PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. We wish to inform our valued customers that we are investigating a potential security breach.

Ransomware 110

Ransomware FinTech Breach Cybersecurity 110

PYMNTS

MARCH 26, 2020

Cybersecurity insurance company Chubb , which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.”

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

Fintech Review

APRIL 20, 2025

This is where cybertech comes in, the application of advanced cybersecurity technologies to protect digital finance. Cybertech sits at the intersection of cybersecurity and fintech. It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption.

Finance 59

Finance Security Fraud Detection Encryption 59

PYMNTS

APRIL 12, 2019

Nearly one year since GDPR came into effect, there remain uncertainties about issues like accountability in cases of data breaches at data sharing partners. Clearly, the threat of a data breach remains strong, and Norton warned it will persist as other jurisdictions begin to implement their own data protection rules.

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

PYMNTS

NOVEMBER 28, 2018

Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

PYMNTS

JULY 30, 2019

Most recently, a string of ransomware attacks hit local government entities that ultimately decided to pay off the attackers to regain access to computers. Analysts warned that local and state-level governments, much like small businesses, often lack the sophisticated cybersecurity technology required to avoid such attacks in the first place.

Data Breach 64

Data Breach Small Business Breach Ransomware 64

VISTA InfoSec

AUGUST 8, 2023

But a cybersecurity report shows that 43% of data breaches involve small businesses. In essence, small businesses that ignore cybersecurity only do so at their own peril. Some effects of cybersecurity on your business include: Stealing stored data such as credit card details.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. These extra-strict access controls reduce a company’s risk of data breaches and other costly security issues. How Will a ZTNA Solution Benefit Your Company?

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Micro-Entry Data Breach Breach Cybersecurity 162

Fintech News

MAY 1, 2025

Data from Verizon Businesss 2025 Data Breach Investigations Report reveal that system intrusion has risen considerably over the past four years, escalating to become the dominant threat pattern across APAC. In 2024, malware accounted for 83% of breaches, up 25 points from 58% in 2023.

APACS 83

APACS Data Breach Breach Ransomware 83

PYMNTS

OCTOBER 12, 2020

With over 5,000 cybersecurity vendors in the U.S. But that problem could be a thing of the past thanks to the launch of the world’s first B2B cybersecurity marketplace that enables buyers to easily search, compare pricing and purchase the right IT solution in one place.

Cybersecurity 83

Cybersecurity B2B Email Compromise Business Email Compromise 83

Fintech News

JUNE 3, 2024

Despite its rapid growth, the APAC region remains the second smallest cyber insurance market globally, S&P Global says, a statement that aligns with findings of a Moody’s survey which revealed strong cybersecurity oversight among APAC players compared to global counterparts. trillion annually by 2025.

Ransomware 109

Ransomware APACS Cybersecurity AI 109

PYMNTS

AUGUST 12, 2019

Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. Ransomware groups tend to target people in the Anglosphere, who are seen as able to pay and deserving of what they get. The full financial cost of a data breach can last two or three years.

Ransomware 72

Ransomware Data Breach On-Demand Service Provider 72

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. “Affected customers have already been informed by Orange teams, and Orange continues to monitor and investigate this breach.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

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. Meanwhile, 20 percent cited a lost device for the cause of a breach. companies’ cybersecurity measures.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Already this year, at least 30 organizations — including coffee chain Dunkin’ and cloud provider Rubrik — experienced major data breaches. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

APRIL 29, 2019

To those who understand the importance of cybersecurity, and the monumental risks that growing cyberthreats impose on organizations, safeguarding systems and data may be assumed to go hand in hand with digital transformation. ” Taking Action. ” Taking Action. They’re reusing the same passwords.

Cybersecurity 74

Cybersecurity Ransomware Data Breach Non-Bank 74

PYMNTS

DECEMBER 7, 2018

PYMNTS recently caught up with Gula to learn more about reports of hackers stealing NSA’s own hacking tools, and to learn more about how payments and commerce players should focus their own cybersecurity efforts in 2019. For instance, an effort to encrypt data will fail if the data collection process is full of holes that hackers can exploit.

Cybersecurity 96

Cybersecurity Payments Privacy Breach 96

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

DECEMBER 23, 2019

Mastercard is purchasing artificial intelligence (AI) and analytics startup RiskRecon to accelerate the development of cybersecurity solutions, Mastercard announced on Tuesday (Dec. Cyberattacks have become a critical issue for companies of all sizes and a threat to privacy and data security.

Cybersecurity 55

Cybersecurity Visa Ransomware Data Breach 55

VISTA InfoSec

SEPTEMBER 5, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security cant be emphasized enough. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

The importance of cyber security for SMEs As small and medium enterprises (SMEs) often become prime targets for cyber attacks, resulting in significant financial losses and data breaches, the importance of cyber security can’t be emphasized enough. What are the most common cyber security threats for SMEs?

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

SEPTEMBER 19, 2016

More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls. Health care companies are indeed concerned, but some may feel paralyzed as to what to do about it, including how to encrypt data.

Data Breach 79

Data Breach Breach Cybersecurity Ransomware 79

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

APRIL 28, 2017

Ransomware incidents have risen 50 percent over the last year according to Verizon, who just recently released the 2017 edition of their Data Breach Investigations Report detailing the latest trends and information on cybersecurity threats. Here are some of the key data points.

Ransomware 46

Ransomware Data Breach Breach Cybersecurity 46

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

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

Data Breach 59

Data Breach Breach AI Law Enforcement 59

FICO

OCTOBER 18, 2016

Now, in conjunction with National Cybersecurity Awareness Month , FICO is launching the new FICO® Enterprise Security Score (ESS), a metric that quantifies the vulnerability of an organization to cyber attack. Cybersecurity has emerged as the most critical issue for today’s enterprises. Because it matters. appeared first on FICO.

Cybersecurity 96

Cybersecurity Assessments Ransomware Data Breach 96

The Paypers

APRIL 12, 2018

(The Paypers) Ransomware attacks are a key cybersecurity threat for global organizations, has warned Verizon’s 2018 Data Breach Investigations Report (DBIR).

Ransomware 39

Ransomware Data Breach Cybersecurity Breach 39

PYMNTS

JUNE 4, 2018

Furthermore, AIG found that more than a quarter – 26 percent – of cyber claims in 2017 cited ransomware as the primary cause of loss, compared to only 16 percent between 2013 and 2016. The news comes about a year after a major ransomware attack affected more than 200,000 computers in 150 countries across the globe.

Data Breach 43

Data Breach Ransomware Breach Cybersecurity 43

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

PYMNTS

DECEMBER 13, 2020

Reuters quoted a Commerce Department spokesman as having stated: "We have asked the Cybersecurity and Infrastructure Security Agency and the FBI to investigate, and we cannot comment further at this time.". Its operators also have filched industrial data and hacked foreign ministries.".

Treasury 108

Treasury Request for Comment FBI Governance 108

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. But all the money in the world to secure an organization’s back office won’t necessarily help safeguard all company data. million business email compromise scam.

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

MAY 13, 2019

Wolters Kluwer , which fell victim to a malware attack last week, sent a “quiet panic” through the accounting industry, with clients unable to access data and do their jobs. 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.

Cross-Border 51

Cross-Border Data Breach Ransomware Breach 51

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. The warning coincided with separate reports related to Google and cybersecurity. Taking into account the estimated 30.2

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

SEPTEMBER 11, 2018

11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. Last week, British Airways announced that it was hit by a customer data breach on its website and mobile app, affecting around 380,000 card payments. The airline told CNBC that the breach took place from Aug.

Research 74

Research Data Breach Breach Credit Cards 74