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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.

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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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GoDaddy Agrees To Buy Poynt To Boost Digital Payments Technology

PYMNTS

GoDaddy was interested in Poynt because of the digital shift in payments due to the pandemic, as well as in-person and online shopping converging more all the time, the release stated. Poynt is used by over 100,000 merchants and has over $16 billion in annual gross merchandising volume (GMV), according to the release.

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Top 10 Crypto scams to look for in 2023

Abrigo

According to the FTC, the top ten crypto fraud trends to watch in 2023 are: Investment scams: Investment scams come with "get rich quick" and "no risk" promises, often initiated through social media or online dating apps. Upgrade scams: Crypto platforms are a form of software that, at times, requires upgrades.