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

Krebs on Security

Payment card processing giant TSYS suffered a ransomware attack earlier this month. TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. NYSE:GPN ].

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Resecurity Released a 2024 Cyber Threat Landscape Forecast

Security Affairs

Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast. Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year.

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Top 7 Cyber Threats to the Financial Services Sector in 2022

Security Boulevard

In the old, in the with new: The financial cyber threat landscape In our latest report, we detail seven primary cyber threats that organizations across the financial services sector will face in 2022. Some of them, such as ransomware, are not new but nevertheless remain a serious threat.

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MasterCard Buys Recorded Future for $2.6B: What It Means for AI Cybersecurity

SecureWorld News

The financial sector's growing dependence on AI for cybersecurity The financial services sector is a prime target for cybercriminals, given the high value of data and money in circulation. The need to anticipate, rather than react to, cyber threats is now paramount. Makes sense, right?

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The G7 expresses its concern over ransomware attacks

Security Affairs

G7 Finance ministers expressed concern on Tuesday over the rise in ransomware attacks during the Covid-19 pandemic, including some involving cryptocurrencies. G7 Finance ministers warn of ransomware attacks that have been growing in scale, sophistication, and frequency over the past two years. ” continues the statement.

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48 Countries Commit to Stop Paying Ransomware Demands

SecureWorld News

The global rise of ransomware attacks over the last several years has become an urgent concern, as cybercriminals relentlessly target organizations and individuals, demanding exorbitant ransoms for the release of vital encrypted data. By refusing to pay ransoms, the coalition aims to degrade the lucrative ransomware ecosystem.

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Report Reveals Top Cyber Threats, Trends of 2023 First Half

SecureWorld News

Critical Start today released its biannual Cyber Intelligence Report, featuring the top threats observed in the first half of 2023 and emerging cybersecurity trends impacting the healthcare, financial services, and state and local government industries.