Finextra

MAY 9, 2024

There’s no hiding from it; ransomware is once again on the rise and today’s attackers do not discrim.

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Finextra

OCTOBER 29, 2024

The past year was the worst on record for ransomware attacks around the globe. In the past year

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PYMNTS

MARCH 20, 2020

Although the company’s statement doesn’t mention the type of attack specifically, Krebs believes it is likely a ransomware attack based on the reaction. Two sources forwarded internal notices about the outage. “We We wish to inform our valued customers that we are investigating a potential security breach.

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Fintech News

FEBRUARY 15, 2024

Despite the notable drop and improvements, the prominence of sanction-related transactions and the growth of ransomware attacks remain key challenges for the industry to tackle. The growth of ransomware revenue suggests that ransomware attackers are adjusting to the new cybersecurity improvements that organizations have made.

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PYMNTS

DECEMBER 10, 2020

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. We experienced a ransomware attack involving systems that support certain corporate back office functions of a legacy TSYS merchant business," TSYS said in a statement to PYMNTS.

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PYMNTS

MAY 3, 2020

Corporate ransomware payment amounts rose sharply in the first quarter of this year, with a wave of coronavirus -related attacks and other peripherally-related cases because of complexities with shifting to remote work for many people, according to a Coveware blog post. Sodinokibi was the top type of ransomware on the market with 26.7

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Finextra

MAY 28, 2024

ABN Amro is warning customers that their personal details may be at risk after a ransomware attack at one its supplier.

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PYMNTS

DECEMBER 26, 2018

Ackerman also warned that another wave of ransomware is expected to hit in 2019. “Ransomware exploded onto the scene in 2017, following the WannaCry outbreak and a series of successful follow-up ransomware attacks targeting high-profile victims,” he wrote. Ransomware attacks come in waves, and the next one is due.”

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Finextra

JANUARY 25, 2024

Sweden's Riksbank has filed a police report after a ransomware attack on software firm Tietoevry knocked out some of the central bank's IT systems.

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PYMNTS

FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Europol, the European Union’s law enforcement agency, considers ransomware the “most widespread and financially damaging form of cyberattack.”.

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PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. They tend not to target poorer countries,” he said. Payment terms have been higher, too.

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Finextra

AUGUST 4, 2024

More than 200 cooperative and regional rural banks were briefly cut off from India's retail payments system last week by the National Payments Corporation of India (NPCI) amid concerns that C-Edge Technologies had been hit by a ransomware attack.

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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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Payments Source

MAY 30, 2017

Attacks like the WannaCry ransomware require issuers to educate staff and shore up technology defenses, writes Bob Antia, cheif security officer of Unitrends.

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PYMNTS

AUGUST 12, 2019

Cyber insurance claims are spiking as a new type of ransomware targets companies across the U.S. Ransomware groups tend to target people in the Anglosphere, who are seen as able to pay and deserving of what they get. and Europe, the The Financial Times reported on Sunday (Aug.

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Payments Source

NOVEMBER 24, 2020

Organizations need complete control over which network access privileges are assigned to each user or role, says Pulse Secure's Rene Papp.

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Ransomware Security Authentication Risk 118

PYMNTS

OCTOBER 13, 2020

In other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. The group said that ransomware incidents against banks, medical centers, educational institutions and other “critical infrastructure” in G7 nations has been increasing in scope, complexity and commonness.

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Payments Source

JANUARY 15, 2020

The ransomware attack chain uses a number of methods to infect an organization's systems, which can easily bypass an entire organizational security framework in seconds, according to Exabeam's Richard Cassidy.

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Ransomware Security Risk ISOs 65

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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Payments Source

DECEMBER 6, 2020

Improving data management can also help future-proof data infrastructure and put the appropriate protections in place before it’s too late, says Cohesity's Michael Letschin.

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Ransomware Risk Process Payments 124

PYMNTS

JULY 19, 2020

France-based telecom company Orange reported that a ransomware attack had compromised the data of 20 enterprise customers on one of its servers, according to news site teiss. On July 4, hackers announced they’d used Nefilim Ransomware to access the Orange server, gaining data on the company’s Orange Business Solutions division.

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Payments Source

DECEMBER 23, 2020

By upgrading permissions and defining access, firms can get ahead of the new threat, says vArmour's Marc Woolward.

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Ransomware Risk Process Payments 121

The Fintech Times

FEBRUARY 26, 2025

Meanwhile, ransomware continues to rise, increasing eight per cent in North America and surging 259 per cent in Latin America. But in the healthcare industry, ransomware was far and away the biggest threat, utilised in 95 per cent of all breaches in this sector.

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Automation AI Ransomware Email Compromise 59

Payments Source

DECEMBER 21, 2020

Remote learning and work heightens the security risk, says Pulse Secure's Mike Rimer.

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Ransomware Risk Security Payments 113

PYMNTS

OCTOBER 29, 2020

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. According to the alert, “malicious cyber actors” are targeting the sector with Trickbot malware, which is typically a precursor to ransomware attacks and data theft. hospitals and healthcare providers.”.

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Ransomware FBI Cybersecurity Credential 56

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.

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PYMNTS

APRIL 18, 2019

For many, however, the technology still conjures up images of cybercrime and illicit activity, and new data revealing the rising threat of ransomware is likely to fuel that negative reputation. Between 2018’s fourth quarter and 2019’s first, the average cost of a ransomware attack spiked by a whopping 89 percent to $12,762.

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PYMNTS

JANUARY 8, 2020

Travelex , a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems, forcing employees to use pen and paper to take care of thousands of customers, according to a report by Reuters. Ransomware attacks against large corporations are becoming more and more common.

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Finextra

DECEMBER 5, 2023

Dozens of US credit unions have been hit by outages following a ransomware attack on a cloud computing vendor.

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Credit Union Ransomware 58

Finextra

NOVEMBER 4, 2024

The past year was the worst on record for ransomware attacks around the globe. In the past year

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The Nilson Report

MARCH 26, 2024

The post Visa Report Shows Top Scams Globally Include Ransomware and Pig Butchering appeared first on Nilson Report.

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Finextra

JANUARY 18, 2024

All over the world, the number of attacks by cybercriminals targeting the financial sector is increa.

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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. However, those numbers don’t show the accurate number of damage, and the longer-term consequences of the ransomware actions are more devastating. .

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The Fintech Times

FEBRUARY 3, 2025

Predictions within the report suggest that this type of fraud will become even more prevalent than ransomware in 2025. Victims of these scams not only face financial losses, averaging about $180 per incident, but 40 per cent also suffer from subsequent identity theft.

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Deepfake Account Takeovers Identity Theft Scams 81

PYMNTS

JANUARY 11, 2020

Some employees of Travelex , a company that was recently hit with a ransomware attack, were forced to hand over their laptops to technicians to see if their machines were infected and whether they can be fixed, according to a report by the Financial Times. Samsung said there was no evidence of Samsung Pay users being affected.

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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.

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Cybersecurity Ransomware RDC Credential 139

PYMNTS

JANUARY 11, 2020

Some employees of Travelex , a company that was recently hit with a ransomware attack, were forced to hand over their laptops to technicians to see if their machines were infected and whether they can be fixed, according to a report by the Financial Times. Samsung said there was no evidence of Samsung Pay users being affected.

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