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TSYS Attacked With Ransomware, Has Data Posted Online

PYMNTS

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. We experienced a ransomware attack involving systems that support certain corporate back office functions of a legacy TSYS merchant business," TSYS said in a statement to PYMNTS.

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Corporate Ransomware Payments Up In Remote Working Environment

PYMNTS

Corporate ransomware payment amounts rose sharply in the first quarter of this year, with a wave of coronavirus -related attacks and other peripherally-related cases because of complexities with shifting to remote work for many people, according to a Coveware blog post. Sodinokibi was the top type of ransomware on the market with 26.7

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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

Tron Founder Justin Sun rolled out the Sun Genesis Mining meme token “to promote the vigorous development and possibilities of TRON’s DeFi self-governance community,” according to a blog post, as noted by Bloomberg. Furthermore, the group pointed out that the financial services space has been an attractive focus for ransomware incidents.

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Microsoft Joins Offensive Against Major Botnet

PYMNTS

The target was systems linked to the dissemination of Trickbot, a botnet that has been used by some sophisticated players since late 2016 to deploy ransomware , especially in attacks on financial institutions (FIs). Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct.

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Cyber security measures for small and medium enterprises (SMEs)

VISTA InfoSec

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.

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Cyber security measures for small and medium enterprises (SMEs)

VISTA InfoSec

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 130
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New Data Shows 1.5 Companies Fall Victim To Ransomware Each Minute

PYMNTS

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. ” The report found that cybercrime costs businesses $600 billion each year, with ransomware specifically costing corporations $8 billion per year, or more than $15,000 per minute. .