A 19-year-old man from Madison, Wisconsin, has pleaded guilty to conspiracy to commit computer intrusion. Joseph Garrison, along with his co-conspirators, orchestrated a scheme to hack user accounts at a fantasy sports and betting website, the U.S. Attorney’s Office, Southern District of New York said in a...
McLaren Health Care, a healthcare provider based in Michigan, has reported a data breach that compromised the personal and health information of about 2.2 million patients. The hackers accessed a wide range of patient information, including names, dates of birth, Social Security numbers, billing and...
A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. The bank, which is China’s largest lender, disconnected itself from an electronic settlement platform for the U.S. Treasury securities operated by BNY Mellon after a ransomware attack...
A hacker reportedly stole $27 million in cryptocurrency from a Binance-connected wallet. The stolen tether funds were converted to ether before being transferred to other exchanges and bridges to bitcoin through the THORChain bridge, CoinDesk reported Monday (Nov. 13). The victim’s wallet had received ether...
In today’s modern commerce landscape, convenience-driven shoppers increasingly desire a frictionless checkout experience and are embracing the ability to use stored credentials for seamless payments. In “Payments And Credentials Vaults: Gauging Consumer Interest,” PYMNTS Intelligence drew on a survey of more than 2,000 consumers to...
The holidays are upon us, and gift cards remain a favorite to give and receive. And the fraudsters lie in wait — armed with advanced technologies and sophisticated schemes. Doriel Abrahams, head of risk at Forter, told PYMNTS in an interview that gift cards have...
Ace Hardware is reportedly recovering from a cyberattack that has left it unable to accept online orders. The news was first reported Sunday (Oct. 29) and has continued into Friday (Nov. 3), Engadget reported Friday. As of Friday morning, the home page of the home...
A 40-nation alliance reportedly plans to pledge to not to pay ransoms to cybercriminals. The U.S.-led International Counter Ransomware Initiative is making this promise amid a growing number of ransomware attacks, Reuters reported Tuesday (Oct. 31), following a White House press briefing. Anne Neuberger, deputy national security adviser in...
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s Payment Systems Regulator (PSR) examining the extent of authorized push payments fraud (APP). “This is the first time we can...
