PYMNTS

FEBRUARY 5, 2020

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We 5), Toll identified the ransomware as an offshoot of a popular Mailto iteration. “We On Wednesday (Feb.

Ransomware 52

Ransomware Law Enforcement Cybersecurity Compromise 52

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.

Ransomware 0

Ransomware Bitcoin Law Enforcement FBI 0

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

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). Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct.

FS-ISAC 93

FS-ISAC Ransomware Phishing Legal 93

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. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 109

Crime Ransomware Scams Romance Scams 109

FICO

DECEMBER 23, 2020

A number of proposed bills are also with law makers on Capitol Hill.”. Despite the enormous efforts banks put into AML monitoring, the effectiveness of the overall system to combat financial crime is disappointingly low: for example, only 4% of SARs prompt law enforcement inquiry.

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. Tanvi Ratna, CEO of Policy 4.0, million after its computers were hacked.

Ransomware 53

Ransomware Bitcoin Regulations Blockchain 53

PYMNTS

MARCH 23, 2016

Another case of bitcoin ransomware has left one Kentucky hospital in an “internal state of emergency,” according to a report from Krebs On Security. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

Ransomware 42

Ransomware Bitcoin Encryption Law Enforcement 42

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible. However, not everyone agrees.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

PYMNTS

OCTOBER 23, 2019

As it recovers from a ransomware attack that started last week, business-to-business payments provider Billtrust is in its last stages of putting all of its systems online from backups. The company told customers in an e-mail that it was working with law enforcement as well as an outside security firm to look into the breach’s extent.

Ransomware 40

Ransomware Law Enforcement FBI Encryption 40

Fintech News

FEBRUARY 10, 2025

From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. In 2024, law enforcement traced a series of cryptocurrency transactions to local hawala networks, which facilitated money transfers between terrorist cells.

Crime 81

Crime Ransomware Scams Phishing 81

Fintech News

APRIL 24, 2024

prosecutors have proposed a three-year prison sentence for Changpeng Zhao, the founder and former CEO of crypto exchange Binance , following his guilty plea for violating anti-money laundering laws, according to Reuters. laws as a strategy to expand his business and personal wealth.

Money Laundering 109

Money Laundering Ransomware Compliance Laws 109

PYMNTS

JANUARY 27, 2020

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. In Q4 2019, 104 percent more ransomware payouts were made than in Q3 , with the average payment during Q4 hitting $84,116, according to Coveware’s Q4 Ransomware Marketplace Report.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

OCTOBER 21, 2016

Governments Say ‘No More’ To Ransomware. The company announced that law enforcement agencies from 13 more countries have signed up to fight ransomware, including Bosnia and Herzegovina, Bulgaria, Colombia, France, Hungary, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Switzerland and the U.K.

Law Enforcement 67

Law Enforcement Ransomware Credit Cards Compromise 67

PYMNTS

NOVEMBER 7, 2016

Further, expect ransomware to catch up to distributed-denial-of-service (DDoS) attacks in prevalence. DDoS and ransomware will also be used to attack cloud-based data centers. Both criminal and more legitimate organizations are expected to utilize this particular form of cyberattack in 2017. The urgency is real.

Cybersecurity 81

Cybersecurity Ransomware Law Enforcement Security 81

Fintech News

MARCH 21, 2024

Inheritance scams see perpetrators posing as legal professionals from seemingly legitimate law firms to inform victims of non-existent legacies, demanding personal information and initial payment to secure future gains. Meanwhile, humanitarian relief scams exploit generosity, using social media to drive donations to fake causes.

Scams 113

Scams AI Ransomware On-Demand 113

PYMNTS

MARCH 10, 2016

Clarke’s third law states that “any sufficiently advanced technology is indistinguishable from magic.” On Monday (March 7), Reuters reported that the first instance of “ransomware” targeting Mac computers was identified over the weekend after being downloaded by an estimated 6,000 machines.

Ransomware 40

Ransomware Cybersecurity Breach Credit Cards 40

PYMNTS

JUNE 29, 2020

The federal law provides extended criminal penalties for theft performed as part of a criminal organization. An earlier study found ransomware cyber-attacks have risen by 41 percent in 2020 compared to last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft.

Ransomware 80

Ransomware Credit Cards Compromise Digital Currency 80

The Paypers

JULY 25, 2016

(The Paypers) The Dutch National Police, Europol , Intel Security and Kaspersky Lab have joined forces to launch an initiative called ‘No More Ransom’, to fight ransomware together.

Law Enforcement 28

Law Enforcement Ransomware Laws Security 28

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 7, 2020

s National Cyber Security Centre (NCSC) and regulators with the Financial Conduct Authority were already looking into the cyberattack, with the NCSC saying it would work closely with law enforcement. Cybersecurity company McAfee had previously linked Sodinokibi attacks to Iran.

Ransomware 52

Ransomware Law Enforcement On-Demand Cybersecurity 52

PYMNTS

MARCH 7, 2019

As the crypto market expands, Canadian policymakers and law enforcement officials need to leverage external parties who specialize in blockchain forensic analysis if they intend to build resistance to illicit activity,” said Dina Mainville, CipherTrace sales director for Canada, in a press release. The auditing giant used data from the U.S.

Bitcoin 59

Bitcoin Ransomware Law Enforcement Blockchain 59

PYMNTS

JULY 28, 2019

Federal law enforcement is helping in the investigation. The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. An investigation involving local, state and federal law enforcement is ongoing at this time.”. As a result, Gov.

Law Enforcement 64

Law Enforcement FBI Ransomware Laws 64

PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. According to a PYMNTS report, there were 33 percent more ransomware payments made by businesses during the first quarter of 2020.

Business Email Compromise 73

Business Email Compromise Scams Email Compromise Wire Transfer 73

The Paypers

OCTOBER 18, 2016

(The Paypers) Law enforcement agencies from 13 countries have signed up to fight ransomware together with the private sector by joining the No More Ransom project.

Law Enforcement 28

Law Enforcement Laws Ransomware 28

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.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

Fintech News

DECEMBER 14, 2023

Triple extortion ransomware? Stay on the right side of the law. I’m often asked which of the latest headline-making technologies should organisations be concerned about? Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Is it the latest AI technology? 7 Play fair.

Security 113

Security Breach Rules Ransomware 113

PYMNTS

FEBRUARY 27, 2020

Hamilton dismissed certain claims within the lawsuit that Ripple had made false statements under California law, but left the door open for the investors to come forward with an amended complaint. Bitcoin has been friendly to crime in the past, becoming popular for perpetrators of ransomware and fraud. XRP fell 8.2

Ransomware 60

Ransomware Crime Cryptocurrency Bitcoin 60

PYMNTS

JUNE 1, 2020

15 percent of law firms have lost clients as a result of cybersecurity incidents , a new report published by BlueVoyant found, according to a press release. Among a lengthy list of attack methods, ransomware and third-party breaches remain common tactics against law firms, the report revealed.

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years.

Business Email Compromise 56

Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

APRIL 13, 2020

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud.

Business Email Compromise 63

Business Email Compromise Email Compromise Scams Law Enforcement 63

The Finance Weekly

DECEMBER 30, 2021

Malware attacks, especially ransomware attacks, are on the rise. New technologies enable organizations to address ever-changing regulations, tax laws, internal control requirements, corporate governance, evolving reporting needs, and more, especially for global and complex businesses. Is your company facing any of these challenges?

Technology 130

Technology MSPS Small Business Data Security 130

Global Fintech & Digital Assets

DECEMBER 11, 2023

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. The Amendments also require a covered entity to report within 24 hours any extortion payment made in response to a ransomware attack.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

MAY 22, 2017

The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s Hacking and cyber threats like ransomware are hardly new phenomena. s National Health Service.

Regulations 46

Regulations Authentication Ransomware Money Laundering 46

PYMNTS

DECEMBER 22, 2016

According to the research, 70 percent of companies say they pay up when targeted by a ransomware attack — an attack in which hackers take corporate data hostage unless the victim pays a ransom — despite the FBI advising organizations not to do so, reports by CyberScoop said last week. companies’ cybersecurity measures.

Cybersecurity 68

Cybersecurity Research Phishing Breach 68

PYMNTS

FEBRUARY 24, 2017

In this week’s Hacker Tracker , Simon Ragona III, director of data forensics at T&M Protection Resources , joined PYMNTS to discuss if tapping international law can actually help to keep cybercriminals at bay. Does IoT Security Need International Law? Businesses Paying Up.

Data Breach 68

Data Breach Breach Cybersecurity Laws 68

PYMNTS

FEBRUARY 20, 2019

. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks and identify bad actors. It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.”

Bitcoin 65

Bitcoin Posting Cryptocurrency Blockchain 65