PYMNTS

DECEMBER 22, 2016

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. That’s despite 80 percent of CEOs expressing confidence in existing cybersecurity strategies. companies’ cybersecurity measures.

Cybersecurity

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

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

VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Brute force attacks : Cyber attackers use trial-and-error methods to guess login credentials, exploiting weak passwords. System verification : The system checks the entered credentials.

Authentication

PYMNTS

SEPTEMBER 30, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — told Karen Webster that cybersecurity threats to institutions and enterprises exist at several levels. Unseen and possibly unknown.

Cybersecurity

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

Cybersecurity

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

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

PYMNTS

NOVEMBER 25, 2016

To combat this, hackers are looking to gain access to sensitive information by taking a much easier route: using legitimate credentials to go right inside. The bad guys realize that we’re getting better at locking the doors, so they have to go after the keys, and really, that’s what those user credentials are.”.

Cybersecurity

PYMNTS

OCTOBER 15, 2018

AG Frosh’s warning pertained to a specific small-business cybersecurity threat. 133,000: the average cost of a ransomware attack on a small business. Cyberattackers may send ransomware via email with links that will lock out a device owner’s access to files when that link is clicked.

Ransomware

The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. The post 91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports appeared first on The Fintech Times.

Phishing

PYMNTS

MAY 17, 2017

If you’re one of the many, many companies recently targeted by WannaCry , you’ve just been handed a harsh reality check in the importance of enterprise cybersecurity. Maybe you had ignored previous warnings or felt cybersecurity technology was unnecessary. Or maybe you actually had cybersecurity measures in place that failed.

Cybersecurity

PYMNTS

JUNE 25, 2020

There were also nine times more ransomware attacks within the same time frame. Deep Dive: The Cybersecurity Threats Facing Open Banking. One popular target for cybercrime is debit and credit cards as the pandemic leaves customers uncertain about their financial futures. million in losses and a median loss of $459 per incident.

Financial Crimes

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 The dubious sign-in page looks authentic but steals credential information and passes it directly to the cybercriminals. Gmail Users Get Fooled.

Phishing

PYMNTS

AUGUST 8, 2018

Warnings from the Federal Bureau of Investigation have enterprises worried about cybersecurity — specifically, concerns about ransomware attacks. Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. Compare that to ransomware, which made up just 11 percent.

Ransomware

PYMNTS

MAY 29, 2019

Its designer, Guo O Dong, describes himself as a “contemporary internet artist,” and he created the artwork with cybersecurity company Deep Instinct , which provided the malware and supervised the work so it was created in a safe environment. The laptop is a 2008 Samsung NC10-14GB 10.2-Inch Inch Blue Netbook running Windows XP.

Data Breach

Finovate

JUNE 10, 2024

Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding. In a round led by CIBC Innovation Banking, Texas-based cybersecurity company SpyCloud has secured $35 million in growth funding. SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York. SpyCloud recaptured nearly 1.8

Account Takeovers

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The company commissioned Spiceworks to survey 600 security and IT leaders about their biggest concerns and areas of focus in supply chain cybersecurity. million business email compromise scam.

Data Breach

PYMNTS

AUGUST 15, 2017

Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based based Kryptos Logic, was arrested earlier this month in Las Vegas for building and selling malicious code known as “Kronos,” which was used to hack into and steal banking credentials between July 2014 and 2015. On Monday (Aug. 14), the U.K.

Law Enforcement

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. This comes to approximately one hack every 39 seconds, and affects a wide range of businesses and customers. million per breach.

Phishing

PYMNTS

MARCH 26, 2020

As fraudsters collect thousands of stolen credentials like login names and passwords, they try to use bots to validate if what they’ve captured [is] correct or not,” Valipireddy noted. Fraudsters typically have two options if successful: They use the stolen credentials themselves or sell them on a dark web marketplace.

Bots

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. Of course, for retailers, combating fraud is complicated that just beefing up cybersecurity protections. Ransomware, Cyberespionage On The Rise.

Breach

PYMNTS

APRIL 21, 2020

For bigger scores like financial institutions (FIs) and online merchants, scammers are using ransomware, account takeovers (ATO), phishing and other malicious means to shake down companies already reeling from disruptions.

Scams

EBizCharge

OCTOBER 25, 2023

Malware attacks, such as ransomware and viruses, infect systems through malicious software or email attachments. Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Threat actors employ various methods and techniques to execute data breaches.

Data Breach

The Fintech Times

JULY 30, 2024

Other key findings in the 2024 Cost of a Data Breach Report At 16 per cent, stolen/compromised credentials was the most common initial attack vector. By bringing in law enforcement, ransomware victims saved on average nearly $1million in breach costs compared to those who didn’t – that savings excludes the ransom payment for those that paid.

Data Breach

PYMNTS

MARCH 3, 2020

Phishing attacks and ransomware are also popular, with the former now constituting 30 percent of all fraud attempts and the latter hitting more than 50 municipalities during the first half of 2019.”. These services are] a great way to help protect your employees from attackers coming through with leaked credentials or passwords.”.

Federal Trade Commission

CB Insights

JANUARY 4, 2018

Insurance Australia Group previously invested in cybersecurity threat rating startup UpGuard. Meanwhile, cybersecurity rating startup BitSight partnered with AXIS Pro in October 2016 to provide certain AXIS policyholders with BitSight security ratings for no additional premium and the option to request trial access to BitSight’s platform.

Underwriting

PYMNTS

JUNE 1, 2017

WannaCry meant big bucks for cybersecurity companies. The cybersecurity event that dominated headlines for days last month led to significant share spikes for top cybersecurity companies like FireEye and Sophos. Or, you may just recognize the name because cybersecurity companies are top-of-mind for many professionals lately.

Cybersecurity

PYMNTS

MARCH 24, 2017

It’s been an interesting week when it comes to Apple’s cybersecurity news. In this week’s Hacker Tracker , cybersecurity experts weigh in on what may or may not impact hundreds of millions of Apple customers. This is a highly likely scenario.

Credential

PYMNTS

OCTOBER 18, 2017

Cybersecurity threats are burdening small and large businesses (SMBs) alike. Research from The Forrester Wave found that 80 percent of data breaches at SMBs are the result of abuse or misuse of privileged credentials. Corporate fraud is at new highs.

Cybersecurity

The Fintech Times

FEBRUARY 16, 2025

With 2024 proving to be yet another year of increased levels of fraud and cyberattacks, cybersecurity and data protection firm, Acronis , reveals that the last six months of the year saw a staggering 197 per cent increase for email cyberattacks, when compared to H2 2023. per cent) of all emails received in H2 2024 were spam, with 1.4

MSPS