PYMNTS

MAY 31, 2016

Last week, the FBI published a report confirming the fact – the data noting that, in 2015, ransomware attacks left businesses and individuals feeling the burn of more than $1.6 Ransomware attacks and threats are said to have accounted for $1,620,814 of that sum, the report stated. You know what they say, cybercrime pays.

Ransomware 41

Ransomware Crime FBI Security 41

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. Ransomware: More sophisticated ransomware attacks are affecting more companies and individuals.

Scams 98

Scams Ransomware Government Governance 98

PYMNTS

SEPTEMBER 21, 2018

To that end, the the Internet Crime Complaint Center (IC3), a hub to bring complaints to the Federal Bureau of Investigation (FBI), is eyeing payroll fraud. Ransomware is in there, of course, where a methodology shift is underway — i.e. criminals are less random in their approach and now target specific companies and individuals.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

OCTOBER 23, 2019

As it recovers from a ransomware attack that started last week, business-to-business payments provider Billtrust is in its last stages of putting all of its systems online from backups. Pinado continued, “We immediately started focusing on control, remediation and protection. The company learned of a malware intrusion on Oct.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

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. About $1 million was swindled from the Colorado town of Eerie , with the FBI now investigating the matter.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

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 72

Phishing AI MSPS Ransomware 72

PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We

Cryptocurrency 82

Cryptocurrency Bitcoin FBI Breach 82

PYMNTS

JANUARY 13, 2020

The ransomware gang Sodinokibi was blamed for demanding $6m (£4.6m) in exchange for customer data. In an email, Travelex — owned by Finablr — said it would “continue to make good progress with our recovery and have already completed a considerable amount in the background. …

Ransomware 52

Ransomware Compromise FBI On-Demand 52

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

DECEMBER 16, 2019

the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found. In the U.S.,

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

PYMNTS

NOVEMBER 2, 2018

Bank statements have shown that payments to Oil Tank continued for years after the terminal’s completion. Separately, in what might be seen as a victory in the fight against payments fraud, a decryptor was developed by a collaboration between Bitdefender and enforcement agencies as far ranging as the Romanian police, the FBI and Europol.

Ransomware 67

Ransomware Audit FBI Scams 67

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

JANUARY 12, 2017

While ransomware continues to be a go-to tactic for hackers for extorting and manipulating victims out of money, not everyone impacted is willing to just pay up. E-Sports Entertainment Association, which hosts competitive video game tournaments, was recently hit by a ransomware attack but refused to pay the $100,000 demanded of it.

Ransomware 40

Ransomware FBI Database Compromise 40

PYMNTS

JUNE 19, 2017

When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business. Even the FBI has said that paying ransom is sometimes the smarter thing to do. Department of Justice authorization to carry them out.

Bitcoin 75

Bitcoin Regulations Money Laundering FBI 75

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. The data represents one of the first efforts by the cybersecurity industry to analyze such attacks, as the FBI and federal government authorities do not track local-level government incidents.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

PYMNTS

JANUARY 31, 2017

Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. If ransoms are paid without hesitation, Neate hypothesizes that this type of cyberattack will only continue and that there may be a possibility the funds are being used for criminal activity.

Ransomware 45

Ransomware FBI Bitcoin Compromise 45

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

FEBRUARY 3, 2017

Although the details have yet to be released, it’s believed that an employee’s computer was exposed to the ransomware through a phishing scam or by accidentally downloading it. The servers have now been locked up, and the FBI and Bureau of Criminal Investigation have been notified.

Governance 40

Governance Government Law Enforcement Ransomware 40

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities.

SWIFT 63

SWIFT Bitcoin Database Payments 63

PYMNTS

JULY 14, 2017

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. said the plant was continuing to operate safely. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless.

Data Breach 47

Data Breach Breach FBI Ransomware 47

PYMNTS

JULY 3, 2017

The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules. Plus, the hearing for former FBI Director James Comey was scheduled for that morning. NACHA’s Bill Sullivan gave the recap to PYMNTS CEO Karen Webster.

NACHA 45

NACHA Faster Payments Same Day ACH ACH 45

The Fintech Times

DECEMBER 5, 2024

However, while the average age of someone arrested for a crime is 37, the Experian report reveals that according to the FBI, cyber hacking is now committed by those with an average age of 19. Typically, fraudsters are associated with middle-aged criminals.

Data Breach 59

Data Breach Breach Ransomware Deepfake 59