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.
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.".
PYMNTS
OCTOBER 13, 2020
The rebranding initiatives in a number of instances are bringing about a rise in crypto prices last observed in at the height of 2017’s bitcoin bubble. In other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. 13) statement posted on the U.S.
PYMNTS
JULY 31, 2020
million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). “RagnarLocker is a simple ransomware, much like others that exist in the criminal market. Corporate travel manager CWT paid $4.5
PYMNTS
FEBRUARY 9, 2020
Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Europol, the European Union’s law enforcement agency, considers ransomware the “most widespread and financially damaging form of cyberattack.”.
PYMNTS
APRIL 18, 2019
Once seen as a tool for the dark web and black markets, cryptocurrencies like bitcoin now want to be a part of the broader economy. For many, however, the technology still conjures up images of cybercrime and illicit activity, and new data revealing the rising threat of ransomware is likely to fuel that negative reputation.
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.
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