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New Ransomware Uses Social Media, Demands Payment in Bitcoin

Bank Innovation

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.

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Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. Encourage their customers/members to update their software regularly, which can close known vulnerabilities that hackers can exploit.

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Software Co BigCommerce IPO Soars 183 Pct

PYMNTS

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data.

Software 194
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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. Software-As-A-Service (SaaS). The company said this week it raised $8.5

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Fitness Platform Raises $5M For Online Workouts

PYMNTS

million followers on social media, and Nicole Mejia, a fitness instructor with 1.3 Bloomberg said NEOU’s popular workouts include “The Program,” often led by the New York American video game company Take-Two Interactive Software Inc.’s The electronic DJ Steve Aoki, a wellness advocate with 6.5

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Romance scams: Protecting hearts and wallets

Abrigo

Takeaway 3 Romance scams can happen to anyone, but staying informed and following these precautions can create a safer online dating experience. Looking for love in all the wrong places Romance Scams = Fraud Using fake photos and made-up information on social media and dating apps, scammers target people looking for love.

Fraud 221
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Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important. According to the FTC , $2.7

Fraud 195