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.

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APACS Data Breach Breach Ransomware 90

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result? million in losses for victims.

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VISTA InfoSec

NOVEMBER 7, 2023

What is Cybersecurity? Put simply, cybersecurity is any security system that protects our digital assets. Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key.

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PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

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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.

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Ransomware Online and Mobile Banking Small Business Scams 77

The Finance Weekly

DECEMBER 30, 2021

Business intelligence, data security, and and has proved particularly effective for finance departments, given the recent powerful innovations in finance technologies. Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist?

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Technology MSPS Small Business Data Security 130

PYMNTS

MAY 5, 2016

FBI Cyber Division Assistant Director James Trainor is telling businesses that, though ransomware attacks are on the rise, it’s best not to pay hackers when the situation arises. Though WSJ said Trainor expressed his sympathies to those companies that do become victims of ransomware attacks, paying the ransom only serves as an incentive.

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PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district.

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PYMNTS

MAY 15, 2017

The news that hit Friday afternoon that malware and ransomware were racing across the globe at a breakneck pace, infecting computers at companies across verticals and causing havoc, brought cybersecurity to top of mind, yet again. . Now third-party firms are interacting directly with other companies across data-intensive processes.

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PYMNTS

AUGUST 2, 2017

A British security researcher demonstrated how he — or anyone — could install malware on an older Echo device (sold before 2017) to stream audio from the hacked device to his remote server. The data security flaw has been addressed in more recent versions of the Amazon Echo, Amazon told Wired in a news report.

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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.

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PYMNTS

SEPTEMBER 14, 2020

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware of the issue until about three months later. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136.

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The Fintech Times

APRIL 22, 2024

In 62 per cent of smartphone theft cases, businesses face severe financial and cybersecurity risks. Despite company efforts, lax PIN hygiene and open apps on stolen devices pose serious threats, including account takeover and ransomware attacks.

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Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

VISTA InfoSec

JANUARY 29, 2024

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). We’ve been journeying through the various requirements of this critical security standard, and today, we’re moving forward to explore Requirement 5 of PCI DSS v4.0. Note this post serves as a general guide, not professional advice.

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PYMNTS

JULY 3, 2019

Walker said Inworks is exploring the opportunity of API integrations between accounts payable and health information systems like MEDITECH, which enable hospitals and other healthcare providers to manage their data and remain compliant with HIPPA and other data security regulations.

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CB Insights

AUGUST 1, 2018

CYBERSECURITY IS A PRIORITY. One paradox of IIoT is that factories bear significant downside risk, yet are barely investing in protection: 28% of the manufacturers in a recent survey said they saw a loss of revenue due to cybersecurity attacks in the past year, but only 30% of executives said they’ll increase IT spend.

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The Fintech Times

JULY 30, 2024

SIEM, SOAR and EDR), identity and access management and data security protection tools. Lost business and post-breach customer and third-party response costs drove the year-over-year cost spike, as the collateral damage from data breaches has only intensified.

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PYMNTS

NOVEMBER 15, 2017

It may be because of compliance requirements, or it may be because an enterprise needs to migrate data from their public to private infrastructure, or vise versa. Corrupt data or ransomware, he said, mean enterprises will need a sort of “time machine” to recover and restore data and return to an app in a specific moment in time.

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Segpay

JUNE 13, 2024

million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments. This underscores why businesses must implement robust cybersecurity measures to guarantee secured transactions in this digital landscape. The Travelex ransomware attack. million ransom.

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CB Insights

APRIL 7, 2018

Going forward, we can expect more blockchain projects to build supply chain management (SCM) software, handle machine-to-machine (M2M) communication and payments, and promote cybersecurity by keeping a company’s data footprint smaller. Operations technology: Monitoring & machine data. Cybersecurity is a priority.

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Technology Blockchain On-Demand Automation 78

PYMNTS

APRIL 30, 2018

Understanding that the brave new world of connectivity also creates a set of challenges, the European Commission has begun outlining guidelines for companies in the space and promoting heightened cybersecurity to keep citizens’ personal data safe. GDPR requires that all businesses take a risk-based approach to handling personal data.

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PYMNTS

JULY 13, 2018

ThreatConnect , which offers what it has termed “extensible, intelligence driven solutions,” released a survey this week, titled “Building a Threat Intelligence Program” that sees progress being made even against a backdrop of increasing data security threats. Those companies, overall, according to the ThreatConnect study, saved $8.8

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