JBS, the world’s biggest meat processing company, said it paid the equivalent of $11 million in ransom after its company was hacked by cyber thieves in order to prevent disruptions, the company said in a blog post. Get the Full Story Complete the form to...
The connected economy is being shadowed by a despicable construct: the fraud economy, where people aren’t the legit customers they pretend to be. The damage these fraudsters inflict erodes the very foundation of enduring consumer-merchant relationships: trust. Get the Full Story Complete the form to...
Fastly Inc., which operates a content delivery network, announced that it quickly detected a software bug that caused an outage on Tuesday (June 8), and that most of its network was back to running normally within 49 minutes, according to a blog post. Get the...
The “what” is this: A significant portion of the bitcoin-denominated ransomware demanded of – and received from – the Colonial Pipeline operator has been recovered. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Dozens of news and government websites went offline early Tuesday (June 8) due to a glitch at a cloud services provider. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Will 2021 be remembered as the year of the cyberattack? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
We’re all using apps more than ever before – especially to bank, make payments and get money into the hands of friends and family with the tap of a screen. In 2020, there were more than 1.3 billion global mobile payment users. Get the Full...
The operators of MoviePass have agreed to settle with the Federal Trade Commission (FTC) over allegations that they blocked subscribers from using the service while also not securing users’ personal data, according to a press release. Get the Full Story Complete the form to unlock...
The Federal Bureau of Investigation (FBI) is investigating roughly 100 varieties of ransomware, The Wall Street Journal reported on Friday (June 4). These challenges, many of which originated in Russia, are similar to the 9/11 attacks, agency Director Christopher Wray told WSJ. Get the Full Story Complete the...
