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Visa’s Rule Change Aims to Combat Friendly Fraud Losses for Small Businesses In an effort to help small businesses fight against first-party misuse in card-not-present transactions, Visa Inc. has announced a significant evolution in its dispute program. According to Visa, this change has the potential to save small businesses worldwide over a billion dollars in…
Ransomware Strain TZW Targets Individuals and Small Businesses Researchers at security and operations analytics firm Netenrich have identified a new strain of ransomware called TZW, which targets individuals and small businesses. Unlike typical ransomware attacks that demand millions of dollars in ransom, TZW demands smaller ransoms from each client. This approach allows the threat actors…
The Need for Cybersecurity Support for Small and Midsize Organizations In recent years, the cybersecurity industry has primarily focused on protecting large organizations from sophisticated cyberattacks. While these efforts are crucial, they have come at the expense of smaller or midsize organizations that lack the same resources but face the same threats. This imbalance has…
Ransomware Group 8base Comes to Light A ransomware group known as 8base has recently emerged from the shadows after operating discreetly for over a year. The group has gained attention due to a series of business data leaks on the Dark Web. 8base has been conducting double-extortion attacks against small and midsized businesses (SMBs) since…
Cybersecurity Funding: Blumira Raises $15 Million for SMB-Tailored XDR Platform Overview Blumira, a cybersecurity startup, has raised $15 million in Series B funding to launch a new extended detection and response (XDR) platform specifically designed for small and medium-sized businesses (SMBs). The investment round was led by Ten Eleven Ventures, with participation from HPA, Mercury…
CISA, the US Cybersecurity and Infrastructure Security Agency, is aiming to help small businesses, schools, and local government agencies in their fight against cyber threats. According to its director, Jen Easterly, most of these groups do not have the finances or resources to defend themselves from attackers, making them easy targets. Out of all the…