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. Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If

Ransomware

PYMNTS

JUNE 27, 2017

Kaspersky says this is due not only to the higher level of income but also to the broader use of mobile and e-payment systems, which can be easily compromised. Following a slight reprieve, 2017’s Q1 saw 218,625 mobile Trojan-Ransomware installation packages – 3.5 Total worldwide mobile ransomware encounters increased by 11.4

Ransomware

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. The number of POS device and ATM compromises rose 21 percent in the same period. As criminals try to beat the system, we are continually adapting the predictive analytics we use to detect compromises.

Compromise

VISTA InfoSec

JUNE 18, 2024

Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts. A single compromised login could damage your entire network.

Data Security

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. ” Security firm Trend Micro found that the Nefilim Ransomware used in the attack had been discovered in March.

Ransomware

PYMNTS

JULY 31, 2020

million, and it isn’t clear whether private customer data was compromised by the attack. A CWT representative told the news service: “While the investigation is at an early stage, we have no indication that personally identifiable information/customer and traveler information has been compromised.”

Bitcoin

VISTA InfoSec

SEPTEMBER 5, 2024

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 addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security

VISTA InfoSec

OCTOBER 21, 2024

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 addition, insider threats pose significant risks, as employees may inadvertently or maliciously compromise sensitive information.

Security

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

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

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

VISTA InfoSec

OCTOBER 21, 2024

Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. 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

VISTA InfoSec

AUGUST 8, 2023

They can include computer viruses and ransomware kinds of attacks. Ransomware Ransomware is a malicious software attack targeted at your system to restrict you from accessing critical data for regular business operations. They should also consider changing their passwords every month or quarter to prevent compromise.

Small Business

PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. However, those numbers don’t show the accurate number of damage, and the longer-term consequences of the ransomware actions are more devastating. .

Ransomware

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

PYMNTS

OCTOBER 9, 2020

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. They are completely automated, and the rapidity of their appearance is striking,” Reichel said. Following an upsurge in such attacks, the U.S.

B2B

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result? million in losses for victims.

Ransomware

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. Social engineering involves the psychological manipulation of individuals to trick them into taking actions that compromise security or reveal confidential information.

APACS

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

Fintech Finance

OCTOBER 24, 2024

Recently, Visa has noted a marked delay in when cybercriminals choose to cashout compromised accounts, hoping to evade detection after initial provisioning fraud. Ransomware: More sophisticated ransomware attacks are affecting more companies and individuals. Although there was an overall decrease of 12.3%

Scams

PYMNTS

NOVEMBER 30, 2020

The SEC put out various alerts over the entirety of the pandemic on the danger of the attacks, warning various sizes of businesses about ransomware attacks affecting broker dealers and investment advisors as well as credential compromises taking peoples' login information and exposing private information.

Business Email Compromise

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.

Crime

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. SAMSAM) was used to compromise the networks of multiple U.S. Researchers at AlienVault noted that this ransomware also has a talent for spreading to any computers that share a network with the infected computer. MSIL or Samas.A

Ransomware

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Business Email Compromise

PYMNTS

NOVEMBER 2, 2020

The SEC has issued warnings in the past few months on ransomware, which involves attacks on broker dealers, investment advisors and investment companies, along with attacks on service providers that affect companies under the purview of the SEC.

Cybersecurity

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. Just days later, it happened again: another Florida city, Lake City, confirmed to reporters that it had been compromised by a ransomware attack and agreed to pay the ransom to regain control. .

Governance

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. 13, which led to a forensic investigation and the scrubbing of more than 3,400 government computers.

Business Email Compromise

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

PYMNTS

FEBRUARY 20, 2019

With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash. Ten stolen credit cards from each website that is compromised can result in up to $2.2 Symantec said it blocked more than 3.7 million each month.

Scams

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. 133,000: the average cost of a ransomware attack on a small business. “This is a scam, pure and simple. .

Ransomware

PYMNTS

OCTOBER 21, 2016

According to researcher and developer Willem de Groot, the online storefront for the National Republican Senatorial Committee (NRSC) was one of nearly 5,900 eCommerce sites compromised by malicious skimming software. 4 post revealing the NRSC compromise. Governments Say ‘No More’ To Ransomware.

Law Enforcement

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.

Ransomware

PYMNTS

APRIL 4, 2019

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. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

Ransomware

PYMNTS

APRIL 2, 2020

Automated attacks such as ransomware, business email compromise, and system-level takeover fraud, outpaced high-touch attack methods such as check fraud, the survey said. Researchers said the findings underscore the acknowledgment that fraudsters are stratifying their methods to optimize returns by automating and scaling attacks.

Small Business

VISTA InfoSec

JUNE 7, 2024

It thus evaluates every new access individually to account for the possibility that previously authorized users have been compromised or organizational policies have changed. As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises.

Micro-Entry

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

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. . The ransomware gang asked for $6 million in exchange for encrypted customer data.

Ransomware