomware

Finovate

JUNE 10, 2024

SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York. SpyCloud leverages this data to provide companies with actionable insights to enable them to blunt fraud losses, stop ransomware attacks, and fully investigate cybercrime incidents as they occur.

Account Takeovers

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

PYMNTS

FEBRUARY 24, 2017

Cisco’s 2017 Annual Cybersecurity Report (ACR) report revealed companies that suffer a data breach are expected to have customer, opportunity and revenue losses exceeding 20 percent. Cybercriminals are using malware to target the rapidly increasing market of IoT devices in “jackware” or “ransomware of Things” (RoT) attacks.

Data Breach

PYMNTS

JULY 25, 2019

Ransomware attacks increased 21 percent from 2017 to 2018, and malicious insider attacks increased 18 percent during that same timeframe. According to Accenture , the average number of security breaches in 2018 grew by 11 percent, from 130 to 145. And digital fraud is increasingly being targeted at the weakest links: humans.

Phishing

PYMNTS

JANUARY 13, 2017

Keeping 2017 Protected. While Digital Shadows expects to see targeted attacks that are much bigger and more complex on the horizon in 2017, Chappell also shared that threats like denial-of-service attacks, malicious botnets like Mirai and ransomware are all things to keep a close watch on in the year ahead.

ATM

PYMNTS

MAY 4, 2018

That hack came about a week after Atlanta experienced a “ransomware” attack that impacted some city services, such as bill collections and airport WiFi. Beyond Atlanta and Baltimore, a virus shut down the entire network of a county in Ohio back in 2017.

Ransomware

The Paypers

JULY 19, 2017

(The Paypers) Petya , a ransomware that that began on 27 June 2017, is still disrupting companies, weeks later, the BBC has learned.

Ransomware

Finovate

APRIL 3, 2024

The Chainalysis report also showed a rise in ransomware and darknet market activity and expressed particular concern about the former. Zhao launched Binance in 2017 and, within eight months, grew the company into the largest cryptocurrency exchange in the world by trading volume.

Bitcoin

Global Fintech & Digital Assets

DECEMBER 11, 2023

On November 1, 2023, the DFS announced the Amendments to its regulations that were initially published in 2017 (23 NYCRR part 500). 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.

Cybersecurity