PYMNTS

SEPTEMBER 13, 2018

Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016.

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Ransomware Small Business Research Returns 67

PYMNTS

DECEMBER 28, 2020

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. .

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Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

The Fintech Times

AUGUST 6, 2024

After Ransomware surpassed a record $1billion in payouts last year, ExtraHop , a cloud-native network detection and response (NDR) firm, has released its global ransomware trends report, a data-driven analysis of ransomware impacts across geographies, industries, and organisations of different sizes.

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Ransomware Cybersecurity Risk Government 64

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.

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Ransomware APACS Cybersecurity AI 109

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. That is still true, at least to an extent, according to new PYMNTS research. You just need two or three insiders.”.

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Cybersecurity Payments Breach Privacy 96

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Predictions within the report suggest that this type of fraud will become even more prevalent than ransomware in 2025.

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Deepfake Account Takeovers Identity Theft Scams 81

PYMNTS

APRIL 12, 2019

What’s clear is that GDPR intends to protect data, and researchers have already found a correlation between GDPR-compliant businesses and lower rates of data breaches – perhaps the result of organizations’ prioritizing and investing more in cybersecurity and data protection initiatives to become compliant.

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Cybersecurity Data Breach Breach Legal Framework 77

PYMNTS

DECEMBER 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. Kaspersky researchers studied 174 municipal institutions and their 3,000 subset organizations that were targeted in 2019.

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Ransomware Cybersecurity Phishing Audit 52

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.

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Ransomware End User Crime Authentication 62

PYMNTS

DECEMBER 5, 2017

When a company is hit by ransomware, the cost of paying the ransom is rarely, if ever, the full cost of the cyberattack. And while most said they acknowledged ransomware as a significant threat, less than half said they were confident they would be able to deal with a ransomware attack.

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Ransomware Small Business Cybersecurity Addressing 50

The Fintech Times

AUGUST 28, 2024

In the last year, over 80 per cent of organisations have experienced at least one ransomware attack according to research from Onapsis , the application security firm. “The research is also very clear in that generic security solutions on the market are falling short.

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Ransomware Security Cybersecurity Research 59

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

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Cybersecurity Encryption Data Breach Breach 76

PYMNTS

SEPTEMBER 11, 2018

According to reports , Yonathan Klijnsma, a threat researcher at RiskIQ, told the outlet that the same group of hackers that breached Ticketmaster may be behind the attack at British Airways, in which more than 380,000 credit cards were compromised. RiskIQ, the security firm, told outlets on Tuesday (Sept.

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Research Data Breach Breach Credit Cards 74

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.

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Ransomware Data Security Data Breach Breach 115

PYMNTS

JUNE 2, 2017

Symantec, a cybersecurity firm that specializes in research and cloud-based security, released new insights surrounding financial malware and ransomware in its latest Internet Security Threat Report (ISTR). times more widespread, compared to ransomware. times more widespread, compared to ransomware.

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Ransomware Online and Mobile Banking Cybersecurity Authentication 46

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.

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Cybersecurity Visa Data Breach Small Business 56

PYMNTS

AUGUST 19, 2016

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. Researchers at U.K. The survey also revealed other concerns regarding corporate cybersecurity measures.

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Ransomware Bitcoin FBI Encryption 43

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 researchers contend it has become a profitable method of cybercrime for hackers and is one that will likely be around for a while.

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Ransomware Cybersecurity Breach Research 40

PYMNTS

OCTOBER 19, 2020

"To make sure that the malicious code is executed from Cmmlib.dll, the malware's author copied the real export list of that legitimate DLL but made sure to modify it and have all the functions direct to the same address — the malicious code's address space," IBM security researchers Chen Nahman, Ofir Ozer, and Limor Kessem told ZDNet.

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Ransomware FBI Phishing Treasury 123

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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Ransomware Bitcoin Law Enforcement FBI 0

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.

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Ransomware Data Breach Breach Cybersecurity 46

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. The Bad Actors.

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Cybersecurity Credential Encryption Phishing 65

PYMNTS

JANUARY 13, 2017

A new ransomware variant dubbed Spora was recently spotted and, because of its advanced features, can cause problems for the solutions that are designed to protect against the ransomware. I expect other ransomware suites to follow suit, as this is a big step forward for the attackers,” said Intel. Governments are also victims.

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Ransomware Encryption Scams Research 41

PYMNTS

MAY 21, 2018

New research from the NTT Security 2018 Global Threat Intelligence Report, released last week by Dimension Data , found a sharp increase in ransomware attacks aimed at supply chains last year. Researchers noted that collaborative connections between educational institutions, students and campuses make the sector a prime target.

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Ransomware Research Accounts Government 42

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. ” Beazley researchers found that the mean for ransomware attack demands was $10,310, though one incident saw a demand for $8.5

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Ransomware Phishing Direct Deposit Business Email Compromise 63

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 74

PYMNTS

SEPTEMBER 13, 2018

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. In a survey of 1,700 managed service providers (MSPs) that work with a combined 100,000 SMBs, Datto found that 99 percent of respondents agree ransomware attacks will probably pick up this year and next.

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Ransomware MSPS Disaster Recovery Cybersecurity 58

PYMNTS

MAY 20, 2016

Not only are ransomware creators TeslaCrypt closing up shop, the group is also reportedly sorry for all the damage they inflicted during their run. The now-defunct ransomware Trojan was designed to find and encrypt video games on PCs. Last month, the FBI stated that the use of ransomware has reached an all-time high.

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Ransomware FBI Shutdown Bitcoin 40

PYMNTS

OCTOBER 15, 2018

AG Frosh’s warning pertained to a specific small-business cybersecurity threat. In a new report from SCORE , researchers revealed just how large of a target small businesses are for cybercriminals, deploying a range of technologies to carry out their crimes — 43 percent of cyberattacks targeted SMBs last year.

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Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

MAY 1, 2018

Enterprise software suite Microsoft 365 Business is adding enhanced cybersecurity solutions for small business (SMB) users, Microsoft announced ON Monday (April 30). The company is introducing added features to protect SMBs against phishing and ransomware.

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Ransomware Phishing Small Business Social Security 40

PYMNTS

JULY 30, 2019

In the wake of some high-profile cyberattacks on small businesses and local governments, new research suggests that the pain points of such incidents last long after systems are back up and running. Small government entities, too, are facing these risks. With organizations facing the loss or theft of over 11.7

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Data Breach Small Business Breach Ransomware 64

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. It explains that there is a lack of strong security solutions which would help detect the exploitation of zero-day vulnerabilities.

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Phishing AI MSPS Ransomware 72

PYMNTS

JULY 22, 2019

Last month, the city of Riviera Beach, Florida, was crippled by a ransomware attack that led to it paying a hefty sum to recover government systems. Ransomware attacks are on the rise within local and state governments, he added, leading to revived debate about how to handle such a scenario. . What’s the alternative?” .

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Government Governance Ransomware Compromise 58

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 Research and Markets wrote. “In s card-not-present fraud situation may get worse before it gets better. Money On The (Cybercriminal) Brain.

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Phishing Ransomware EMV CHIPS 45

PYMNTS

JUNE 14, 2016

Researchers at Citrix this month found evidence that businesses are shoring up reserves of bitcoin so they can pay ransoms as quickly as possible should they be hit with ransomware. businesses – one-third said they were shoring up bitcoin in case of a ransomware attack, according to reports.

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Bitcoin Ransomware Cybersecurity Research 41

The Fintech Times

OCTOBER 26, 2024

Dubai was buzzing with talk of AI… AI and…even more AI, alongside key themes such as investment, cybersecurity, data centres and futuristic tech. With financial data being a prime target for hackers, Huawei’s approach to cybersecurity centres around advanced protection and quick recovery systems.

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Finance Ransomware Fraud Detection Cybersecurity 69

PYMNTS

NOVEMBER 25, 2016

In this week’s Hacker Tracker , Ryan Stolte , cofounder and CTO at Bay Dynamics , joined PYMNTS to shed light on the growing cybersecurity concern of insider threats and how retailers are making big strides in keeping hackers locked out for good.

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Cybersecurity Credential Security Ransomware 76