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Search Results for: ransomware
Ransomware Demands Averaged $1.6 Million in Second Quarter, a New Report Says
Ransomware is a sobering item on every organization’s list of things to worry about. New data shows it might be more problematic than ever as the average ransomware demand reached $1,571,667 in the second quarter, more than double the average in the first quarter, according to “Q2 2024 Cyber Threat …
Read More »Card Brands’ Acquiring Loyalty; Ransomware Payouts Decreasing; Apple Wallet Open in Europe?
Despite Increasing Ransomware Attacks, Fewer Victims Are Paying
Despite a spike in ransomware attacks, fewer companies are paying ransom demands to free their data. A report from ransomware-remediation firm, Coveware Inc. reveals that just 28% of companies hit by a ransomware attack during the first quarter of 2024 paid, a record low. The trend comes as ransomware attacks …
Read More »Ransomware Spikes 130%; AtoB All in with Mastercard; Speedy Payouts Most Favored Among Bettors
A Bad Start to the Year: Ransomware Spikes 130% in January
Already, 2024 is starting off with an unrelenting wave of ransomware attacks. The number of attacks last month, as registered by cybersecurity firm BlackFog, increased 130% from January 2023. Cheyenne, Wyo.-based BlackFog says the 76 attacks noted this January are the second-highest it has ever recorded. The highest number came …
Read More »Eye on Fraud: Global Ransomware Attacks Soar to a Monthly High; Cyber Attacks Hit Hospitality Merchants
Monthly global ransomware attacks hit an all-time high in March, totaling 460. That’s a 62% increase from the same period a year earlier, and a 91% increase from the prior month, according to the fall edition of Visa Inc.’s 2023 Biannual Threats Report. Leading causes for ransomware attacks are criminals …
Read More »Zelle’s Big Year; GoDaddy Adopts Tap to Pay; NCR Investigates a Ransomware Attack
NCR Investigates a Ransomware Attack And Other Digital Transactions News briefs from 4/17/23
NCR Corp. said it is investigating a ransomware incident affecting one of its data centers and its Aloha cloud-based services for the hospitality industry. Its ATM, digital banking, payments and other retail services are not impacted. Huntington National Bank said it has extended Huntington ChoicePay to payments in higher education and business services. …
Read More »A Virtual Card Tsunami Looms; U.S. Accounts for 46% of Ransomware Attacks; Volante’s ACH Tech in Colombia
