PYMNTS

OCTOBER 13, 2020

In other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. The group said that ransomware incidents against banks, medical centers, educational institutions and other “critical infrastructure” in G7 nations has been increasing in scope, complexity and commonness.

Ransomware

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. Asia has been both a target and a base for cybercriminals engaging in ransomware operations.

Crime

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

PYMNTS

JULY 28, 2017

With ransomware cyberattacks raging, companies and individuals have paid out more than $25 million during the course of the last two years in an effort to get their data back from hackers. The victims are usually forced to pay via cryptocurrency to get their data back and have a small timeframe to do so.

Ransomware

PYMNTS

AUGUST 21, 2018

organizations fall victim to ransomware attacks every minute — and more than $1 million is lost each minute due to cybercrime. ” The report found that cybercrime costs businesses $600 billion each year, with ransomware specifically costing corporations $8 billion per year, or more than $15,000 per minute. . The data also showed.17

Ransomware

FICO

DECEMBER 23, 2020

We predict a continued expansion in the use of AI/machine learning in financial services in such key risk areas as cybersecurity, customer onboarding, sanctions screening, transaction monitoring, etc. There Will Be More Ransomware Attacks and Potential Sanctions Risk Implications. Regulators Will Zero in on Closing the Gaps.

Financial Crimes

PYMNTS

DECEMBER 1, 2020

Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. The bank is working with J.P. Dos Santos, citizen of the U.S.

Bitcoin

PYMNTS

JANUARY 23, 2020

Cryptocurrency went from dark-web danger to high-tech investment opportunity seemingly overnight, and, as more consumers seek to use digital currency, more businesses are stepping into the space. The adoption of cryptocurrency among small- and medium-sized businesses (SMBs) may be larger than one might think.

Ransomware

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible.

Ransomware

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

OCTOBER 12, 2020

The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumer protection, privacy, taxation or cybersecurity.”.

Regulations

PYMNTS

MARCH 31, 2017

It can be difficult to know how to handle cybercriminals and their malicious attacks, especially when many people don’t have a foundational knowledge on what cybersecurity is all about. Cybersecurity Knowledge Put to the Test. Want to know how much Americans actually know about cybersecurity? The answer … not much.

Bitcoin

The Fintech Times

NOVEMBER 20, 2024

However, it is unfortunately being used by both sides as AI-assisted fraud is growing more frequent and more sophisticated according to a new report from the think tank that provides insights to help organizations protect themselves, adapt, and grow, The Entrust Cybersecurity Institute. per cent of attacks globally). per cent).

Deepfake

Finovate

APRIL 3, 2024

On December 13, 2022, Samuel Bankman-Fried, founder and CEO of international cryptocurrency exchange FTX, was charged with two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering. Since then, cryptocurrencies in general and bitcoin in specific, have been on a tear.

Bitcoin

PYMNTS

JULY 7, 2017

The attack saw a ransom of $300 in cryptocurrency demanded from corporates to unlock their computers. Similarly, Android recently came under attack again with the CopyCat ransomware sneaking into people’s devices. At the time Petya hit, the consumer goods company was in the process of improving its cybersecurity systems.

Ransomware

PYMNTS

AUGUST 18, 2020

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange.

Blockchain

PYMNTS

MAY 19, 2017

Though the price of bitcoin has recovered since, it’ll be harder to overcome this hit to the cryptocurrency’s already ailing repute among financial institutions, regulatory bodies and global governments. Those well-versed in the cryptocurrency space know that bitcoin, while hard to track, is far from completely anonymous.

Bitcoin

PYMNTS

FEBRUARY 23, 2019

Because, as it turns out, Venmo might just be able to help cure a broken heart (or make one worse), the big bitcoin price drop might have been a boon for cybersecurity, and Girl Scout cookies might just be the reason you see more healthy eating options advertised over the next few weeks. The reason?

Venmo

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

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. Nonetheless, if the claim is true, it could result in greater impacts than many have initially anticipated.

Credential

PYMNTS

JUNE 21, 2019

In Florida, The New York Times reported on Thursday (June 20), government officials of Riviera Beach voted to pay nearly $600,000 worth of ransom to hackers, just weeks after Baltimore paid $18 million for a similarly crippling ransomware cyberattack against government systems. ” Australia’s SMB Scam Surge.

Governance

PYMNTS

AUGUST 21, 2017

AlphaBay and Hansa Market were exclusive marketplaces where criminals could transact anonymously behind the scrims of special software called Tor and the hard-to-trace blockchains that power cryptocurrencies like bitcoin. The takedown has sown chaos into that community, with criminals unsure where to turn and who to trust.

Law Enforcement

Tearsheet

FEBRUARY 8, 2024

We also touched on China’s CBDC prevalence versus US interest in cryptocurrencies. While CBDC transactions offer benefits, how are cybersecurity issues such as data protection, espionage, and financial stability addressed? The issue of which is preferable in the US is murkier.

CBDC

PYMNTS

JUNE 8, 2018

To make these thefts possible, some criminals are turning to tools on the dark web: Cybersecurity company Carbon Black said there are around 12,000 marketplaces related to cryptotheft — a nd malware, which can come as low as $1.04, is bundled with customer service at times.

Bitcoin

Fintech News

DECEMBER 19, 2024

Dark web discussions around crypto-drainers – malware designed to swiftly empty cryptocurrency wallets – have significantly risen in 2024, according to global cybersecurity company Kaspersky. Ransomware groups may fragment into smaller, more agile units, making them harder to track and counter.

Ransomware