PYMNTS

DECEMBER 11, 2017

The move comes just weeks after the revelation that ride-sharing service Uber hid a breach that compromised the data from 57 million of its customers, and that they paid hackers to destroy the stolen information. Bitcoin And The Ghost Of Crashes Present. And for the last few days, gravity has been catching up with bitcoin.

Bitcoin 44

Bitcoin Breach Data Breach FDIC 44

CB Insights

NOVEMBER 21, 2017

As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. What is Bitcoin?

Blockchain 78

Blockchain Technology Bitcoin Participant 78

PYMNTS

NOVEMBER 30, 2016

According to the San Francisco Examiner , the computer screens of Muni agents displayed the message, “You Hacked, ALL Data Encrypted” beginning Friday night. The attacker demanded 100 bitcoin (approximately $73,000) in ransom and displayed in the message to contact cryptom27@yandex.com for the decryption key.

Ransomware 44

Ransomware Bitcoin Data Encryption Encryption 44

Fintech News

FEBRUARY 10, 2025

Additionally, criminals are moving beyond traditional Bitcoin payments to more complex laundering strategies, including cross-chain bridges that obscure transaction histories. A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits. billion globally.

Crime 95

Crime Ransomware Scams Phishing 95

Wharton Fintech

FEBRUARY 26, 2024

If you have noticed the chip that is on the card to provide encryption of all transactions and payments, when we moved into mobile devices like Apple Pay or Google Pay, we used the chips in your phone to offer similar encryption capabilities. A lot of technology went into securing the payment systems to fight fraud.

Visa 130

Visa Technology Payments Encryption 130

Fintech Review

DECEMBER 3, 2024

Educating users about encryption and tokenisation can help address these concerns. Striking the right balance is essential to encourage advancements without compromising security. Cryptocurrencies like Bitcoin and Ethereum are gaining acceptance as alternative payment methods. Conversely, security concerns can deter adoption.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

JUNE 26, 2017

SAMSAM) was used to compromise the networks of multiple U.S. The actors then use PsExec.exe to distribute the malware to each host on the network and encrypt most of the files on the system,” the FBI added. The actors charge varying amounts in bitcoin to provide the decryption keys to the victim.”. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

PYMNTS

AUGUST 16, 2016

NSA’s team of elite hackers has reportedly been compromised, with an anonymous group, calling itself Shadow Brokers, saying it breached the systems used by the NSA’s elite team of hackers that go by the name of Equation Group. The sale is via a bitcoin auction. How much you pay for enemies’ cyberweapons?” We hack Equation Group.

Breach 40

Breach Encryption Compromise Bitcoin 40

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

FEBRUARY 28, 2020

Most use a variety of techniques to go after accounts directly, and obtain personally identifiable information (PII), bitcoin wallets or other digital valuables. The number-one thing that we see is compromised credentials from another service being used against us,” he explained.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

MAY 19, 2017

Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access. “Right now there is no clear indication of the first compromise for WannaCry,” said Budiman Tsjin of RSA Security, a part of Dell.

Ransomware 46

Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

JUNE 2, 2017

For those who aren’t familiar with the digital currency, Zcash is – like bitcoin – an altcoin used for anonymous online transactions. In an encrypted message, Shadow Brokers announced the timely delivery of crippling exploits, such as Windows 10 bugs, ransomware, malware and internal info about international nuclear missile programs.

Ransomware 40

Ransomware Blockchain Compromise Bitcoin 40

PYMNTS

JUNE 15, 2018

“There’s a huge security problem, just with the internet in general,” Sikora said, adding that “the internet has grown up to be convenient and to have great experiences for everybody, but while doing that it was growing so fast that we compromised security.”.

Blockchain 43

Blockchain Security Database Social Security 43

PYMNTS

SEPTEMBER 9, 2016

Quartz reported that the site Rambler was targeted by hacks dating back to 2012, and as a result, roughly 98 million accounts were compromised. The sensitive data, which the Yahoo-like site supposedly did not encrypt, included usernames, email addresses and passwords. Android Users Can’t Catch A Break.

Phishing 41

Phishing Breach PayPal Database 41

CB Insights

AUGUST 25, 2017

Bitcoin and other virtual currencies are made possible by what’s known as blockchain technology. Bitcoin’s popularity is proving blockchain’s usefulness in finance, but entrepreneurs have come to believe blockchain could transform many more industries. Blockchain & Bitcoin Research Briefing.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

PYMNTS

FEBRUARY 6, 2019

The news was, and is, thus: Crypto exchange QuadrigaCX , based in Canada, apparently cannot get a hold of $190 million in crypto held on behalf of clients — spanning bitcoin and Ethereum, amid other digital currencies. Roughly 26,500 bitcoin, 200,000 Litecoin and about 430,000 Ether, among other digital currencies. The holdings?

Digital Currency 74

Digital Currency Cryptocurrency Bitcoin Blockchain 74

PYMNTS

MARCH 7, 2016

That, along with tokenization and point to point encryption became the trifecta of payments security. Consumers aren’t bothered all that much about having their card credentials compromised. But, consumers have been trained that they’re not responsible at all when a bad guy compromises their card information.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46

PYMNTS

APRIL 15, 2016

Benjamin Lawsky, the former New York state financial services chief, certainly wasn’t a fan of bitcoin or virtual currencies. Now, it appears he is going to use his firm to assist with the side of bitcoin that’s been getting more positive press. The Trump-Bitcoin Wall Battle. Follow the bouncing bitcoin.

Bitcoin 40

Bitcoin Blockchain Federal Reserve Digital Currency 40

CoinRemitter

MAY 5, 2025

Choosing the right gateway is not just about accepting Bitcoin or Ethereum. It processes Bitcoin, Ethereum, and other digital currencies and handles the entire transaction, making sure the funds move safely from the customer to the business. It is also about making sure your customers have a smooth experience.

Payment Gateways 52

Payment Gateways Gateways Cryptocurrency Payment APIs and Integration 52