Finance

Financial institutions plan to spend billions more on security in coming years

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PricewaterhouseCoopers surveyed more than 700 financial service companies and found that they plan to bulk up their cybersecurity efforts in the coming years.

Mobile fraud report notes reliance on OTPs as top concern

Mobile fraud report notes reliance on OTPs as top concern

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One-time passwords (OTPs) sent via SMS are increasingly the target of Android malware, the report by Javelin revealed.

Cousin of Bugat trojan, 'Dridex,' spreads using macros

Cousin of Bugat trojan, 'Dridex,' spreads using macros

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Trend Micro detailed the variant and attackers' delivery techniques.

Major banks team up to fund Soltra Edge threat sharing tool

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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.

'Cash out' crew member sentenced to 21 months in prison

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Robert Dubuc hacked into various financial accounts and used them to divest money to other accounts and buy pre-paid debit cards.

Hacker sentenced to 30 months in prison and $300k restitution

Hacker sentenced to 30 months in prison and $300k restitution

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Lamar Taylor was sentenced in New Jersey this past week for allegedly participating in a cybercrime scheme that accounted for more than $15 million.

TD Bank reaches $850K breach settlement with states

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The settlement brings some resolve to the 2012 breach, where the bank lost unencrypted backup tapes.

Hackers targeted Chase Corporate Challenge site to find infiltration route

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The Corporate Challenge site was one of many avenues tested by persistent attackers, reports reveal.

JPMorgan hackers targeted 13 firms, including Fidelity, report reveals

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Fidelity claims, however, that no customer data appears to have been stolen.

Bond insurer MBIA investigates potential breach of client data

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MBIA says clients of its subsidiary, Cutwater Asset Management, were impacted.

ATM malware 'Tyupkin' found on over 50 machines in Europe, spreads to U.S.

ATM malware 'Tyupkin' found on over 50 machines in Europe, spreads to U.S.

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The malware allowed criminals, with physical access to ATMs, to steal millions, Kaspersky revealed.

Report: After Chase disclosure, bank regulator rallies execs to shore up defenses

Report: After Chase disclosure, bank regulator rallies execs to shore up defenses

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As the extent of the Chase breach surfaces, experts urge financial institutions to prepare for continued attacks or face impending consequences.

Protecting the vault: First Financial Bank's go-to solution

Protecting the vault: First Financial Bank's go-to solution

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Needing more than signature-based remedies, First Financial Bank found a way to close the gap between what exists and what's possible. Greg Masters reports.

U.S. Bank ordered to refund $48M to customers

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A Consumer Financial Protection Bureau campaign to curb deceptive banking activities has resulted in U.S. Bank being ordered to refund $48 million.

Citadel used in APT attacks against petrochemical firms

Citadel used in APT attacks against petrochemical firms

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In an interesting twist, financial malware Citadel was used to infect firms outside of the finance sector via APT attacks, Trusteer found.

Nigerian police search for ringleader in major bank heist

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The suspect, Godswill Oyegwa Uyoyou, conspired with others to hack bank systems and divert 6.28 billion Naira to mule accounts.

JPMorgan Chase might struggle to patch vulnerabilities quickly enough

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This summer's attack on the bank's network might have helped hackers detect subtle vulnerabilities they could exploit in the future.

Merchant Financial Cybersecurity Partnership hosts security summit

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The "Cybersecurity: Protecting the Payments Systems" summit will encourage coordination between all cybersecurity and industry entities.

'KorBanker' steals SMS messages, takes authentication codes in the process

'KorBanker' steals SMS messages, takes authentication codes in the process

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Android devices in Korea have primarily been impacted by the malware.

Reported breaches involving zero-day bug at JPMorgan Chase, other banks

Reported breaches involving zero-day bug at JPMorgan Chase, other banks

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Hackers exploited a zero-day vulnerability and gained access to sensitive information from JPMorgan Chase and at least four other financial institutions, reports indicate.

Phishing campaign targeting users of Bitcoin wallet Blockchain.info

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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.

Skimming con drains pension of retired officer in Philippines

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The National Bureau of Investigation (NBI) warned that the incident showcases the growing incidence of ATM skimming fraud.

PCI council releases third-party security assurance guidance

PCI council releases third-party security assurance guidance

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The guidance is meant to help merchants and third parties better understand their roles and responsibilities in the payment security ecosystem.

Black Hat: Hackers execute code on mobile POS devices, play their version of Flappy Bird

Black Hat: Hackers execute code on mobile POS devices, play their version of Flappy Bird

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Two hackers demonstrated how device vulnerabilities could allow attackers to access sensitive card data using multiple attack vectors.

Latest Citadel trick allows RDP access after malware's removal

Latest Citadel trick allows RDP access after malware's removal

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Trusteer, an IBM company, said the new Citadel configuration was detected this month.

Neverquest trojan targets regional banks in Japan

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Symantec researchers found a new variant of the banking trojan.

Op Emmental spoofs bank sites, uses Android malware to maintain account access

Op Emmental spoofs bank sites, uses Android malware to maintain account access

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On Tuesday, Trend Micro released a report detailing Operation Emmental, which targets victims in Austria, Switzerland, Sweden and Japan.

Report: Zero-day attack used in 2010 NASDAQ breach

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Bloomberg revealed that hackers used two zero-day flaws to breach NASDAQ's servers in 2010.

'Neverquest' banking trojan evolves as U.S. attacks continue

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On Wednesday, Symantec released details on the malware's developed features.

Two new Boleto malware families discovered

Two new Boleto malware families discovered

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Trusteer, an IBM company, revealed details on the bolware variants, which employ new tactics to manipulate web pages used for Boletos transactions.

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