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 Breach 60

PYMNTS

FEBRUARY 5, 2020

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We The company said that no personal data was compromised in the cyberattack. . “We On Wednesday (Feb.

Ransomware 52

Ransomware Law Enforcement Cybersecurity Compromise 52

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. 233,817 is the average ransomware payment an organization pays to regain control of its systems, according to new data from Coveware.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96

PYMNTS

OCTOBER 9, 2020

Phishing scams continue to proliferate in the number of attacks and dollar value of losses.”. Ransomware And Malware. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. Business Email Compromise. billion a year — and that seems to be growing. “We

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

AUGUST 24, 2020

This week's B2B Data Digest looks at the rising threat of the business email compromise (BEC) scam and invoice fraud on companies of all sizes in the U.S., A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Canada and the world over.

Scams 119

Scams Business Email Compromise Ransomware Email Compromise 119

PYMNTS

AUGUST 21, 2018

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. “These attackers target brands and consumers on the open web with tactics like phishing, spinning up malicious mobile apps, hacking third-party suppliers and directly compromising websites.”

Ransomware 53

Ransomware Phishing Compromise Credit Cards 53

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

Fintech Finance

OCTOBER 24, 2024

Enumeration: Merchants continue to be targeted by cybercriminals who test payment data with scale and speed, leading them to access consumer account information. Recently, Visa has noted a marked delay in when cybercriminals choose to cashout compromised accounts, hoping to evade detection after initial provisioning fraud.

Scams 98

Scams Ransomware Government Governance 98

Fintech News

MAY 1, 2025

These intrusions are often used as entry points to carry out various malicious objectives, such as deploying ransomware, stealing data, or maintaining covert access. In contrast, social engineering attacks continue to decline in prevalence. These are often paired with ransomware to infiltrate systems.

APACS 83

APACS Data Breach Breach Ransomware 83

PYMNTS

NOVEMBER 2, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton said corporate America needs to be more proactive about cybersecurity, warning that the threat of cyberattacks will continue, CNBC reported. Speaking on CNBC's “Power Lunch,” Clayton said cybersecurity risks compounded on the pandemic and the U.S. presidential election.

Cybersecurity 84

Cybersecurity Credential Compromise Ransomware 84

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. The city was hit with the ransomware attack on Dec.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

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

PYMNTS

NOVEMBER 28, 2018

The majority of malware victims are small businesses, GoDaddy noted, with ransomware a rising threat to SMBs and their coffers, with one-in-five SMBs having fallen victim to a ransomware attack in the last year. One case, however, involved more than 35,000 compromised files. ”

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

OCTOBER 15, 2018

Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims. 133,000: the average cost of a ransomware attack on a small business.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

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. .”

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

JANUARY 13, 2020

The ransomware gang Sodinokibi was blamed for demanding $6m (£4.6m) in exchange for customer data. Travelex said the malware was kept in check and customer data was not compromised. . Travelex said it will continue to communicate with partners about restarting services and “provide a roadmap” for authorities.

Ransomware 52

Ransomware Compromise FBI On-Demand 52

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Ransomware 80

Ransomware Credit Cards Digital Currency Compromise 80

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Of MSPs surveyed, about 75 percent said their SMB customers experienced “business-threatening” downtime as a result of a ransomware attack, said Datto’s chief technology officer, Robert Gibbons.

Ransomware 58

Ransomware MSPS Disaster Recovery Cybersecurity 58

VISTA InfoSec

SEPTEMBER 25, 2024

We will continue seeing this happen in our lifetime, with a prominent example of this found in a relatively new mainstream advancement in fintech – cryptocurrency. This typically goes hand-in-hand with ransomware, where hackers will request a ransom to be paid to either be able to access your data or return it.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. KnowBe4’s tool, called Phishing Reply Tracking, tests if users will interact with hackers on the other end of a phishing email.

Phishing 67

Phishing Wire Transfer Email Compromise Business Email Compromise 67

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. Travelex said it had contained the ransomware and investigations show that customer data was not compromised.

Ransomware 52

Ransomware Returns Encryption Compromise 52

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. After gaining access to a compromised account, the criminals begin gathering information in order to launch secondary attacks across the victim’s network.

Phishing 45

Phishing Ransomware EMV CHIPS 45

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. Given the ease with which IoT devices can be hacked, we can expect more attacks to follow. Who’s scoring you now?

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. Repercussions extend beyond financial losses, significantly impacting individuals within organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

PYMNTS

JUNE 23, 2017

Last month’s global ransomware attack WannaCry dominated real estate on every major tech website, including PYMNTS. In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up.

Ransomware 65

Ransomware Cybersecurity Central Bank Risk 65

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. 5 - (2 votes)

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years.

Business Email Compromise 56

Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays. Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

APRIL 30, 2018

With a threefold increase in the number of corporates who had been hit by a ransomware attack in the last year compared to a year prior, corporate treasurers have been forced to swallow the large, uncomfortable pill of the threat of cyberattacks and fraud on their organizations in a short amount of time. “There is a lot more to be done.”

Email Compromise 59

Email Compromise Treasury Ransomware Wire 59

PYMNTS

SEPTEMBER 14, 2017

Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. Additional Attacks Putting the Enterprise at Risk.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Business Email Compromise scams continue to grow and steal more corporate money than ever before. Compare that to ransomware, which made up just 11 percent.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

DECEMBER 30, 2016

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

Checks 58

Checks Email Compromise Security Compromise 58

VISTA InfoSec

JANUARY 29, 2024

Its intent is to compromise the confidentiality, integrity, or availability of the owner’s data, applications, or the operating system itself. This includes viruses, worms, Trojans, spyware, ransomware, keyloggers, rootkits, and malicious code, scripts, and links. This mandate is to be implemented with immediate effect for all v4.0

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

PYMNTS

MAY 5, 2016

FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Once they see their tactics are working, they will continue to attack. While the initial ransomware demands are often small amounts, it adds up.

FBI 41

FBI Ransomware Cybersecurity Encryption 41

PYMNTS

JANUARY 9, 2020

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. A company representative confirmed that Samsung Pay’s international transactions have halted as technicians continue their efforts to resolve the issue.

Cross-Border 53

Cross-Border Shutdown Ransomware Compromise 53

PYMNTS

OCTOBER 12, 2020

For example, the 350,000 companies that have contracts with the Department of Defense will soon have to comply with a new mandate known as Cybersecurity Maturity Model Certification (CMMC) if they want to continue doing business with the government.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

PYMNTS

OCTOBER 19, 2018

Despite the advent of chip technology in credit cards, which has improved security, bad actors continually look to circumvent systems in place. In addition to scrambling to deal with the fallout of compromised data, SMB owners can also be left vulnerable to ransomware demands.

Risk 76

Risk Security Ransomware On-Demand 76