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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

Corporate travel manager CWT paid $4.5 The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room. According to computer security firm McAfee, criminals have been using RagnarLocker since late 2019.

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Does your bank need cyber insurance?

Independent Banker

Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks.

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Federal Cybersecurity Professionals Play Catch-Up Weeks After Gov’t Shutdown

PYMNTS

Wired pointed to a report in the spring by the Office of Management and Budget which concluded that 74 percent of federal agencies need an upgrade of their digital defenses urgently. The report noted that there are concerns that the real impact from the shutdown will take time to play out.

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FBI Probing Hack Of US Electricity Providers

PYMNTS

Ted Cash, general manager of ALP Utilities in Minnesota, revealed that his employees “found a quarantined email in a restricted account” after being contacted by the FBI. “We never got compromised, and never saw the phishing emails,” he said. The email was then downloaded onto a disk and sent to the FBI for analysis.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Digital Security. This continued to be a hot area with several deals including: TransUnion’ s acquisition of identity analytics provider Neustar Mastercard acquired digital identity provider Ekata Canapi Ventures invested in security/behavior analytics firm Neuro-ID The aforementioned DefenseStorm funding round.

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Farmhouse Market’s Remotely Operated, 24/7 Grocery Store

PYMNTS

Such locations can be critical in expanding retail options for smaller cities and towns, too, and staff-free grocery store Farmhouse Market seeks to do just that for consumers in New Prague, Minnesota. Designing For Security And Remote Management . It has to be in order for it to be manageable from afar.”.

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IPO Surpasses Expectations For Payroll Firm Ceridian

PYMNTS

Ceridian Holdings, the owner of human capital management software Dayforce, completed what the publication said was the largest initial public offering (IPO) in the history of its home state of Minnesota, surpassing expectations when it closed at $22 a share. Analyst estimates had predicted between $19 and $21 per share.

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