Remove 2018 Remove Financial Services Remove IT Remove Ransomware
article thumbnail

Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

Payment card processing giant TSYS suffered a ransomware attack earlier this month. Total System Services Inc. TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. Headquartered in Columbus, Ga., NYSE:GPN ].

article thumbnail

New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. individuals and businesses comply with ransomware payment demands in this October 2020 client alert.) The post New York Department of Financial Services Issues First Guidance by a U.S. Background. 1 See W.B.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

article thumbnail

TA505 Group adds new ServHelper Backdoor and FlawedGrace RAT to its arsenal

Security Affairs

“In November 2018, TA505 , a prolific actor that has been at the forefront of this trend, began distributing a new backdoor we named “ServHelper”. ” The TA505 group was first spotted by Proofpoint back 2017, it has been active at least since 2015 and targets organizations in financial and retail industries. WIZ documents.

IT 98
article thumbnail

Sophisticated cyber attacks are biggest technology concern in 2018

IT Governance

Ransomware, including Petya , WannaCry and NotPetya. New report reveals technology concerns for financial and public sectors in 2018. In 2018, organisations are looking at ‘when’ they will be attacked, not ‘if’. Malware: malicious software that damages your computer network or information.

article thumbnail

Office of Foreign Assets Control: Making or Facilitating Ransomware Payments May Violate U.S. Sanctions

Data Matters

individuals and businesses comply with ransomware payment demands. Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. sanctions law violations if U.S.

article thumbnail

Combat the increasing ransomware threat by educating employees

IT Governance

A recent Sophos survey of 2,700 IT managers in organisations with 100-5,000 employees around the world, revealed that many businesses are not prepared for ransomware attacks. 45% of UK organisations experienced a ransomware attack within the past 12 months. Have you provided ransomware training? Key findings. Key findings.