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"As a product-driven company, we are excited to offer a is one of the most powerful weapons against ransomware,"
solution that accelerates speed-to-value and reduces the she said, adding that CISA is aware that not everyone
cost of acquisition, and we are thrilled to partner with has the same resources to prevent and fight ransomware
Google Cloud to solve industry challenges that have been threats.
difficult to solve with previous generations of technology,"
he said. Chris Arisian, director of ISV partnerships at PayPal revamps pricing, hikes ecommerce fees
Google Cloud, agreed ThetaRay's SONAR can help Google Many businesses that accept PayPal will start paying
Cloud users "build and scale their digital infrastructure, higher processing fees this summer; in some cases the
securely and safely." fees will climb by more than 40 percent. Online sellers
Fed, cyber experts unite against ransomware currently pay 2.9 percent plus 30 cents to accept PayPal
digital products (for example, PayPal Checkout, Pay with
Ransomware attacks against critical infrastructure Venmo and Checkout with crypto). Beginning Aug. 2, the
have inspired government and private sector alliances, cost rises to 3.49 percent plus 49 cents. That’s a 78-cent
according to recent reports. The Verizon Business 2021 Data (or 24.3 percent) fee increase on a $100 ticket; the fee for
Breach Investigations Report found attacks on the rise as processing a $10 online purchase will jump from 59 cents
well as average ransom payments, which have increased to 84 cents, or a whopping 42 percent.
by 171 percent in just a year, researchers found. The
Cybersecurity and Infrastructure Security Agency, a risk The fintech will also impose a new, mostly lower fee
advisory focused on mitigating cyberattacks, and Infosec, structure for online payments using traditional credit and
an education company, are making free resources available debit cards (Visa, Mastercard, Discover): 2.59 percent plus
to business owners, including CISA's Ransomware Guide, 49 cents. Online sellers processing these cards through
to help educate the public about security best practices. PayPal can opt for chargeback protection, for a higher per
transaction fee of 2.99 percent plus 49 cents.
Amy Nicewick, section chief of communication
management at CISA, stated that the free tools will help
organizations stay a step ahead of bad actors. "Education