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 ...
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.
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. ...
Paying For Ransomware Only Drives Up Ransom Costs
Ransomware continues to evolve, employing more complex tactics to solidify itself as an increasingly nefarious foe for its victims. Unfortunately, ...
When It Comes to Ransomware Mitigation, Selecting the Right Negotiator Is Essential
Ransomware attacks are hitting financial institutions big and small, and show no signs of abating. When companies suffer ransomware attacks, ...
Ransomware Payments Were on the Decline in 2022
Ransomware is a growing problem in the digital age. It's a type of malicious software that hackers use to gain ...
U.S. Banks Continue to Fight Against Ransomware Payments
Malware encrypts a victim's files through ransomware. Unless you pay a ransom, the files are inaccessible. Ransomware typically spreads through ...
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