Payments Source

NOVEMBER 24, 2020

Organizations need complete control over which network access privileges are assigned to each user or role, says Pulse Secure's Rene Papp.

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.

Cybersecurity

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

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. Another viable approach to securing access to your network is to set up multi-factor authentication.

Small Business

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Malware and ransomware Malware and ransomware represent another threat to SMEs, as these malicious software programs can disrupt operations and lead to significant data loss.

Security

VISTA InfoSec

OCTOBER 21, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Malware and ransomware Malware and ransomware represent another threat to SMEs, as these malicious software programs can disrupt operations and lead to significant data loss.

Security

Basis Theory

MAY 7, 2024

In a world that seems ever more risky - with digital scam artists everywhere you look, and ransomware in seemingly every other news report - making security as impenetrable as possible is at the top of many merchants’ to-do lists.

Security

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. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). Backup Your Data Regularly Safeguarding your vital data is non-negotiable.

Data Security

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.

Scams

PYMNTS

APRIL 27, 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

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. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts.

Cybersecurity

PYMNTS

NOVEMBER 30, 2020

One source, writing for ZDNet, claimed to have confirmed the authenticity of at least two such accounts, although the Engadget report notes that it was unable to verify this for every victim. The accounts could also be used for blackmail, and intruders could be used to undermine email-based two-factor authentication, the Engadget report says.

Business Email Compromise

PYMNTS

OCTOBER 9, 2020

With the help of kits that can be purchased on the dark web, new and unsophisticated scammers can now send highly authentic-looking branded emails that purport to be from an official health agency but actually link to a replica website that steals your information. Ransomware And Malware. Following an upsurge in such attacks, the U.S.

B2B

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. According to the company, financial threats, with more than 1.2

Ransomware

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. 233,817 is the average ransomware payment an organization pays to regain control of its systems, according to new data from Coveware.

Business Email Compromise

Payments Source

JULY 7, 2016

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.

Breach

Fintech News

MAY 1, 2025

These intrusions are often used as entry points to carry out various malicious objectives, such as deploying ransomware, stealing data, or maintaining covert access. Within the category, ransomware accounted for 51% of breaches, reinforcing its profitability as a favored tool among cybercriminals.

APACS

PYMNTS

OCTOBER 25, 2019

The city council of Johannesburg, the largest city in South Africa , was hit with a ransomware attack on Friday (Oct. Johannesburg city officials said they are investigating the incident and that they could not confirm the authenticity of the attack. Ransomware attacks in South Africa have increased 19 percent in the last year.

Ransomware

PYMNTS

JANUARY 27, 2020

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. Eighty percent of banks in the APAC region expect fraud losses to increase in 2020, though, despite their widespread use of multi-factor authentication, biometrics and passwords.

Business Email Compromise

Payments Source

JUNE 28, 2017

Today: Square considers consumer loans; ATM's golden anniversary; New ransomware; Pinterest adopts dual authentication. The information you need to start your day, including top headlines from PaymentsSource and around the Web.

Ransomware

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

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

VISTA InfoSec

JUNE 7, 2024

Zero trust, as its name implies, is a digital security framework that emphasizes the need for strong, frequent authorization and authentication of all devices and users on a network. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

Micro-Entry

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. There were also nine times more ransomware attacks within the same time frame. million in losses and a median loss of $459 per incident.

Financial Crimes

PYMNTS

JUNE 4, 2020

universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.

Bitcoin

PYMNTS

MAY 24, 2017

A ransomware attack, committed on a piece of malware called WannaCry or Wanna Decryptor, infected computers in more than 100 countries, all told. When they investigate this latest ransomware attack and how it got started, ultimately it’s malware that somehow got on the device,” he said. McDowell explained.

Authentication

PYMNTS

NOVEMBER 2, 2020

The SEC has issued warnings in the past few months on ransomware, which involves attacks on broker dealers, investment advisors and investment companies, along with attacks on service providers that affect companies under the purview of the SEC. Clayton recommended that companies and individuals each perform digital hygiene, CNBC reported.

Cybersecurity

PYMNTS

SEPTEMBER 13, 2018

As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.

Security

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. Furthermore, continuous authentication systems powered by AI monitor user behaviour, offering an additional layer of security. The Growing Threat Landscape in Fintech As fintech grows, so does its attractiveness to cybercriminals.

Cybersecurity

PYMNTS

OCTOBER 1, 2020

They should enforce Office 365 password updates, add two-factor authentication to Office 365, look at forwarding rules in email accounts, set rules to prevent bulk forwarding of emails, search for hidden folders within inboxes and enable alerts for suspicious activity. Businesses have become big targets of fraud amid the pandemic.

Business Email Compromise

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. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts.

Cybersecurity

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

PYMNTS

MAY 22, 2017

The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s Hacking and cyber threats like ransomware are hardly new phenomena. s National Health Service.

Regulations

PYMNTS

MAY 23, 2017

Whether it’s safeguarding sensitive personal and financial information from attacks like WannaCry or authenticating travelers at an airport, security is top of everyone’s mind these days. CLEAR, a security line-busting authentication system, recently received a $15 million investment from asset management firm T.

Authentication

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

The Finance Weekly

DECEMBER 30, 2021

Malware attacks, especially ransomware attacks, are on the rise. To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices.

Technology

Global Fintech & Digital Assets

DECEMBER 11, 2023

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. The Amendments also require a covered entity to report within 24 hours any extortion payment made in response to a ransomware attack.

Cybersecurity