New online educational tools to assist bank executives in defending against cybercrime have been added to the website of the FDIC.
The EU is looking to crack down on anonymous currency exchanges that could be used by terrorist.
In an environment in which cyber professionals are overwhelmed by rapidly changing security threats, industry pros generally agree that a remediation plan must involve difficult decisions about the security issues that companies are willing to accept the risk rather than take action.
A new variant of the notorious banking trojan Dyreza has been detected by researchers at Heimdal Security.
It's not the chip cards themselves but the slow adoption of the platform in the U.S. that is leaving consumers vulnerable to credit card fraud, an FBI representative said recently.
FireEye CEO blames losses on China cybertreaty, competitors dispute drop in China's hacking activities
Publicly listed FireEye Inc. missed its projected quarterly earnings and during an earnings call CEO Dave DeWalt attributed the disappointing results in part to the U.S.-China cybertreaty announced during Chinese President Xi Jinping's U.S. visit in September.
Regulatory agencies in the U.S. are increasingly concerned by ransomware attacks against financial institutions. The Federal Financial Institutions Examination Council (FFIEC) published a statement warning financial institutions of an uptick in the "frequency and severity of cyber attacks involving extortion."
JPMorgan Chase & Co.'s CSO Jim Cummings reportedly was reassigned to a new position within the bank following the company's major data breach this past year.
Banks are warning Apple Pay users against storing other people's fingerprints on their iPhones, with a threat that would void terms & conditions agreements.
A new ATM will be able to grant customers permission to withdraw money through a scan of their irises or a QR code on their smartphones.
Internet security specialist Thales has signed a definitive agreement to acquire the data security firm Vormetric for $400 million.
Trend Micro has inked a deal to acquire Hewlett-Packard's TippingPoint network security segment for about $300 million and will operate the unit independently with plans to eventually fully integrate it into the parent company at a later date.
A group of Russian hackers are reported to have hacked Dow Jones & Co. servers in pursuit of embargoed market-moving information more than a year ago.
Zero-Day exploit in popular e-commerce platform Magento plug-in could allow attacker to steal payment card data.
The Internet Crime Complaint Center (IC3) issued a warning on Tuesday that reminded credit card users that the use of EMV chips doesn't prevent against fraud.
U.S. Marshals will auction about 44,341 Bitcoins that were seized from Silk Road operator Ross Ulbricht.
A vicious phishing attack is currently running rife in Germany targeting PayPal users, trying to get them to download what on the surface looks like the official PayPal app, but is actually a banking trojan.
Australian businesses are turning away from bitcoin since Australian banks made the move last month to close 13 of the country's 17 bitcoin exchanges' accounts.
Worldpay, a payment processing technology company, said it's researching using facial recognition in stores around the UK as a card fraud preventative measure.
Federal authorities raided the offices of a digital currency firm accused of swindling investors out of more than $32 million.
Ireland's Central Bank's deputy governor, Cyril Roux, has warned that it may only be a matter of time before a cyber-attack builds a problem that descends across the broader financial industry.
The banking trojan Shifu is targeting 18 banks and wealth management firms in the U.K.
The London Stock Exchange has floated a cyber-security Exchange Traded Fund (ETF) this week, marking the first time a fund of this kind has found its way on to the LSE.
A processor of crypto-currency has been the most recent victim in a massive hacking campaign which has seen the company lose 5000 bitcoins, currently valued at over a million pounds.
Nine financial institutions have formed an international coalition, in conjunction with the financial technology firm R3, to create and deliver advanced distributed/shared ledger technologies to global financial markets.
GCHQ has reportedly helped warn a large number of intended victims in UK-based banks, government agencies and other corporates being targeted with the Dridex Trojan.
IBM's X-Force research team has reported that the recently discovered CoreBot malware has lived up to its earlier warnings quickly transforming into a full-fledged banking Trojan that is active in the wild.
After conducting London-based tests on bitcoin, Barclays will let people begin to make charitable contributions using the virtual currency.
A pair of security firms observed an uptick in Dyre infections with new variants exploiting a vulnerability already patched by Microsoft.
NYSE began rolling out a software release, causing communication issues between customer gateways and trading units.
Reports indicated that trading in New York came to a half a little after 11:30 a.m.
Mobile malware jumped 6.4 percent from Q4 2015 to Q1 2015 with half of the malware being financially motivated, a G DATA study showed.
In the year following Gameover Zeus takedown efforts, Dyre has steadily emerged as the financial trojan of choice among cybercriminals.
Researchers with Websense said attackers target the financial services sector more than other industries for a simple reason: money.
A Turkish man accused of stealing nearly $60 million in ATM heists and cyber attacks will be extradited to the U.S. after a custody battle.
Europol arrested a total of 49 suspects Tuesday as the result of a joint investigation into a cybercrime gang that defrauded victims out of six million euro.
A New York man was robbed at gunpoint for $1,100 worth of Bitcoin in a Craigslist deal gone bad.
International law enforcement, with the help of security firm Group-IB, arrested alleged members of the criminal group in late May.
There's been quite a bit of lip service paid to the ages-old concept of information sharing, says Illena Armstrong, VP, editorial, SC Magazine..
Italian Financial Police picked up more than 10 people who were purportedly part of an international criminal organization that laundered money from online scams.
Former GCHQ director Sir Iain Lobban will be joining London-based Standard Chartered bank to prevent cybercrime.
An SEC commissioner's chief of staff and shareholder advocacy expert discussed complex disclosure expectations among investors.
The New York State Department of Financial Services issued an update on cyber security in the banking sector with concern to third-party service providers.
Trend Micro warns that the threat could spread, as the sole perpetrator of the attacks is selling the malware.
The malware, which is still spread through phishing emails, is now in its third iteration, Kaspersky Lab researchers revealed.
Trend Micro believes that point-of-sale malware attackers will increasingly target travelers.
Russian authorities have ramped up efforts to locate criminals spreading ATM malware Tyupkin.
Sarah Dahlgren, the New York Fed's head of supervision, announced that the bank had created a team dedicated to cybersecurity.
In this campaign, the banking trojan, also known as Vawtrak, was spread via drive-by download.
Members of the U.S. House of Representatives have announced that they have joined together to form a bipartisan caucus to investigate payment technologies.
The variant takes new measures to avoid VM detection, PhishMe researchers found
But the U.S. still remains the top country in detections, a Symantec report found.
Experts debate whether the financial industry has a leg up in terms of their cybersecurity strategy when compared to other industries.
Trend Micro says attacks, where signed POS malware was used, are tied to the APT group Carbanak.
Neverquest, also known as Vawtrak, is data stealing malware that targets banking information.
Three researchers with the University of Luxembourg have generated a method to expose Bitcoin users that has the potential to work more than half of the time.
PricewaterhouseCoopers surveyed more than 700 financial service companies and found that they plan to bulk up their cybersecurity efforts in the coming years.
One-time passwords (OTPs) sent via SMS are increasingly the target of Android malware, the report by Javelin revealed.
Trend Micro detailed the variant and attackers' delivery techniques.
FS-ISAC teamed up with the Depository Trust & Clearing Corp on the Soltra Edge platform which will deliver information on breaches and threats to the financial sector.
Robert Dubuc hacked into various financial accounts and used them to divest money to other accounts and buy pre-paid debit cards.
Lamar Taylor was sentenced in New Jersey this past week for allegedly participating in a cybercrime scheme that accounted for more than $15 million.
The settlement brings some resolve to the 2012 breach, where the bank lost unencrypted backup tapes.
The Corporate Challenge site was one of many avenues tested by persistent attackers, reports reveal.
Fidelity claims, however, that no customer data appears to have been stolen.
MBIA says clients of its subsidiary, Cutwater Asset Management, were impacted.
The malware allowed criminals, with physical access to ATMs, to steal millions, Kaspersky revealed.
As the extent of the Chase breach surfaces, experts urge financial institutions to prepare for continued attacks or face impending consequences.
A Consumer Financial Protection Bureau campaign to curb deceptive banking activities has resulted in U.S. Bank being ordered to refund $48 million.
In an interesting twist, financial malware Citadel was used to infect firms outside of the finance sector via APT attacks, Trusteer found.
The suspect, Godswill Oyegwa Uyoyou, conspired with others to hack bank systems and divert 6.28 billion Naira to mule accounts.
This summer's attack on the bank's network might have helped hackers detect subtle vulnerabilities they could exploit in the future.
The "Cybersecurity: Protecting the Payments Systems" summit will encourage coordination between all cybersecurity and industry entities.
Android devices in Korea have primarily been impacted by the malware.
Hackers exploited a zero-day vulnerability and gained access to sensitive information from JPMorgan Chase and at least four other financial institutions, reports indicate.
More than 12,000 messages have been sent to more than 400 companies as part of a phishing campaign targeting users of Bitcoin wallet Blockchain.info.
The National Bureau of Investigation (NBI) warned that the incident showcases the growing incidence of ATM skimming fraud.
The guidance is meant to help merchants and third parties better understand their roles and responsibilities in the payment security ecosystem.
Two hackers demonstrated how device vulnerabilities could allow attackers to access sensitive card data using multiple attack vectors.
Trusteer, an IBM company, said the new Citadel configuration was detected this month.
Symantec researchers found a new variant of the banking trojan.
On Tuesday, Trend Micro released a report detailing Operation Emmental, which targets victims in Austria, Switzerland, Sweden and Japan.
Bloomberg revealed that hackers used two zero-day flaws to breach NASDAQ's servers in 2010.
On Wednesday, Symantec released details on the malware's developed features.
Trusteer, an IBM company, revealed details on the bolware variants, which employ new tactics to manipulate web pages used for Boletos transactions.
Australia-based Bitcoins Reserve lost more than $62,000 after phishers began targeting bidders interested in the auction of 30,000 Bitcoins confiscated in the Silk Road takedown.
RSA has revealed the extent of bolware attacks in the country, which have remained a pervasive issue in the financial sector.
A point-of-sale and security systems vendor is notifying its customers, some of which are big restaurant chains, that its remote access service was breached.
The new Zeus variant employs AES-128 encryption as opposed to the older RC4 cipher used by other Zeus iterations.
Researchers with PhishLabs analyzed nearly 9,000 phishing kits and learned that financial groups and social networks are most targeted.
So far, the new variant has targeted 14 major banks in the country, Trusteer found.
After accessing operator mode on an ATM, two ninth graders in Canada promptly notified the machine's owner, the Bank of Montreal.
Chip technology can prevent criminals from producing counterfeit credit cards.
Researchers with IntelCrawler have uncovered "Nemanja," a point-of-sale malware that has infected nearly 1,500 devices and has compromised close to half a million payment cards.
Anyone needing cash in Poland soon will have access to ATMs that feature biometric security.
PhishLabs estimates that as many as 400 payment cards per day are compromised through the "vishing" attacks.
Nine men were sentenced this week, with the group's leader getting five-and-a-half years.
The bank also oversaw last year's "Waking Shark II" simulated cyber attacks throughout London.
According to the U.S. Government Accountability Office (GAO), SEC, among other lapses, failed to adequately oversee a contractor, which migrated its financial system to a new data center.
Disruption is expected; financial crime should be, too.
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SC Magazine Articles
- RSA: Cyber-security industry is "fundamentally broken", says Amit Yoran
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- Top Priority: Federal Government must get cybersecurity right
- Cyber and real war come together in the Ukraine
- Version 4.0 of ransomware Cryptowall released, now encrypts file names