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There is a New Version of TeslaCrypt Ransomware Rapidly Spreading

There is a New Version of TeslaCrypt Ransomware Rapidly Spreading

This new version of ransomeware is spread by unpatched WordPress websites.  These unpatched websites direct users to sites where they become infected with TeslaCrypt via ads.  The user does not have to click on any of the ads to become infected.  TeslaCrypt encrypts the user’s files, and then demands a ransom be paid before unencrypting.

To protect against getting TeslaCrypt, you should ensure that you are not running outdated versions of Adobe Flash Player, Adobe Reader, Microsoft Silverlight or Internet Explorer.

Additionally, it is vital to have a good backup and recovery solution, should one of your systems become infected.

There has only been been limited information released about TeslaCrypt.  We will continue to monitor the issue and keep you informed.
Call the Quanexus support team with any questions about TeslaCrypt Ransomeware at 937 885-7272..

Posted by Jack Gerbs in Recent Posts
President’s Message – Quanexus is Moving!

President’s Message – Quanexus is Moving!

We’ve been at our current address since 1996, and while it has served us well, we’ve grown to the point that we need additional and more functional space.  We are happy to say we’ve found our new home and it will be at 571 Congress Park Drive. The new building will almost double our office space and provide our employees and clients easier access to the office via 675 and 725.  Over the past year, we’ve added 3 new positions and filled 1 vacancy.  We hope to continue to grow and add new employees to our team in the years to come. We’re very thankful to all of our customers, family and friends who have supported us for all these years.  Our plan is to be in the new office before the end of 2015.  More updates will follow in the next newsletter and social media.

Posted by Jack Gerbs in Recent Posts
EMV Credit Card Processing – Are You Ready?

EMV Credit Card Processing – Are You Ready?

Important information about EMV Credit Card Payment Readiness is available through NPS, Quanexus and Dunlevey, Mahan + Furry.  Some important areas to consider.

  • Why EMV matters to merchants and how to be ready
  • The technological perspective on preparedness, do you have an IT Security Policy?
  • Liability mitigation of the fallback plan

Ask us for more information.

www.quanexus.com, 937 885-7272

Posted by Jack Gerbs in Recent Posts
Credit Card Security

Credit Card Security

The US credit card industry uses a magnetic strip on the card and only requires a signature for a transaction.  When a card is not available at the point of sale (POS), the CMV code (three or four digit code on the back of the card) is required.  Over the years, this technology has proven to be very insecure.  Europay, MasterCard and Visa created a new, secure global standard EMV for credit card payment.  The standard was created as a means to accept integrated circuit (IC) chip based payment cards.  Other card companies such as American Express, Discover and others have joined the standard, which also includes protections for purchases made on-line, when the card is not present at the point of sale.  The US is the last country to adopt EMV, and makes up 24% of global credit card transactions and is responsible for 50% of worldwide fraud.

Coming this October, the liability on who is responsible to cover fraudulent transactions will shift from the financial services company (issuing bank) to the merchant (the store/vendor).  The current liability language leaves room for interpretation, but if you are a merchant that accepts credit cards, it is highly recommended you plan on being able to accept EMV cards by October.

Americans who travel overseas have had issues with magnetic stripe cards not being accepted.  The US adoption of the EMV standard will resolve this issue.  The cost for a striped credit card is 25 cents compared the price of a chip card, which is upward of $2.50 each.

In 1995, EMV 2.0 was the first full release of the standard.  The current version of the EMV standard is 4.3, which was released in 2011.

Posted by Jack Gerbs in Recent Posts