Payments News

On The Web

nbsp;

Risk

5 Ransomware Trends that Should Alarm Credit Unions, Banks

“Ransomware attacks have been accelerating during the pandemic, as cybercriminals take advantage of the security vulnerabilities and disruption caused by the massive movement toward working from home and they find ransomware increasingly profitable. According to a report published Tuesday by the security company Arctic Wolf, the banking sector saw a 520% increase in phishing and […]
nbsp;

Risk

Companies Facilitating Ransomware Payments Could Face Penalties

“Companies that assist victims of ransomware attacks in making payments to criminal hackers could face penalties, according to a new advisory from the U.S. Department of the Treasury.    The civil penalties would apply to those who assist in making ransom payments on behalf of victim companies or governments hacked by criminal groups that have […]
nbsp;

Risk

DDoS extortionists target NZX, Braintree, and other financial services

“For the past weeks, a criminal gang has launched DDoS attacks against some of the world’s biggest financial service providers and demanded Bitcoin payments as extortion fees to stop their attacks. Just this week, the group has attacked YesBank India, Worldpay , PayPal , Braintree , and Venmo , a source involved in the DDoS […]
nbsp; nbsp;