ransomware

Eye Security Raises $39 Million Led by JPMorgan as EU Ransomware Attacks Jump
Eye Security Raises $39 Million Led by JPMorgan as EU Ransomware Attacks Jump
March 10, 2024  |  Cybersecurity

Dutch cybersecurity firm Eye Security has reportedly raised $39 million to expand throughout Europe. The company’s funding round was led by JPMorgan Chase’s growth investment arm, The...

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Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024  |  Security & Fraud

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and...

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Firms Embrace AI for Faster, Smarter Cybersecurity Solutions
Firms Embrace AI for Faster, Smarter Cybersecurity Solutions
March 01, 2024  |  Cybersecurity

Google CEO Sundar Pichai recently noted that artificial intelligence (AI) could boost online security, a sentiment echoed by many industry experts. AI is transforming how...

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Report: Ransomware Gang Blackcat Behind Cyberattack on Change Healthcare
Report: Ransomware Gang Blackcat Behind Cyberattack on Change Healthcare
February 26, 2024  |  Cybersecurity

The ransomware gang Blackcat, also known as ALPHV, is reportedly the source of a cyberattack targeting UnitedHealth Group’s technology unit, Change Healthcare. The cyberattack has targeted...

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TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
February 13, 2024  |  Security & Fraud

Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats.   “Not having adequate protection against cyberattacks could leave business owners at...

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Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
February 08, 2024  |  Security & Fraud

Ransomware payments surpassed $1 billion in 2023, marking a record peak following a decrease in 2022, according to the latest chapter of Chainalysis’ 2024 Crypto...

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Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Security & Fraud

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit...

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Simple Hacking Techniques Prove Successful in 2023 Cyberattacks
Simple Hacking Techniques Prove Successful in 2023 Cyberattacks
December 27, 2023  |  Cybersecurity

Cybercriminals have shown over the past year that sophisticated technology is not always necessary to carry out successful cyberattacks. Several incidents in 2023 have highlighted...

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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. The bank, which is China’s largest...

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