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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

They also allow the exchange of cryptocurrency for cash in accounts at some of Russia’s largest banks — nearly all of which are currently sanctioned by the United States and other western nations. At that address is a three-story building that used to be a bank and now houses a massage therapy clinic and a co-working space.

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Negotiating with Ransomware Gangs

Schneier on Security

Thus, the decision whether to pay or ignore a ransomware demand, seems less of a legal, and more of a practical, determination ­ almost like a cost-benefit analysis. The arguments for rendering a ransomware payment include: Payment is the least costly option; Payment is in the best interest of stakeholders (e.g.

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Change Healthcare Breach Hits 100M Americans

Krebs on Security

Change Healthcare says it has notified approximately 100 million Americans that their personal, financial and healthcare records may have been stolen in a February 2024 ransomware attack that caused the largest ever known data breach of protected health information. Image: Tamer Tuncay, Shutterstock.com.

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Fintech Giant Finastra Investigating Data Breach

Krebs on Security

Finastra, which provides software and services to 45 of the world’s top 50 banks, notified customers of the security incident after a cybercriminal began selling more than 400 gigabytes of data purportedly stolen from the company. However, it did reference many of the same banks called out as Finastra customers in the Nov.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. Ransomware growth trends and stats. The costs and impact of a ransomware attack. Ransomware protection planning best practices.

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Ransomware Hit ATM Giant Diebold Nixdorf

Krebs on Security

Diebold Nixdorf , a major provider of automatic teller machines (ATMs) and payment technology to banks and retailers, recently suffered a ransomware attack that disrupted some operations. Suspecting a ransomware attack, Diebold said it immediately began disconnecting systems on that network to contain the spread of the malware.

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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. On December 8, the cybercriminal gang responsible for deploying the Conti ransomware strain (also known as “ Ryuk “) published more than 10 gigabytes of data that it claimed to have removed from TSYS’s networks. NYSE:GPN ].