PYMNTS-MonitorEdge-May-2024

Hackers

A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" can refer to any skilled computer programmer, the term has become associated in popular culture with a "security hacker", someone who, with their technical knowledge, uses bugs or exploits to break into computer systems.

Source: en.wikipedia.org

Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
March 06, 2023  |  B2B Payments

Hackers and fraudsters constantly probe their would-be victims for weaknesses. And when it comes to B2B fraud — where the payoff can be in the...

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Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
February 23, 2023  |  Security & Fraud

Hackers dubbed the “Nevada Group” have reportedly launched one of the largest ever ransomware attacks. The goal of the as-yet-unidentified group is to paralyze computer...

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UN Says North Korea Stole Record Amount of Crypto in 2022
UN Says North Korea Stole Record Amount of Crypto in 2022
February 07, 2023  |  Cryptocurrency

The United Nations says North Korea stole a record amount of cryptocurrency assets last year. As Reuters reported Tuesday (Feb. 7), a confidential UN report...

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nsKnox Is Preparing for a Wave of ‘Human Hacking’
nsKnox Is Preparing for a Wave of ‘Human Hacking’
February 06, 2023  |  Opinion

As cybercriminals become increasingly sophisticated, companies must implement technology to protect payments, Nithai Barzam, COO at nsKnox, writes in the new PYMNTS eBook, “2023 Payments...

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Crypto Hackers Stole Billions Last Year by Targeting DeFi
Crypto Hackers Stole Billions Last Year by Targeting DeFi
February 02, 2023  |  Cryptocurrency

Adding to the cryptocurrency sector’s 2022 woes, hackers stole $3.8 billion from crypto companies last year. This, as a new crypto crime report from blockchain...

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Tenable to Invest Up to $25M in Early-Stage Cybersecurity Firms
Tenable to Invest Up to $25M in Early-Stage Cybersecurity Firms
January 26, 2023  |  Investments

Tenable will invest up to $25 million in startups that can help its cybersecurity efforts. Those ventures will be part of the company’s new corporate investment...

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Major Hacks Highlight Evolving Ransomware Threat in Europe
Major Hacks Highlight Evolving Ransomware Threat in Europe
January 23, 2023  |  Security & Fraud

A string of major hacks in Europe has put ransomware in the spotlight. A type of malware that infects computer networks, ransomware threatens to publish...

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T-Mobile Reports Monthlong Data Breach Affecting 37M Customers
T-Mobile Reports Monthlong Data Breach Affecting 37M Customers
January 19, 2023  |  Security & Fraud

A hacker siphoned customer data from T-Mobile for more than a month. In that time, the bad actor obtained data about 37 million customers, the...

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Binance and Huobi Recover Some Funds From 2022 Harmony Hack
Binance and Huobi Recover Some Funds From 2022 Harmony Hack
January 16, 2023  |  Security & Fraud

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year’s hack of Harmony. “We detected Harmony One hacker fund movement,”...

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