May 09, 2013
For their role in a brazen heist, eight New York-area individuals are accused of withdrawing around $2 million in one day from hacked prepaid debit card accounts. Globally, the crime ring was responsible for stealing around $45 million.
The trojan carries out a one-time password scam. Researchers who studied the new malware strain, affecting U.K. bank customers, said they are fascinated by the attention to detail the fraudsters applied to the ruse.
Despite the arrests of Gozi ringleaders, the banking trojan still persists and is behind thousands of new infections in the United States.
Law enforcement in Russian and Ukraine have dealt a major blow to a prolific banking malware operation.
March 26, 2013
Finance companies should adopt an approach of least privilege, which takes into account security and productivity by granting users only the rights necessary to carry out their jobs.
A representative of JPMorgan Chase has confirmed the website of the banking giant suffered a distributed denial-of-service attack Tuesday.
A group of hackers is dissatisfied with efforts to remove an anti-Muslim video from YouTube.
Two men have been indicted in Manhattan on charges they operated a nationwide ATM skimming ring that defrauded bank customers out of more than $3 million, the U.S. attorney's office has announced.
A hacktivist group said Tuesday it has suspended its online barrage against dozens of U.S. banks after one of the highest-viewed YouTube videos of "Innocence of Muslims" came down.
Financial institutions under the FFIEC's jurisdiction have 60 days to comment on proposed guidance designed to ensure they are managing their risk when using social media.
Gozi's creator, Nikita Kuzmin, pleaded guilty to computer intrusion and fraud charges, which could mean 95 years in prison.
Results from a new survey reveal that financial institutions are becoming more successful at reducing fraudulent transactions, as banks improve their protocols and technology and customers become more security conscious.
DDoS attacks against financial institutions in the U.S. may continue unless an anti-Muslim film is pulled offline, hacktivists allege. But a New York Times report said Iran is actually behind the bank website disruptions.
A hacktivist group claims it already has launched the second phase of DDoS strikes against U.S. banks.
The Office of the Comptroller of the Currency offered best practices and a compliance reminder for banks seeking to guard against DDoS attacks, which often signal that a bigger problem is happening behind the scenes.
An information-gathering trojan has successfully compromised servers at a number of U.S. financial institutions, according to researchers at security firm Symantec.
RSA researchers believe individuals behind the Carberp botnet are taking advantage of an opening in the marketplace, left by the withdrawing Citadel network.
McAfee has released new findings that incline its researchers to believe the trojan will be a "credible threat" for banks next year.
Judges now may be more apt to take side of small and midsize businesses, not their banks, thanks to a settlement that will allow a small Maine developer to recoup some of its losses from an account takeover.
The latest strain of banking trojan Shylock invokes a new method to circumvent the prying eyes of security researchers.
Comparable to the United States' Automated Clearing House (ACH) electronic payment system, SEPA is now being targeted by fraudsters looking for new ways to extort money.
According to a report, the CEO of Vermont State Employees Credit Union says the two lost tapes are likely "at the bottom of a landfill" and irretrievable.
Fraudsters tampered with the point-of-sales devices at a number of locations to steal customers' debit and credit card information.
The latest Citadel version allows botmasters to more easily deliver instructions to computers under their control.
TD Bank has begun notifying customers that it lost two backup computer tapes containing their personal information
Security researchers at RSA warned Thursday that a sophisticated plan is being hatched online to raid the bank accounts of customers at some 30 banks in the United States.
Atlanta-based payment processor Global Payments expects to take a hit of another $55 to $65 million related to a data breach it sustained earlier this year.
A new round of DDoS attacks against U.S. financial institutions are underway this week, and they may be related to an anti-Muslim film trailer that has sparked worldwide outrage.
An online collective citing opposition to banks and the arrests of fellow hacktivists has published one million stolen records.
A Chicago woman with roots in Nigeria was sentenced this week to 30 months in prison for playing a key role in extracting cash from the bank accounts of individuals whose prepaid payroll information was stolen in a massive 2008 breach.
