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Evolve Bank confirms data stolen by ransomware gang

Finextra

Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.

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Five At Five: Amazon’s New Cashback Idea

PYMNTS

Today’s coverage includes the latest move by Amazon to attract more consumers in India, and the latest on a global ransomware attack. in Ryuk Ransomware Attack. A team of cybersecurity firms has tracked the ransomware, which uses email phishing to inject a Trojan dubbed TrickBot into thousands of computers. Hackers Make $3.7M

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Bitcoin Daily: Fed Chairman Thinks Cryptos Are Insignificant, Billionaire Marc Lasry Says Bitcoin Could Top $40k

PYMNTS

In other news, cybercriminals are trading ransomware for cryptojacking, CoinDesk said. By contrast, ransomware comprises only 8 percent of cyberattacks. Federal Reserve Chairman Jerome Powell told a house committee that the U.S. (July 18), according to CoinDesk.

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Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers

PYMNTS

global ransomware attack and the 2014 attack on Sony Pictures Entertainment. Technical similarities” also connect the malware used in attacks against SPE, Bangladesh Bank, other FIs, defense contractors (among other actual and intended victims) and the WannaCry ransomware. correspondent banks,” said the complaint.

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SMBs Find Access To Finance Is No Longer Their Only Trade Worry

PYMNTS

Federal Reserve finds small businesses are enjoying boosted confidence (and revenues). while the Federal Reserve found that small business optimism is on the rise, fewer entrepreneurs are seeking finance – just 40 percent of SMBs surveyed said they were seeking external funding, down from 45 percent in 2017.

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. faster payments system, the Federal Reserve named 27 members to its new Governance Framework Formation Team. Meanwhile, in its latest effort to further develop and craft the U.S.

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Machine Learning Sizzles, Bitcoin Fizzles And Schrödinger’s Physical Retail Does Both

PYMNTS

CyberEdge Group has said that ransomware incidents are hitting new highs in terms of, well, incidents, and that is in and of itself a troubling trend. Federal Reserve Jerome H. The yo-yo effect may portend some caution for tech IPOs going forward, at least where valuation is concerned.

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