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.

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PYMNTS

DECEMBER 5, 2017

When a company is hit by ransomware, the cost of paying the ransom is rarely, if ever, the full cost of the cyberattack. And while most said they acknowledged ransomware as a significant threat, less than half said they were confident they would be able to deal with a ransomware attack.

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Ransomware Small Business Cybersecurity Addressing 50

PYMNTS

JUNE 21, 2017

A South Korea-based web hosting firm has fallen victim to ransomware. That’s not unusual in today’s cybersecurity climate, but what is unusual is how much the company is paying to regain control of its systems: $1 million. Reports Tuesday (June 20) said Nayana was hit by a ransomware attack on June 10. Nayana agreed to pay 397.6

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Ransomware Encryption Cybersecurity Bitcoin 40

PYMNTS

JUNE 14, 2016

Researchers at Citrix this month found evidence that businesses are shoring up reserves of bitcoin so they can pay ransoms as quickly as possible should they be hit with ransomware. A survey by Citrix suggests businesses are reacting to these events by stockpiling bitcoins.

Bitcoin 41

Bitcoin Ransomware Cybersecurity Research 41

PYMNTS

MARCH 15, 2016

.” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. Ransomware isn’t a new problem by any means, but even more citizens and businesses across the U.S. million attacks in 2014, according to cybersecurity firm Symantec Corp.

Ransomware 40

Ransomware FBI Cybersecurity Bitcoin 40

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 49

Ransomware End User Crime Law Enforcement 49

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. The hackers sent the college a ransom note demanding payment in bitcoin within seven days for a private key to regain access to the files.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

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.

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Ransomware FBI Shutdown Bitcoin 40

PYMNTS

MARCH 31, 2017

It can be difficult to know how to handle cybercriminals and their malicious attacks, especially when many people don’t have a foundational knowledge on what cybersecurity is all about. Cybersecurity Knowledge Put to the Test. Want to know how much Americans actually know about cybersecurity? Combating Bad Bitcoins.

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Bitcoin Ransomware Cybersecurity Money Laundering 42

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.

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Crime Ransomware Scams Phishing 88

PYMNTS

MAY 19, 2017

It’s been a rocky week for bitcoin — and we don’t just mean in terms of price. Actually, bitcoin’s price at the time of writing was at a record high, hitting $1859.49 It’s increasingly hard to argue that bitcoin is clean. It’s increasingly hard to argue that bitcoin is clean.

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Bitcoin Cryptocurrency On-Demand Digital Currency 54

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible.

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Ransomware Law Enforcement Encryption FBI 40

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?” .

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Governance Government Ransomware Compromise 58

PYMNTS

FEBRUARY 23, 2019

Because, as it turns out, Venmo might just be able to help cure a broken heart (or make one worse), the big bitcoin price drop might have been a boon for cybersecurity, and Girl Scout cookies might just be the reason you see more healthy eating options advertised over the next few weeks. The reason?

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Venmo Bitcoin Ransomware Cryptocurrency 71

PYMNTS

OCTOBER 25, 2019

The city council of Johannesburg, the largest city in South Africa , was hit with a ransomware attack on Friday (Oct. Reuters is reporting that the computers of government workers were affected, and the perpetrators asked for bitcoin payments to reinstate email links and internet access.

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Ransomware Bitcoin On-Demand Authentication 41

PYMNTS

NOVEMBER 12, 2019

Sources have revealed that a ransomware attack has frozen the billing systems of Mexico’s Petroleos Mexicanos (Pemex). In fact, he discovered a sample of the malware on a repository that had an embedded payment portal addressed to Pemex, with hackers requesting 565 bitcoin (equivalent to around $4.8 million) from the company.

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Ransomware NOV Embedded Payments Payments 40

PYMNTS

MARCH 10, 2016

Especially when senior KBB Analyst Karl Brauer says that the automotive industry’s nascent cybersecurity abilities mean that “vehicle hacking is almost inevitable?” How can so many drivers profess no confidence in connected car security, while clamoring for greater integration of the tech?

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Ransomware Cybersecurity Breach Credit Cards 40

Finovate

APRIL 3, 2024

Bitcoin Boomed By the time Bankman-Fried was charged in December of 2022, the price of bitcoin had been in a dizzying plunge for nearly a year. Topping out at just over $59,700 in November 2021, bitcoin was trading at $16,700 by mid-December of the following year. spot bitcoin ETFs. Ethereum is up 2.8x

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Bitcoin Crime Cryptocurrency Ransomware 52

PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. I told her what I knew: There are three ways to deal with cybersecurity,” Leominster Interim Police Chief Michael Goldman told ABC News. s National Health Service.

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Bitcoin Ransomware Cybersecurity Returns 41

PYMNTS

MAY 19, 2017

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. 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.

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Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

MAY 20, 2016

It wouldn’t be the end of the business week in the payments industry if there weren’t another batch of news items relating to cybersecurity, data breaches and hackers. That, and much more in today’s Daily Data Dive 5-in-1: Ransomware Creator Calls It Quits. $1 LinkedIn’s Data Breach Scope.

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Breach Data Breach Ransomware Bitcoin 42

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.

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Data Breach Ransomware Breach Cybersecurity 43

PYMNTS

MAY 23, 2017

That said — Symantec also notes that the spread, coding flaws and demands for bitcoin ransoms may be indications that this hack was not carried out at the behest of North Korean government officials and was more an independent fundraising operation. “It’s unusual,” he said.

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Ransomware Governance Government Non-Bank 43

PYMNTS

AUGUST 18, 2020

The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two years. “We

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Blockchain Bitcoin Money Laundering Digital Currency 56

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities. Bitcoin Role.

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SWIFT Bitcoin Database Payments 63

PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. fell victim Friday (May 12) of a cyberattack , while several companies in Spain were hit with a ransomware attack. El Mundo reported attackers want a ransom paid in bitcoin, Bloomberg stated.

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Ransomware Law Enforcement Cybersecurity Governance 40

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.

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Ransomware Blockchain Compromise Bitcoin 40

PYMNTS

NOVEMBER 30, 2016

San Francisco’s Muni public transit system was reportedly hit by a ransomware attack over the weekend that took the light rail transit offline on Saturday (Nov. The attacker demanded 100 bitcoin (approximately $73,000) in ransom and displayed in the message to contact cryptom27@yandex.com for the decryption key.

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Ransomware Bitcoin Data Encryption Encryption 44

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. To date, more than $80,000 in bitcoin payments have been made so users could access their files again. Hacking and cyber threats like ransomware are hardly new phenomena.

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Regulations Authentication Ransomware Money Laundering 46

PYMNTS

JANUARY 31, 2017

Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. According to The New York Times , the latest hacking scandal comes from an Austrian hotel, Romantik Seehotel Jaegerwirt, where over 180 guests were locked out of their rooms.

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Ransomware FBI Bitcoin Compromise 45

PYMNTS

MAY 17, 2017

The WannaCry malware that spread globally over the past weekend has cybersecurity researchers puzzled on a number of levels. How it all began, how the malware spread so rapidly and why it hasn’t been particularly profitable for the cybercriminals involved are all open questions.

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Research Phishing Cybersecurity Bitcoin 40

PYMNTS

JUNE 30, 2017

Cybercriminals can put their botnets up for rent so that fellow cybercriminals can flood enemies, monetize them by clicking on paid advertisements hundreds of thousands of times, or mine bitcoin. Legacy antivirus usually misses new ransomware the day it comes out, then learns to recognize its signature over the next week or two.

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Security Ransomware Push-to-Card ATM 55

PYMNTS

MAY 15, 2017

The massive wave of crypto-ransomware cyberattacks now reported to have hit more than 200,000 computers in 150 countries shouldn’t be just another “look at how smart and cunning and horrible those cybercriminals are” headline. That means bitcoin. What Does Any of This Have To Do With Bitcoin? Who Is Frances Kelsey?

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Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

MARCH 24, 2017

It’s been an interesting week when it comes to Apple’s cybersecurity news. In this week’s Hacker Tracker , cybersecurity experts weigh in on what may or may not impact hundreds of millions of Apple customers. Nonetheless, if the claim is true, it could result in greater impacts than many have initially anticipated.

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Credential Crime Ransomware Data Breach 45

PYMNTS

AUGUST 21, 2017

AlphaBay and Hansa Market were exclusive marketplaces where criminals could transact anonymously behind the scrims of special software called Tor and the hard-to-trace blockchains that power cryptocurrencies like bitcoin. The takedown has sown chaos into that community, with criminals unsure where to turn and who to trust.

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Law Enforcement Laws Verification Void 45

CB Insights

FEBRUARY 16, 2018

Just this week it was revealed that Russia was behind ransomware attacks in Europe that caused over $1B in losses. The worlds of AI, cybersecurity, and traditional defense are merging. 70,000: CoinPrism , a colored coins wallet for bitcoin, revealed that it is shutting down towards the end of March 2018. Have a great weekend.

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AI Ransomware Cybersecurity Bitcoin 30

PYMNTS

JUNE 8, 2018

To make these thefts possible, some criminals are turning to tools on the dark web: Cybersecurity company Carbon Black said there are around 12,000 marketplaces related to cryptotheft — a nd malware, which can come as low as $1.04, is bundled with customer service at times. You know, just beware.”

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Bitcoin Ransomware Cybersecurity Digital Currency 46