-
Ongoing disruptions and a reported ransom payment highlight the complexity of cybercrime networks and the pitfalls of paying ransoms.
September 18 -
The botnet of 700,000 computers — many in the U.S. — had assisted in major ransomware attacks, with the financial sector as its primary target.
September 1 -
The attack on AvidXchange, which the company said it learned about in early April, exposed its bank account numbers and some embarrassing security practices. It's part of a growing trend of data exfiltration attacks.
May 9 -
Alphv developers claimed responsibility for an attack that started last week against the payments and digital banking software maker. The ransomware is more sophisticated than many of its peers.
April 19 -
A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.
April 5 -
The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
November 2 -
A new wave of cyberattacks is targeting banks and other companies, two research groups have found.
February 22 -
The government helped the gas pipeline operator recoup some of the funds it paid to cyberthieves, but that's unlikely to happen often. Banks should shore up password security to minimize risk and be willing to reject hackers' demands in the event of a breach.
June 28Enzoic -
Before its disappearance, Avaddon said it hacked Valley National Bank's network and threatened to leak sensitive data. The bank is still investigating.
June 16 -
Hackers, including the group behind the breach at Colonial Pipeline, have posted convincing evidence that they have broken into the servers of community banks in Florida and California and stolen customers' data.
May 24