PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S. Treasury Department proposed sweeping new rules late Friday (Dec.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. In the first three months of 2024, the average government impersonation scam victim in the U.S.

Scams 98

Scams Ransomware Government Governance 98

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

Fintech News

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. In 2023, ransomware payments peaked, breaking past the US$1 billion (SG$1.35 billion (SG$ 32.51

Crime 109

Crime Ransomware Scams Romance Scams 109

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Governments worldwide have stepped up pursuit and punishment of ransomware gangs.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

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.

Ransomware 41

Ransomware Encryption Scams Research 41

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

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?

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

DECEMBER 13, 2020

Attacks by hackers linked to the Russian government against the U.S. National Security Council spokesman John Ullyot reportedly told Reuters: "The United States government is aware of these reports and we are taking all necessary steps to identify and remedy any possible issues related to this situation.".

Treasury 108

Treasury Request for Comment FBI Governance 108

PYMNTS

OCTOBER 5, 2020

749,000 was the value of merchandise fraudsters purporting to be local institutions of higher education and government organizations allegedly netted after tricking businesses, The Straits Times reported. Over one-third of the ransomware strain’s victims have been estimated to have made a ransom payment.

Ransomware 54

Ransomware AFP Breach Payments 54

VISTA InfoSec

OCTOBER 21, 2024

From social media platforms to messengers to even government agencies, everything could be at risk. This typically goes hand-in-hand with ransomware, where hackers will request a ransom to be paid to either be able to access your data or return it.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

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. But according to the report, the trade secrets and intellectual property that fill supply chains have emerged as key targets for ransomware attackers.

Ransomware 42

Ransomware Research Accounts Governance 42

PYMNTS

OCTOBER 12, 2020

The target was systems linked to the dissemination of Trickbot, a botnet that has been used by some sophisticated players since late 2016 to deploy ransomware , especially in attacks on financial institutions (FIs). government officials recently said they feared botnets would be used to interfere with the upcoming presidential election.

FS-ISAC 93

FS-ISAC Ransomware Phishing Legal 93

Fintech News

DECEMBER 5, 2023

The two-day conference, running from 6-7 December, brings together an array of over 30 expert speakers to address topics such as artificial intelligence in cyber defense, cloud security, ransomware, and the broader scope of governance, risk, and compliance.

Cybersecurity 109

Cybersecurity Security Ransomware Addressing 109

PYMNTS

OCTOBER 9, 2020

Ransomware And Malware. Malware masquerading as an attachment in an official email from the government or a company executive is another favorite scam right now. Department of the Treasury’s Office of Terrorism and Financial Intelligence last week issued a pair of ransomware alerts. Following an upsurge in such attacks, the U.S.

B2B 116

B2B Phishing Scams Ransomware 116

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. Cybersecurity experts say data backups can be an effective deterrent against ransomware attacks.

Ransomware 43

Ransomware Bitcoin FBI Encryption 43

PYMNTS

FEBRUARY 10, 2020

have plummeted in recent years, and ransomware cyberattacks have skyrocketed. Data Shows 41 Pct Hike In Ransomware Attacks In 2019. Ransomware cyberattacks are up 41 percent from last year, taking down computer networks across businesses, hospital and governments. In today’s top news, Chinese tech investments in the U.S.

Ransomware 56

Ransomware Central Bank Crime Bitcoin 56

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

JANUARY 27, 2020

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. Below, PYMNTS explores the numbers behind the latest cases of B2B payments fraud — from attacks targeting government entities to banks’ struggle in managing the fraud threat from real-time payments.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

FICO

DECEMBER 23, 2020

Change management — in particular, significant operational changes including governance over new technology innovation and implementation, such as the use of cloud computing, AI, digitalization in risk management processes, new products and services, and notable changes in strategic plans.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. 28) by The Economic Times. The victim of the attack was not named, but compelled to pay $1.2

Ransomware 53

Ransomware Bitcoin Regulations Blockchain 53

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. 233,817 is the average ransomware payment an organization pays to regain control of its systems, according to new data from Coveware.

Business Email Compromise 96

Business Email Compromise Scams Ransomware Email Compromise 96

PYMNTS

JUNE 21, 2017

A South Korea-based web hosting firm has fallen victim to ransomware. Reports Tuesday (June 20) said Nayana was hit by a ransomware attack on June 10. The attack held 153 of the company’s servers under control, with the ransomware encrypting the servers and attackers refusing to release them unless the ransom was paid. “But

Ransomware 40

Ransomware Encryption Cybersecurity Bitcoin 40

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. Many organisations also said they would pay a ransom to reduce disruption.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

MARCH 15, 2016

.” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. matches the sophistication level of those previously associated with Chinese government-sponsored computer network intrusions.

Ransomware 40

Ransomware FBI Cybersecurity Bitcoin 40

PYMNTS

OCTOBER 25, 2019

The city council of Johannesburg, the largest city in South Africa , was hit with a ransomware attack on Friday (Oct. Reuters is reporting that the computers of government workers were affected, and the perpetrators asked for bitcoin payments to reinstate email links and internet access.

Ransomware 41

Ransomware Bitcoin On-Demand Authentication 41

PYMNTS

JANUARY 30, 2017

Health care entities and government agencies, too, are at risk for their data security. We take a look at some statistics around the ITRC and CyberScout’s latest report, as well as new data on government and health care data management practices. 1,093 data breaches hit entities in the U.S. Researchers found that businesses saw 45.2

Data Security 54

Data Security Governance Government Data Breach 54

PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP. Even the U.S.

IRS 96

IRS Cryptocurrency RFP Law Enforcement 96

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin.

Bitcoin 61

Bitcoin Ransomware Money Laundering Cryptocurrency 61

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. Beyond finances, the reputational damage can last years, too.

Data Breach 64

Data Breach Small Business Breach Ransomware 64

Payments Source

JUNE 7, 2017

The ransomware attack caused fear across banks, retailers, health care and governments in May. But worse attacks may be on the horizon.

Ransomware 61

Ransomware Governance Government Payments 61

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. As a result, 71 percent of ransomware attacks are now targeting small businesses, according to a report released by Beazley Breach Response (BBR).

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

FEBRUARY 3, 2017

A virus that infected the computer system of the Licking County government offices in Ohio has shut down the entire network, including that of the local police force, and a financial demand was made to restore everything back to normal, according to TechCrunch. It’s a crime against the people of Licking County and its government.”.

Governance 40

Governance Government Law Enforcement Ransomware 40

PYMNTS

MARCH 26, 2020

Threat Analyst Brett Callow, who works at a different security firm called Emsisoft, said the incident in question came from Maze, a ransomware group. The group steals data, and its ransomware spreads through a network and infects every computer it comes into contact with. Zack did not say anything beyond that.

Cybersecurity 68

Cybersecurity Data Breach Ransomware FBI 68

PYMNTS

OCTOBER 21, 2016

Governments Say ‘No More’ To Ransomware. It’s no surprise that government agencies tend to be prime targets for hackers and their malicious activities, but global security company Kaspersky Lab is helping countries to fight back with its No More Ransom project.

Law Enforcement 67

Law Enforcement Ransomware Credit Cards Compromise 67

The Paypers

MARCH 16, 2016

(The Paypers) Hackers using tactics and tools previously associated with Chinese government-supported computer network intrusions have joined the cyber-crime industry of ransomware.

Ransomware 28

Ransomware Crime Governance Government 28