Finance News, Articles and Updates

Lost devices leading cause of data breaches, report

Lost devices leading cause of data breaches, report

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Phishing scams and ransomware attacks may be grabbing the headlines, but for the financial sector lost or stolen mobile devices were the leading cause of data breaches over the last decade.

M&A deals bring added cybersecurity risks

M&A deals bring added cybersecurity risks

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Security professionals are increasingly concerned by cybersecurity risks that arise as a result of mergers and acquisitions transactions, particularly the use of cyberespionage to gain information on the competition.

Three indicted in Switzerland for phishing scam

Three indicted in Switzerland for phishing scam

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Three people have been charged in Switzerland for a global computer fraud scam.

Report: ATM hackers flee Thailand after stealing $350,000 from state-run bank

Report: ATM hackers flee Thailand after stealing $350,000 from state-run bank

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Five suspected cyberthieves have reportedly fled Thailand after allegedly stealing approximately $350,000 in cash from 21 malware-infected ATMs operated by the state-run Government Savings Bank (GSB).

GozNym malware is proficient in German, new malicious campaign proves

GozNym malware is proficient in German, new malicious campaign proves

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Thirteen German financial institutions and their subsidiaries have recently felt the wrath of GozNym as the downloader and banking malware hybrid intensifies its campaign against European banking customers.

New Zeus Sphinx banking trojan hitting Brazil

New Zeus Sphinx banking trojan hitting Brazil

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Capitalizing on Olympics activity, a new version of Zeus Sphinx has been targeting banks in Brazil and Colombia.

New Scylex financial crimeware strives to be the next Zeus

New Scylex financial crimeware strives to be the next Zeus

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If Zeus was the king of banking trojans, then newcomer Scylex is looking to claim Zeus' old perch atop the Mt. Olympus of financial malware.

Jury selection in Seattle for Russian hacker charged with credit card fraud

Jury selection in Seattle for Russian hacker charged with credit card fraud

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Roman Valerevich Seleznev, a Russian charged with hacking into servers and global carding forum sites resulting in $170 million in phony credit card purchases, will face a federal jury this week.

Report: Spyware used to dox Vietnam Airlines is lurking in other Vietnamese institutions

Report: Spyware used to dox Vietnam Airlines is lurking in other Vietnamese institutions

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Spyware that was recently found to have infiltrated Vietnam Airlines has also embedded itself in the website operations of various Vietnamese institutions, warned cybersecurity firm Bkav, the Vietnam News Agency reported.

Four Australian banks seek Apple tech for mobile transactions, Apple says no

Four Australian banks seek Apple tech for mobile transactions, Apple says no

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A group of four banks in Australia want customers to be able to use the banks' own mobile apps when conducting financial transactions with Apple Pay.

Investment in cybersecurity strong as cyberthreats increase

Investment in cybersecurity strong as cyberthreats increase

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Venture capitalist investments in cybersecurity firms have seen a 235 percent growth rate over the past five years as cyberthreats increase.

Trader pleads guilty in newswire hacking scheme

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A Georgia-based trader pleaded guilty to fraud for involvement in a scheme that gained financial information from embargoed press releases.

Barclays rolls out voice recognition security

Barclays rolls out voice recognition security

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All clients of Barclays bank will now be able to verify their banking accounts using voice-recognition technology.

Feds nix SMS-based 2FA

Feds nix SMS-based 2FA

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Government service providers will be required to phase out the use of SMS-based two-factor authentication (2FA) as the result of new guidelines from the National Institute of Standards and Technology (NIST).

Possible breach at GunMag Warehouse

Possible breach at GunMag Warehouse

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A third-party provider is being blamed for a possible breach into customer transactions at GunMag Warehouse.

House committee grills FDIC after report details history of data breach cover-ups

House committee grills FDIC after report details history of data breach cover-ups

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An interim report filed yesterday by the U.S. House Committee on Science, Space and Technology revealed gaping holes in the FDIC's cybersecurity posture and accused the financial institution of withholding documents pertaining to data breaches.

Rapid7 researchers: Flaw found in Seeking Alpha financial news app could leak info

Rapid7 researchers: Flaw found in Seeking Alpha financial news app could leak info

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Rapid7 researchers said a flaw discovered financial news platform Seeking Alpha's mobile apps could leak users' PII and confidential information.

Malware suspected in ATM heist in Taiwan

Malware suspected in ATM heist in Taiwan

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ATMs in Taiwan were spewing money over the weekend in what authorities believe were malware-aided thefts.

SWIFT hires two cybersecurity firms in wake of digital heists

SWIFT hires two cybersecurity firms in wake of digital heists

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The financial messaging cooperative SWIFT announced today that it hired two cybersecurity firms and also created a Customer Security Intelligence team in order to bolster cyber defenses, strengthen forensic investigations and promote information sharing.

Avast's $1.3B AVG deal signals move toward SMBs and IoT

Avast's $1.3B AVG deal signals move toward SMBs and IoT

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Czech security software firm Avast Software agreed to buy AVG Technologies for $1.3 billion in an all-cash transaction.

Silk Road fed accused of stealing bitcoin, again

Silk Road fed accused of stealing bitcoin, again

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A former Special Agent involved in the Silk Road investigation is suspected of pilfering $700K in bitcoin - after he pled guilty to the theft of $820K in bitcoin and received a five-year prison sentence.

Spike in cyberattacks expected to exploit upcoming Olympics, report

Spike in cyberattacks expected to exploit upcoming Olympics, report

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An Israel-based security firm has issued a warning to fans of the upcoming Olympics to be wary of phony offers.

European smishing campaign steps up tactics, strengthens malware

European smishing campaign steps up tactics, strengthens malware

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The actors behind a series of ongoing SMS phishing scams targeting Europe-based Android users have intensified their campaigns and significantly upgraded the credentials-stealing malware that's been infecting their victims.

SEC freezes UK hacker's assets

SEC freezes UK hacker's assets

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The SEC obtained an emergency court order from a New York court to freeze assets belonging to a UK citizen who allegedly engaged in a sophisticated hacking and market manipulation scheme.

Copycat attacks threaten survival of ethereum cryptocurrency

Copycat attacks threaten survival of ethereum cryptocurrency

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Ethereum, a rival to bitcoin, is under seige after follow-up attacks continue to siphon funds based in the cryptocurrency.

U.S. feds looking into $81M theft from Bangladesh Bank in New York

U.S. feds looking into $81M theft from Bangladesh Bank in New York

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A probe into the cybertheft of $81 million from the account of Bangladesh Bank held at the Federal Reserve Bank of New York is now under way by the U.S. attorney's office.

New phishing scam siphoning PayPal user credentials

New phishing scam siphoning PayPal user credentials

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Users of PayPal are being targeted in a new phishing scheme that steals their credentials.

Twitter, HealthCare.gov top annual list of most trustworthy websites

Twitter, HealthCare.gov top annual list of most trustworthy websites

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At one time ridiculed over lax cybersecurity, the federal health insurance exchange site HealthCare.gov scored second-highest out of approximately 1,000 websites in the Online Trust Alliance's eighth annual Trust Audit and Honor Roll.

Pair accused of hacking financial firms extradited to U.S.

Pair accused of hacking financial firms extradited to U.S.

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Gery Shalon and Ziv Orenstein, accused of orchestrating the largest-ever theft of customer data from a U.S. financial institution, were extradited from Israel to the U.S. late last week.

Vawtrak malware updated to break tools used by researchers

Vawtrak malware updated to break tools used by researchers

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A new version of banking malware includes updates that break tools typically used by security researchers to analyze the Vawtrak trojan.

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