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IndustryUpdate

optimism is growing, with 56 percent of respondents
expecting their financial situation to improve within
Unlock Your the next year and 64 percent anticipating improve-
ment over the next three years.
Growth Potential Ransomware attacks experience steep drop

In June 2024, global ransomware attacks decreased sig-
With a BCP Loan nificantly, totaling 331 cases, marking the first decline
below the year's average since January, NCC Group
reported. The reduction is attributed to increased
international law enforcement efforts, particularly
impacting the notorious LockBit 3.0 group, whose
activity dropped to just 11 attacks. The industrials sec-
tor remained the most targeted, accounting for 32 per-
cent of attacks, with North America and Europe rep-
resenting 79 percent of global cases. Other prominent
threat actors like Play, RansomHub and Akira RaaS
filled the void left by LockBit 3.0’s decline, researchers
noted. Play emerged as the most active group with 35
attacks. The decline in LockBit 3.0's activity highlights
the effectiveness of law enforcement in disrupting
cyber threats. However, cybersecurity experts warn
that other ransomware groups may exploit this power
vacuum, underscoring the need for continued vigi-
lance across all sectors.

PARTNERSHIPS

Checkout.com launches Google
Pay secure authentication

Checkout.com, a global digital payments provider,
said it partnered with Google Pay to offer merchants
its biometric-based secure payment authentication
service, which is designed to reduce cart abandon-
ment, enhance the customer experience and drive
higher conversion rates. The partnership enables
Checkout.com to provide brands with a faster, more
secure authentication process, enhancing digital pay-
ments performance, the company said, adding that
early results show significant improvements, with
travel platform eSky reporting a 14-second reduction
BOCA in checkout time, a 5 percent increase in authentica-
CAPITAL tion rates, and a 3 percent increase in authorization
PARTNERS success rates. In addition, merchants can leverage
checkout.com's AI-based dynamic routing to optimize
the authentication process.
Get a loan from $100,000 to Future Ticketing looks forward with Ryft

$5,000,000 for your ISO today Payments solutions provider Ryft partnered with
Future Ticketing, a next-generation software solution
for ticketing companies, to enhance payment options
for Future Ticketing’s customers. The partnership
Call Now: 844-531-4957 aims to address the digital ticketing industry’s need
for flexible and diverse payment options, moving
bocacapitalpartners.com away from a one-size-fits-all approach. This collabo-
ration, the partners stated, allows Future Ticketing
clients to choose Ryft as their payment provider,
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