ransomware

Hackers Claim ICBC Paid to End Ransomware Attack
Hackers Claim ICBC Paid to End Ransomware Attack
November 13, 2023  |  Security & Fraud

A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. Get the Full Story Complete the...

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Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
November 10, 2023  |  Fraud Attack

The U.S. subsidiary of Industrial and Commercial Bank of China (ICBC) reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities operated by...

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Anti-Ransomware Coalition Tells Hackers: We Won’t Pay
Anti-Ransomware Coalition Tells Hackers: We Won’t Pay
October 31, 2023  |  Security & Fraud

A 40-nation alliance reportedly plans to pledge to not to pay ransoms to cybercriminals. Get the Full Story Complete the form to unlock this article...

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Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge
Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge
October 25, 2023  |  Cybersecurity

Ransomware attacks have surged this year, despite efforts to curb them. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023  |  Fraud Attack

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Get the Full Story Complete the form...

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US Government Urges Global Effort to Combat Ransomware Attacks
US Government Urges Global Effort to Combat Ransomware Attacks
October 16, 2023  |  Cybersecurity

The U.S. government is taking a stand against the growing threat of ransomware attacks by urging other countries to commit to not making ransom payments...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. Get the Full Story Complete...

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Visa Says Ransomware Attacks Reach Record-Breaking Numbers
Visa Says Ransomware Attacks Reach Record-Breaking Numbers
September 07, 2023  |  Fraud Attack

Ransomware attacks reached record-breaking numbers in March 2023, with a 91% increase compared to the previous month, according to Visa. Get the Full Story Complete the...

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Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware
Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware
September 05, 2023  |  Fraud Prevention

Michael Jabbara, vice president and global head of fraud services at Visa, told PYMNTS the fraud game is changing. Get the Full Story Complete the...

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