Finance News, Articles and Updates

Russian bank app changes password when users attempt removal

Russian bank app changes password when users attempt removal

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Researchers discovered a Russian fake banking application that can evade detection by changing a device's password if the victim tries to remove the app.

Flaws on Visa's HTTPS-protected sites allow hackers to insert JavaScript code

Flaws on Visa's HTTPS-protected sites allow hackers to insert JavaScript code

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Vulnerabilities allow attackers to use an exploit known as the "forbidden attack," affecting dozens of Visa Inc.'s HTTPS-protected websites.

Credit card skimmers detected in Walmart stores

Credit card skimmers detected in Walmart stores

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Newer chip-based cards are more difficult for thieves to counterfeit and can combat the vulnerabilities presented by card-skimming strategies.

Banks fail to innovate, blaming info security fears, report

Banks fail to innovate, blaming info security fears, report

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Senior executives at retail banks are motivated to offer digital services, but are held back by cyber security concerns, according to a new study from Cisco.

SWIFT exec unveils info sharing plan, calls Bangladesh 'a watershed event'

SWIFT exec unveils info sharing plan, calls Bangladesh 'a watershed event'

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SWIFT CEO Gottfried Leibbrandt issued details of the messaging service company's information-sharing strategy.

Cash stolen from 1,400 ATMs in Japan in coordinated attack

Cash stolen from 1,400 ATMs in Japan in coordinated attack

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As many as 100 people are believed to have taken part in a heist of nearly $13 million (USD) from 1,400 cash machines in Japan.

NTIA study: Security threats deter online activities like making purchases and banking

NTIA study: Security threats deter online activities like making purchases and banking

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A new government survey shows that U.S. households are growing averse to even the most routine online transactions, due to cyberattacks imperiling users' finances, identities and privacy.

Second bank hit with SWIFT-based hack, experts say patches failed

Second bank hit with SWIFT-based hack, experts say patches failed

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The revelation by SWIFT that another bank was victimized using the same MO as that in the Bangladesh bank hack has the security industry believing the SWIFT system is flawed and possibly still vulnerable to another attack.

AbaddonPOS malware preys on retail POS software

AbaddonPOS malware preys on retail POS software

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Point-of-sale (POS) malware is still a clear and present danger, say Proofpoint researchers.

Bangladesh bank investigators reportedly find three separate network intruders

Bangladesh bank investigators reportedly find three separate network intruders

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The investigation into the bank heist that cost Bangladesh's central bank $81 million has taken a byzantine turn, as a new report surfaced of multiple hacking groups infiltrating the bank's network.

Securities fraudsters who stole from 100M people to be extradited from Israel

Securities fraudsters who stole from 100M people to be extradited from Israel

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Two Israeli men accused of securities fraud and hacks into media outlets and nine financial institutions, including JPMorgan Chase, Fidelity Investments and E*Trade Financial Corp., will be extradited to the U.S.

Tax payer info exposed in five breaches, FDIC

Tax payer info exposed in five breaches, FDIC

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Five major breaches have put at risk taxpayers' PII, the FDIC told Congress on Monday.

Bangladeshi banking officials blame $81M bank heist on incorrectly-installed software

Bangladeshi banking officials blame $81M bank heist on incorrectly-installed software

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Bangladesh Central Bank officials are pinning the blame for an cyberattack that netted $81 million from the financial institution on SWIFT's for incorrectly installing new software.

Liberty Reserve founder sentenced to 20 years

Liberty Reserve founder sentenced to 20 years

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Arthur Budovsky, operator of an online payment processor popular with cybercriminals, was sentenced to 20 years in prison for money laundering.

Charles Schwab data breach exposed client investment data

Charles Schwab data breach exposed client investment data

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Charles Schwab informed some of its customers on May 4 that their accounts were likely accessed by an unauthorized person possibly exposing their names, account information and other financial data.

Gozi malware creator cuts deal, gets time served and $7M fine

Gozi malware creator cuts deal, gets time served and $7M fine

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Gozi banking malware creator Nikita Kuzmin sentenced to time served and a $7 million fine as the U.S. Attorney's office tells judge Kuzmin provided "substantial assistance" to the government.

Marcher banking malware hitting Australia

Marcher banking malware hitting Australia

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Marcher Madness continues with a new, stealthier iteration of the Marcher banking malware targeting Android users in Australia.

SWIFT confirms additional cyberattacks on its messaging system

SWIFT confirms additional cyberattacks on its messaging system

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The financial messaging organization SWIFT has issued a warning to its customers stating its system has undergone repeated attacks similar to those that lead to $81 million from a Bangladesh bank.

Sixth teen arrested in breach of U.K. ISP TalkTalk

Sixth teen arrested in breach of U.K. ISP TalkTalk

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A teenager turned himself in to police in Staffordshire, U.K., where he was arrested on charges stemming from a breach of internet services provider TalkTalk.

Data breaches fueled valuations of cyber firms

Data breaches fueled valuations of cyber firms

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Stoked by headlines announcing major data breaches, the stock valuations of cybersecurity companies outperformed the Nasdaq and S&P 500 by double over the past three years.

Research: Over 6,000 data breaches in key industry sectors since 2005

Research: Over 6,000 data breaches in key industry sectors since 2005

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The Identity Theft Resource Center (ITRC) and IDT911 said that to date, the financial services, business, education, government and healthcare industrial sectors have experienced over 6,000 data breaches since 2005.

Hacked Swedish military servers used in 2013 DDoS attacks

Hacked Swedish military servers used in 2013 DDoS attacks

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Swedish military servers were used by hackers to launch 2013 attacks against U.S. financial institutions, according to reports.

Atmos, Citadel malware variant, hitting French banks

Atmos, Citadel malware variant, hitting French banks

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A variant of the notorious Citadel malware, dubbed Atmos, is targeting financial institutions in France, six months after Citadel's author was imprisoned.

Mattel duped out of $3M in phishing scam, recovers loot

Mattel duped out of $3M in phishing scam, recovers loot

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U.S. toy manufacturer Mattel fell victim to a phishing campaign, but was able to recover its money.

Cyber fraud stops Kiss from rocking and rolling all night long

Cyber fraud stops Kiss from rocking and rolling all night long

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The organizers of a huge music festival featuring more than 50 acts and slated to start April 30 was totally derailed by an as yet unnamed cyber event forcing the promoters to reschedule the show for later this summer.

Biometrically challenged: three-factor authentication systems too weak for web banking

Biometrically challenged: three-factor authentication systems too weak for web banking

Despite new adoptions by RBS and Natwest, even three factor authentication may not be enough to adequately defend online banking against attackers according to experts

Typo spells trouble for hackers, foils Bangladesh bank plot - UPDATE

Typo spells trouble for hackers, foils Bangladesh bank plot - UPDATE

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A plot to steal up to $1 billion from Bangladesh's central bank by siphoning funds out of its U.S. Federal Reserve account was by and large foiled after a hacker's typo triggered an investigation, Reuters reported.

Russia's Central Bank to accelerate fight with cyber-criminals

Russia's Central Bank to accelerate fight with cyber-criminals

The Bank of Russia is to double the number of staff in its FinCERT unit, a special division set up to fight cyber-crime in the credit and financial sectors.

Finland's foreign ministry hacked by Russian or Chinese spies

Finland's foreign ministry hacked by Russian or Chinese spies

Finland's foreign ministry computer network has been infiltrated by spies, foreign minister Erkki Tuomioja has revealed to the media.

Kaspersky sees uptick in spam from fake 'Amazon stores'

Kaspersky sees uptick in spam from fake 'Amazon stores'

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Kaspersky noticed an increase in fake emails that claim to be from Amazon online stores offering free gifts.

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