Payments

Most companies think paying ransom is wise in ransomware attacks

According to a survey conducted by ThycoticCentrify, almost three in every five companies have become a victim to a ransomware attack in the past 12 months in United States. And most of them think that paying a ransom is wise in ransomware attacks as it helps them recover all encrypted data at once and will […]

Now a website to track down ransomware payments

Ransomwhere, a dedicated website to track down ransomware payments, was launched by a security researcher named Jack Cable. The website will act as a dashboard that will keep a track of ransomware payments by strain and will also help security researchers conduct more analysis by presenting to them raw data that machine learning tools can […]

Tax reimbursement for ransomware payments

As many companies are falling prey to Ransomware Attacks in the United States these days, there is a high probability that such payments might earn the victim a tax reimbursement from the Internal Revenue Service (IRS) as per the little-known legal clause.     Meaning, those who are bowing down to the demands of hackers by […]

VISA payments to become password free in the next Five years

VISA, an American Multinational Payment services corporation supporting the business of electronic funds transfer has stated that its payments will become password free in next five years- all thanks due to the innovation in authentication and anti-fraud technologies. “As financial institutions are sharing 10 times more data with each other these days, artificial intelligence technology […]

PayPal receives a patent against Ransomware attacks

PayPal, an electronic payment processing company of America has recently been awarded a patent for an application technique that could detect ransomware in the early stages of an attack and mitigate its effects on the entire database. As per the sources who are familiar with the developments, PayPal filed for a patent in Sept’16 which […]

Wegmans sues Invermar for Cyber Attack

Wegmans Food Markets Inc. an American Supermarket Chain headquartered in New York has filed a lawsuit against Chilean Seafood Supplier, Invermar, for allowing hackers to pocket its payments through a cybersecurity flaw. Sources say that the Food retailer has sued the seafood supplier for $900,000 and is interested in adding more to the lawsuit when […]

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