Study Finds Increase in Ransomware Attacks in the U.S.
Ransomware is a worldwide phenomenon, with some of the most dangerous malefactors coming from regions like Russia. Unsurprisingly, many cybercriminals ...
Tag: Ransomware
Learn how the payments and banking industry is strengthening defenses against ransomware attacks, using advanced security measures and technologies to protect sensitive financial data and transactions.
Another Credit Union Succumbs to a Ransomware Attack
A ransomware attack on a credit union in Dublin, California, has disrupted online banking services for more than 500,000 members. ...
Hospitals, Pharmacies Still Scrambling to Get Paid After Cyberattack
The cyberattack on payments processor Change Healthcare has left crucial reimbursement systems down for nine days since its discovery, and ...
Drop in Ransomware Payments Suggest Futility in Paying Attackers
The percentage of ransomware victims who paid ransom demands dropped to 29% in Q4 2023, according to data by Coveware. ...
Ransomware Attack Impacts Roughly 60 Credit Unions
More than 60 credit unions nationwide succumbed to a ransomware attack. Ongoing Operations, a division of Trellance, a cloud computing ...
The Fallout from the ICBC Ransomware Attack Continues
The ransomware attack that hit the Industrial and Commercial Bank of China (ICBC)—which is not just China’s largest bank but the ...
Payment Security in the Digital Age: Strategies to Safeguard Customer Transactions
It’s an unfortunate fact: financial services institutions make a compelling target for cybercriminals. Research from 2022 shows that the finance ...
Breach at Major Dental Insurer Exposes Data of 9 Million People
MCNA Dental—which calls itself the largest U.S. dental insurer for Medicaid and Children’s Health Insurance Program plans—has been hit by ...
Ransom Payment Amounts Are on the Rise
Ransomware attacks are one of the biggest cyber threats that organizations face, and their incidences are only growing. During a ...
Crypto Assets Are at the Forefront of Ransomware Growth
A growing number of ransomware attacks are demanding cryptocurrencies for payment, creating compliance burdens for financial institutions, according to Reuters. ...
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