Ransomware Hits B2B Payments Firm Billtrust
Summary: Billtrust, a Lawrence Township, N.J.-based B2B payments provider with more than 550 employees, became aware of a malware intrusion on Thursday, Oct. 17, and said it was in the final stages of restoring systems from backups. CEO Steven Pinado said the company stopped the activity within its systems and that several systems had become unavailable to customers, while an unconfirmed BleepingComputer report citing an unnamed source named BitPaymer as the ransomware strain.
What you should know: Billtrust sits between companies and their invoices, so when its systems went down, customers' bills stopped reaching their own customers and cash flow slowed - a reminder that an outage at a payments intermediary is felt by every business downstream of it.
Read the original at Krebs on Security ↗
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