PYMNTS

OCTOBER 29, 2020

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. According to the alert, “malicious cyber actors” are targeting the sector with Trickbot malware, which is typically a precursor to ransomware attacks and data theft. hospitals and healthcare providers.”.

Ransomware 56

Ransomware FBI Cybersecurity Credential 56

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

OCTOBER 5, 2020

Microsoft said that the most typical reason for its “incident response engagements” from October of last year to July of this year was ransomware. 140 is the minimum number of victim entities that the Sodinokibi variety of ransomware has claimed as of the time it came to the surface in April of last year, ZDNet reported.

Ransomware 54

Ransomware AFP Breach Payments 54

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 116

Business Email Compromise Addressing Scams Ransomware 116

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

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. Within the category, ransomware accounted for 51% of breaches, reinforcing its profitability as a favored tool among cybercriminals.

APACS 74

APACS Data Breach Breach Ransomware 74

The Paypers

JANUARY 15, 2019

(The Paypers) MalwareHunterTeam have discovered a new ransomware that not only encrypts users’ files, but also tries to steal their PayPal credentials with an included phishing page.

Ransomware 28

Ransomware Phishing Credential PayPal 28

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 84

Cybersecurity Credential Compromise Ransomware 84

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 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

VISTA InfoSec

NOVEMBER 7, 2023

Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. 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 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

OCTOBER 15, 2018

In 2017, 66,000 online banking malware attacks targeted small businesses , SCORE said, explaining that this type of malware, once unleashed on a computer, is able to obtain online banking login credentials and credit card information when a user logs into their account. 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

JANUARY 20, 2017

Last year saw a significant surge in the number of extortion threats, with the majority (56 percent) of the 600 organizations surveyed by Radware admitting that they have fallen victim to a cyber ransom attack and 41 percent identifying ransomware as the biggest cyber threat. Gmail Users Get Fooled.

Phishing 45

Phishing Ransomware EMV CHIPS 45

The Fintech Times

FEBRUARY 9, 2024

Managed service providers (MSPs) should prepare themselves for threats unique to their operations, including ‘island hopping’, in which attackers use an MSP’s infrastructure to attack clients, as well as ‘credential stuffing’, which exploits an MSP’s broad access to systems.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

JUNE 25, 2020

There were also nine times more ransomware attacks within the same time frame. The APIs that fuel open banking can often be vulnerable to cybercrime, however, with fraudsters deploying credential abuse, digital signature impersonation and a diverse host of other techniques against them.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

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 76

Cybersecurity Credential Security Ransomware 76

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 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

SEPTEMBER 21, 2018

The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. With those credentials in hand, the cybercriminal can access payroll accounts and subsequently change bank account information. Across The Pond.

Payroll 56

Payroll FBI ACH Same Day ACH 56

The Payments Association

JUNE 11, 2025

The recent wave of cyberattacks and ransomware highlights the need to strengthen defences now rather than become the victim of an attack." Additionally, the sharing of data, both internally and on a federated, industry-wide basis, will be key to winning the war on financial crime. million.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

PYMNTS

JULY 20, 2016

What used to be a constant stream of messages touting fake Rolex watches, male enhancement pills and pornography has now become a 24/7 deluge of ransomware, spyware, phishing, and other malware,” AppRiver said in its second quarter security report. “While spam email traffic is leveling off, email traffic has never been more dangerous.

Ransomware 41

Ransomware Phishing Credential Encryption 41

PYMNTS

DECEMBER 22, 2016

But there are other areas breaches can occur: IT security firm Gemalto found that 68 percent of IT professionals said they would be OK with having employees use their own social media credentials to access company systems. All of this data has flowed in as IBM Security reports another reason to be concerned about U.S.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

Finovate

JUNE 10, 2024

The company’s platform scans and analyzes data from breaches, devices infected with malware, and the dark web to find employee login credentials that have been exposed. ” To this end, the report indicates that there is plenty that individuals can do to make it harder for them to be the victim of stolen credentials.

Account Takeovers 59

Account Takeovers Credential Cybersecurity Breach 59

PYMNTS

MAY 23, 2017

Earlier this month, corporations and organizations from hospitals to railroads in six continents were stopped in their tracks as the result of a ransomware attack, and the news was filled last year with reports of breaches impacting everyone from Target to Hillary Clinton. Taking Human Error Out of the Authentication Equation.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

PYMNTS

MAY 29, 2019

billion in damages in its first week; MyDoom, which was reportedly commissioned in Russia; SoBig, which has infected PCs in the hundreds of thousands; WannaCry, a ransomware; Dark Tequila, which stole bank credentials when users were offline; and Black Energy, which was responsible for the major blackout in the Ukraine in 2015.

Data Breach 51

Data Breach Cybersecurity Breach Ransomware 51

PYMNTS

OCTOBER 24, 2016

Wigle said it can be as simple as identifying the large-volume shippers and manufacturers of the devices they want to target, tracking down the manual and counting on the fact that most people don’t update their username and password from the default credentials.

Ransomware 77

Ransomware Security Volume Bots 77

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 56

Bots Ransomware Blocks Credential 56

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 63

Scams Automation Phishing Email Compromise 63

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. As reported by Wired, the malware, tied to malicious links, would use keyloggers to access passwords or would create “fake banking pages” that induced victims to enter credentials.

Treasury 52

Treasury Wires Wire Credential 52

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. As reported by Wired, the malware, tied to malicious links, would use keyloggers to access passwords or would create “fake banking pages” that induced victims to enter credentials.

Treasury 52

Treasury Wires Wire Credential 52

PYMNTS

SEPTEMBER 30, 2019

There are, of course, individuals who want to steal money, find financial information and steal credentials, he said. As he noted, North Korea, acting as a singular cyberthreat, will do what it can to gain access to and compromise the credentials of foreign organizations with money ­— and, in turn, gain access to that money, of course.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

PYMNTS

APRIL 14, 2016

While five years ago the only way to make money off of illicit access to data was by funneling personalized health information or credit card numbers through back-channel and black market deals, the rise of ransomware provides a self-sufficient cottage industry for the entrepreneurial data thief.

Security 40

Security Ransomware Credential Encryption 40

PYMNTS

MAY 24, 2017

A ransomware attack, committed on a piece of malware called WannaCry or Wanna Decryptor, infected computers in more than 100 countries, all told. When they investigate this latest ransomware attack and how it got started, ultimately it’s malware that somehow got on the device,” he said. No Password, No Cry? . McDowell explained.

Authentication 40

Authentication Credential Ransomware Phishing 40

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.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

AUGUST 15, 2017

-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. The Kronos malware was distributed as an email attachment. On Monday (Aug. 14), the U.K. Hutchins, then just an anonymous U.K.

Law Enforcement 44

Law Enforcement Cybersecurity FBI Ransomware 44

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 59

Data Breach Breach AI Law Enforcement 59

PYMNTS

JUNE 6, 2019

NSA is concerned that malicious cyber actors will use the vulnerability in ransomware, and exploit kits containing other known exploits, increasing capabilities against other unpatched systems,” the NSA added. . “It is likely only a matter of time before remote exploitation code is widely available for this vulnerability.

Ransomware 40

Ransomware Best Practices Authentication Credential 40

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 53

Federal Trade Commission FTC Account Takeovers Ransomware 53

PYMNTS

MAY 2, 2019

Researchers pointed to three recent cyber events that made headlines, including Not Petya ransomware that used accounting software company MeDoc to spread its attack. The report also pointed to data stolen from law firms and cyberattackers’ ability to use that information to obtain employee credentials about pending deals.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55