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. On July 4, hackers announced they’d used Nefilim Ransomware to access the Orange server, gaining data on the company’s Orange Business Solutions division.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

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

The Fintech Times

FEBRUARY 9, 2024

In fact, it found that AI-enhanced phishing affected 91.1 Now, more than ever, corporations need to prioritise comprehensive cyber protection solutions to ensure business continuity.” of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times. The post 91.1%

Phishing 73

Phishing AI MSPS Ransomware 73

PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. . So far, two vaccinations have been approved by the U.S.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Vizom also modifies browser shortcuts to lead its own executable files and continuously runs in the background, regardless of any browser the user tries. The DLL is named Cmmlib.dll, a file associated with Zoom.

Ransomware 123

Ransomware FBI Phishing Treasury 123

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. This will ultimately safeguard critical data and reduce the impact on individuals and organisations.

Phishing 69

Phishing Cybersecurity Compromise Ransomware 69

VISTA InfoSec

OCTOBER 21, 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. The most common threat that you might already be aware of is phishing scams. The aim of such scams is to steal sensitive information, from personal to financial data.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb. A Proliferating Threat.

Phishing 58

Phishing PayPal Ransomware Cybersecurity 58

PYMNTS

AUGUST 24, 2020

A 60 percent increase in ransomware payments signals continued B2B payment attacks, according to the latest data from Coveware. Analysts pointed to several high-profile ransomware cases that hit large enterprises, including Cannon and Garmin, as a contributor to the higher payout values. 389 percent more BEC scams hit U.S.

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

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

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. billion globally.

Crime 88

Crime Ransomware Scams Phishing 88

PYMNTS

JANUARY 20, 2017

In this week’s Hacker Tracker , Radware shares its global cybersecurity research on what’s really motivating cybercriminals, a Gmail phishing attack targets savvy users and the U.S.’s In many cases, experienced or tech savvy users can spot a phishing email scam from a mile away. Money On The (Cybercriminal) Brain.

Phishing 45

Phishing Ransomware EMV CHIPS 45

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

Fintech Finance

OCTOBER 24, 2024

The rise of authentication bypass scams: Looking for a way to get around two-factor authentication, fraudsters are doubling down on one-time-password phishing scams, which allow criminals access to full account funds and information via increasingly convincing texts, emails or phone calls. Although there was an overall decrease of 12.3%

Scams 98

Scams Ransomware Government Governance 98

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

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

VISTA InfoSec

JANUARY 29, 2024

Users are protected against phishing attacks through anti-phishing mechanisms. This includes viruses, worms, Trojans, spyware, ransomware, keyloggers, rootkits, and malicious code, scripts, and links. This is to ascertain whether these systems continue to not necessitate anti-virus software. evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. This rapid response minimises damage and ensures business continuity. Furthermore, continuous authentication systems powered by AI monitor user behaviour, offering an additional layer of security.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

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

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. million, thanks to a phishing scam. 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 7, 2018

A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It And not all criminal threats related to GDPR — or the PSD2 , another major European regulation for digital activity — will involve phishing attempts. All that back-and-forth results in all those notices. “A

Phishing 43

Phishing Scams Regulations Rules 43

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. The most common threat that you might already be aware of is phishing scams. The aim of such scams is to steal sensitive information, from personal to financial data.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

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

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

The Fintech Times

NOVEMBER 20, 2024

Generative AI (GenAI) is being used to create sophisticated digital forgery and injection attacks through well known methods like phishing, fraud and ransomware. Classical fraud tactics, like phishing, are relatively easy to discern, although they do continue to show some success. per cent of attacks globally).

Deepfake 69

Deepfake Phishing Account Takeovers Scams 69

PYMNTS

DECEMBER 16, 2019

Recent reports in The Seattle Times warned that during the holidays, scammers are increasingly targeting small businesses with phishing email attacks pretending to be an executive or boss, requesting that an employee procure gift cards. 60 percent more ransomware attacks were recorded this year , new data from Kaspersky Labs found.

Ransomware 59

Ransomware Cross-Border Cross-Border Payments Payroll 59

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

VISTA InfoSec

NOVEMBER 7, 2023

This reduction of the “single-factor” risk is critical in an era when cyber threats are growing daily, including: Phishing attacks : Cybercriminals trick users into revealing sensitive information, often by posing as trustworthy entities. In both instances, the lack of a second authentication method leaves an exposed vulnerability.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

APRIL 29, 2016

The annual study found that hackers are continuing to rely on attack methods such as phishing and ransomware , both of which enable them to capitalize on the element of human error. Roughly 30 percent of phishing messages were opened, which Verizon noted as an “alarming” number, marking a 23 percent increase compared to 2015.

Phishing 44

Phishing Data Breach Law Enforcement Ransomware 44

The Fintech Times

AUGUST 14, 2024

Meanwhile, ransomware (63 per cent) and phishing/social engineering attacks (61 per cent) also continue to be methods used by criminals. Interestingly, deepfakes were not the most prevalent concern but tied for third place with phishing, with 61 per cent.

Deepfake 76

Deepfake AI Phishing Ransomware 76

PYMNTS

AUGUST 27, 2019

Advanced security keeps you from accidentally accessing millions of sites associated with harmful content, like malware, ransomware and phishing attacks.”. In addition, eero Secure+ — previously eero Plus — is still available and includes all eero Secure features combined with a password manager, endpoint antivirus and a VPN.

Security 59

Security Ransomware Phishing Blocks 59

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

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

Scams 63

Scams Automation Phishing Email Compromise 63

PYMNTS

AUGUST 13, 2019

In Arlington County, Virginia, government payroll systems were targeted in a phishing attack in July despite the county allocating $60,000 to educate government employees on how to spot and avoid a phishing scam email. Similar cases are arising in the private sector, too.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

PYMNTS

SEPTEMBER 9, 2020

Bitdefender also said worldwide ransomware reports have surged by 715.08 The cybersecurity firm said a rise in malware, phishing and scams throughout every platform and attack vector appears to have been directly brought about by online criminals harnessing pandemic-related issues to take advantage of misinformation and worry.

Ransomware 52

Ransomware Phishing Cybersecurity Scams 52