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 62

Ransomware End User Crime Authentication 62

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. Paying the ransom almost certainly results in a loss of some of the data.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

MARCH 9, 2017

A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. So all in all, it’s the best of times and the worst of times for security folks.”.

Ransomware 60

Ransomware Cybersecurity Compromise Security 60

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. 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.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. 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.

Security 130

Security Phishing Ransomware Risk Assessment 130

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. As criminals try to beat the system, we are continually adapting the predictive analytics we use to detect compromises. The post Double-Digit ATM Compromise Growth Continues in US appeared first on FICO.

Compromise 74

Compromise ATM Continuity Card Issuer 74

Fintech News

JUNE 3, 2024

German insurance group Munich Re expects the market to continue its growth momentum, projected to triple in size by 2025. Cyber insurance, also called cyber liability insurance or cybersecurity insurance, covers financial losses that companies have as a result of ransomware attacks, data breaches and other cyber incidents.

Ransomware 109

Ransomware APACS Cybersecurity AI 109

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

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. For example, an AI system might detect a series of unauthorised login attempts and block them before a breach occurs. This rapid response minimises damage and ensures business continuity.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

Fintech News

FEBRUARY 10, 2025

While the global crypto market continues to boom, with transaction volumes surpassing USD $10.6 From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. The financial toll has been devastating.

Crime 88

Crime Ransomware Scams Phishing 88

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

PYMNTS

APRIL 4, 2019

The threat of cyberattacks continues to grow, and small businesses (SMBs) are caught in the crosshairs. The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. million. . million. .

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. As of now, there is reportedly no evidence of continued unauthorized activity. Ransomware, Cyberespionage On The Rise. The unauthorized access has been shut off, Sabre said.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45

The Fintech Times

FEBRUARY 9, 2024

Candid Wüest, VP of product management at Acronis Candid Wüest , VP of product management at Acronis, explained: “There’s a disturbing trend being recognised globally where bad actors continue to leverage ChatGPT and similar generative AI systems to increase cyber attack efficiency, create malicious code, and automate attacks.

Phishing 73

Phishing AI MSPS Ransomware 73

PYMNTS

MARCH 17, 2017

It seems as though the trend of ransomware attacks isn’t disappearing any time soon. The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. Cyber Ransoms (Still) On The Rise.

Breach 40

Breach Ransomware Disaster Recovery Cybersecurity 40

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

SEPTEMBER 14, 2020

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware of the issue until about three months later. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

MAY 13, 2019

The city of Baltimore fell victim to a ransomware attack last week , as researchers began to dive into the risks of local-level government systems. So far this year, there have been 22 known attacks on local government systems, with the most recent the ransomware attack on Baltimore last week that forced a network quarantine.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

The Finance Weekly

DECEMBER 30, 2021

Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist? The following are a few practical considerations as waves of new technology continue coming our way. Heightened Data Security A data security breach is one of the CFO’s biggest nightmares.

Technology 130

Technology MSPS Small Business Data Security 130

PYMNTS

JANUARY 20, 2017

From our Emergency Response Team to our extensive products and services, Radware stands ready to guard organizations’ data, systems, and customers from harm,” Herberger continued. are in a perfect storm of rapid online sales growth at the same time that the credit card industry is continuing to transition to EMV chip technology.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

APRIL 29, 2019

” Finally, he said, ransomware is another massive threat that continues to grow, particularly as attackers adjust their tactics from single, large targets to many smaller hauls. However, cyberthreats continue to climb, and it seems no one is listening. ” Taking Action. They’re reusing the same passwords.

Cybersecurity 74

Cybersecurity Ransomware Data Breach Non-Bank 74

M2P Fintech

MARCH 24, 2025

For instance, the increase in use of digital and automated processes is likely to continue. As technology continues to evolve, these platforms will become even more efficient and accessible. Emerging trends include enhanced consumer rights, mandatory data breach notifications, and robust penalties for non-compliance.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Multi-factor authentication has two great attributes that contribute to its continuing and growing use in cyber defenses – It is both simple and effective.

Authentication 130

Authentication MFA Cybersecurity Credential 130

The Fintech Times

MAY 5, 2024

It hopes to do so with newly integrated features that build in loss prevention at no extra cost for policyholders: Breach & Attack Simulation (BAS): Resilience’s BAS tests enable organisations to validate security controls against up-to-date threat actor tactics and real-world techniques. .

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Just this week, reports emerged that at least 74 crypto exchanges around the world have folded so far in 2020, often due to criminal charges or security breaches. For instance, a new U.S. New Enforcement Framework.

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Breach 82

Finovate

JUNE 10, 2024

“As the threat landscape continues to evolve, it’s imperative that digital identities are well protected since they’re the entry point for so many targeted attacks,” SpyCloud CEO and Co-Founder Ted Ross said. CIBC Innovation Banking is the investment division of Canadian Imperial Bank of Commerce.

Account Takeovers 59

Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

FEBRUARY 27, 2020

Bitcoin’s decline continued Wednesday (Feb. But other measures point to support still existing out there: the Bollinger Band Indicator, a measure of volatility, has bitcoin at a close point to breaching the lower limit. 26) as it fell below the mark investors were looking at as a key line of support. in New York.

Bitcoin 63

Bitcoin Ransomware Cryptocurrency Crime 63

PYMNTS

MARCH 31, 2017

This uncertainty in cybersecurity topics may leave the door open for a big opportunity as hackers continue to get both smarter and more sophisticated. Though ransomware remains on the rise, Michael Corby, an executive consultant for CGI, is holding tight to the argument that ransomware demands should not be paid.

Bitcoin 42

Bitcoin Ransomware Cybersecurity Money Laundering 42

The Fintech Times

JANUARY 26, 2024

Speaking on the findings, Michael Bruemmer , vice president, global data breach resolution at Experian said: “Cybercriminals are continually working smarter, not harder. Six degrees of separation There’s no question third-party data breaches have made headlines. They are leveraging new technologies like artificial intelligence.

Data Breach 59

Data Breach Breach Crime Ransomware 59

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.”

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

FICO

NOVEMBER 30, 2016

Mirai, Japanese for ‘future,’ has given us a view into the future through these attacks, which include data breaches and ransomware attacks through compromised IoT devices. Another critical area will be in vendor management, particularly use of the ESS score to continually monitor vendors’ cyber security postures.

AI 108

AI Compromise Risk Assessment Assessments 108

The Fintech Times

APRIL 11, 2024

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

The Fintech Times

JUNE 20, 2024

The financial services industry continues to face unrelenting cyber-attack attempts due to the nature of high-value data it houses. No bank is immune to this threat, with ransomware attacks on financial services increasing from 55 per cent in 2022 to 64 per cent in 2023. So what can firms do to better mitigate this risk?

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

APRIL 29, 2016

According to the results of Verizon’s 2016 Data Breach Investigations Report , released on Wednesday (April 27), cybercriminals have become quite adept at using their victims’ human nature against them in order to get what they want. How do you reconcile that?”

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44

PYMNTS

AUGUST 17, 2017

With today’s digital sphere ingrained in every aspect of business, it’s tough not to have some part of the business taken advantage of by people or groups with bad intentions through malware attacks or other breaches in a firm’s cybersecurity defense. Integrated shipping and logistics company, A.P. billion up to $9.6 percent bump.

Ransomware 41

Ransomware Cybersecurity Breach Data Breach 41