Fintech News

FEBRUARY 15, 2024

Despite the notable drop and improvements, the prominence of sanction-related transactions and the growth of ransomware attacks remain key challenges for the industry to tackle. The growth of ransomware revenue suggests that ransomware attackers are adjusting to the new cybersecurity improvements that organizations have made.

Ransomware

PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. They tend not to target poorer countries,” he said. Payment terms have been higher, too.

Ransomware

PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

Ransomware

PYMNTS

JULY 20, 2016

Ransomware may have started with consumers, but attacks against businesses and large organizations are on the rise, according to Symantec ’s Ransomware and Businesses 2016 report. According to the report, in the last year, ransomware has reached a new level in terms of maturity and the damage it can cause.

Ransomware

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

Cybersecurity

VISTA InfoSec

OCTOBER 21, 2024

This typically goes hand-in-hand with ransomware, where hackers will request a ransom to be paid to either be able to access your data or return it. Starting by ensuring that every account you have has a unique and strong password. Apart from this, you should also keep all of your devices and software up-to-date.

Cybersecurity

PYMNTS

OCTOBER 19, 2020

Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet. Treasury Office of Terrorism and Financial Intelligence issued an alert about the surge in ransomware attacks. Earlier this month the U.S.

Ransomware

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.".

Treasury

Fintech Finance

OCTOBER 24, 2024

The rise of authentication bypass scams: Looking for a way to get around two-factor authentication, fraudsters are doubling down on one-time-password phishing scams, which allow criminals access to full account funds and information via increasingly convincing texts, emails or phone calls. Although there was an overall decrease of 12.3%

Scams

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security

VISTA InfoSec

OCTOBER 21, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security

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 14, 2019

TechCrunch reported that the company was hit with a ransomware attack. Ransomware attacks are becoming more targeted, sophisticated, and costly, even as the overall frequency of attacks remains consistent,” the FBI said in the warning. The FBI recently warned that “high impact” attacks would be hitting large companies.

Ransomware

PYMNTS

AUGUST 24, 2020

A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Analysts pointed to several high-profile ransomware cases that hit large enterprises, including Cannon and Garmin, as a contributor to the higher payout values. 389 percent more BEC scams hit U.S.

Scams

Fintech News

APRIL 1, 2024

In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. Ransomware payments using cryptocurrencies reached US$1.1

Ransomware

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

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

VISTA InfoSec

JUNE 18, 2024

Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. A crafty hacker could infiltrate accounts secured by flimsy credentials. Staying current across your digital environment is essential for cybersecurity hygiene.

Data Security

Fintech News

MAY 1, 2025

In 2024 alone, system intrusion accounted for an eye-popping 83% of all breaches, marking a staggering 44-point increase from 2023s already significant 39%. These intrusions are often used as entry points to carry out various malicious objectives, such as deploying ransomware, stealing data, or maintaining covert access.

APACS

PYMNTS

NOVEMBER 30, 2020

A hacker is reportedly selling information from hundreds of C-suite executives' Microsoft -based email accounts, according to a report from Engadget. The accounts went on the market at a limited-access forum in the Russian underground. apparel maker and the CFO of a European retail chain," according to Engadget.

Business Email Compromise

PYMNTS

AUGUST 4, 2016

When it comes to ransomware, the bad guys don’t discriminate, which means companies of all shapes and sizes could fall victim to the scam that holds their data hostage. Aiming to help companies in their fight against ransomware attacks, WatchPoint , a provider of advanced cybersecurity products, announced the launch of CryptoStopper.io.

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. Retail and accommodation combined to account for 15 percent of breaches.

Ransomware

VISTA InfoSec

AUGUST 8, 2023

They can include computer viruses and ransomware kinds of attacks. Ransomware Ransomware is a malicious software attack targeted at your system to restrict you from accessing critical data for regular business operations. Unfortunately, many cybercriminals see this as an easy way to get exploit businesses.

Small Business

Fintech News

FEBRUARY 10, 2025

From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. Ransomware Hits an All-Time High 2024 also witnessed an unprecedented surge in ransomware attacks globally, with over 5,600 publicly reported cases.

Crime

PYMNTS

OCTOBER 9, 2020

Ransomware And Malware. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. They then dupe back offices with requests to transfer funds to a new account. They are completely automated, and the rapidity of their appearance is striking,” Reichel said.

B2B

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. The individuals are then said to have submitted fraudulent invoices to the university from the fake company, routing the payments to their personal accounts.

Business Email Compromise

PYMNTS

JUNE 22, 2020

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the company told authorities, according to The Times of India.

Identity Theft

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. Paying the ransom almost certainly results in a loss of some of the data.

Ransomware

PYMNTS

MAY 1, 2018

The company is introducing added features to protect SMBs against phishing and ransomware. Microsoft also emphasized the volume of sensitive information that small businesses managed, with most firms surveyed noting they stored Social Security numbers, and 29 percent storing bank account information.

Ransomware

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

Ransomware

PYMNTS

JANUARY 27, 2020

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The city was hit with the ransomware attack on Dec.

Business Email Compromise

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

MARCH 10, 2016

Instead of breaking in, taking what they need and getting out, attacks seeking ransom in exchange for the return of data or access to an account have been on the rise. As the growth of ransomware shows, blocking access at key points can be a much more effective — and lucrative — way of doing business than snatch-and-grab attacks.

Ransomware

PYMNTS

JANUARY 25, 2017

It looks like ransomware has gotten by the safeguard in Google Play, the official Android marketplace for apps. Called Charger, the ransomware was hiding out in an app called Energy Rescue for at least one Android handset user, according to a blog post from Check Point Software. We collect all data about your friends and family.”

Ransomware

VISTA InfoSec

SEPTEMBER 25, 2024

This typically goes hand-in-hand with ransomware, where hackers will request a ransom to be paid to either be able to access your data or return it. Starting by ensuring that every account you have has a unique and strong password. Apart from this, you should also keep all of your devices and software up-to-date.

Cybersecurity

The Paypers

APRIL 29, 2016

(The Paypers) Some Eset data have suggested that ransomware attacks are on the rise and account for around a quarter of cyber threats targeting internet users in the UK.

Ransomware

PYMNTS

JANUARY 20, 2017

Last year saw a significant surge in the number of extortion threats, with the majority (56 percent) of the 600 organizations surveyed by Radware admitting that they have fallen victim to a cyber ransom attack and 41 percent identifying ransomware as the biggest cyber threat. Gmail Users Get Fooled.

Phishing