Fraud looms, as it always does, when there is money to be moved — and with real-time payments, there are truly only a few milliseconds in which to stop bad actors. Cleber Martins, ACI Worldwide’s head of payments risk management, told PYMNTS that as financial...
Insurers are having to take a hard look at how they deal with ransomware attacks as they keep happening and coverage is much more necessary than it previously was, a Bloomberg report says. The industry for protecting companies from hackers is massive, valued at over...
Corporate law firm Campbell Conroy & O’Neil has given users notice of a data breach from a ransomware attack, a company press release says. The breach was noticed on Feb. 27, 2021. The company says it had noticed unusual activity on its account and had...
The self-ticketing terminals at Northern Railway were hit by a ransomware cyberattack, and the system has been offline while regulators investigate the issue, the BBC and other news outlets reported on Tuesday (July 20). The breach follows the £17 million May installation of 621 touch-screen...
In the card-issuing space, a predictable pattern exists with plastic cards, Very Good Security’s CEO and Co-founder Mahmoud Abdelkader told Karen Webster. Consumer demands card. Issuer prints card, sends it off — and promptly loses contact and context about that card. The security risks with...
Despite all the digital advances and connectivity achievements that facilitate our daily lives, one simple fact still threatens the stability and security of the entire enterprise: 50 percent of us still recycle our passwords. It may seem like a small problem that is relatively easy...
The U.S. is joining forces with the U.K., the EU and NATO in pressing officials from the People’s Republic of China (PRC) to take action after exposing the region as the origin of cyberattacks. “Countries around the world are making it clear that concerns regarding...
It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26 billion in benefits aren’t going to the unemployed, but to fraudsters who are taking the system for a ride —...
In response to the growing international threat of ransomware attacks, the U.S. Department of Justice (DOJ) and Department of Homeland Security (DHS) have launched a new website that provides ransomware resources to protect consumers and institutions from these attacks. StopRansomware.gov, which the DHS and DOJ...
