Finance News, Articles and Updates

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.

Morgan Stanley to pay $1M for failing to protect 730,000 customer accounts

Morgan Stanley to pay $1M for failing to protect 730,000 customer accounts

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Morgan Stanley agreed to pay a $1 million fine to settle a proceeding launched by the Securities and Exchange Commission's that the financial services giant failed to set up adequate precautions of customer data.

Site of grassroots abortion group hacked

Site of grassroots abortion group hacked

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A website belonging to the National Network of Abortion Funds was hacked around April 7.

Canadian Cyber Threat Exchange to select its MSP by end of month

Canadian Cyber Threat Exchange to select its MSP by end of month

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Five weeks after its official launch, the Canadian Cyber Threat Exchange is already close to selecting an MSP that will manage the group's new cyberthreat intelligence sharing forum, according to a panel session at SC Congress Toronto on Wednesday.

SWIFT may prohibit banks with weak security from using its system

SWIFT may prohibit banks with weak security from using its system

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SWIFT CEO Gottfried Leibbrandt said the organization is considering whether it will exclude from its network banks that have demonstrated weak information security.

SWIFT hack spurs House committee to investigate N.Y. Fed over $80M cybertheft

SWIFT hack spurs House committee to investigate N.Y. Fed over $80M cybertheft

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A House committee is investigating the Federal Reserve Bank of New York's operations related to the cybertheft of $80 million from the Bank of Bangladesh.

Upgraded Dridex malware on the rebound, hitting U.S. banks

Upgraded Dridex malware on the rebound, hitting U.S. banks

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A new and more dangerous version of the Dridex banking malware is being used in a new campaign targeting financial institutions, primarily in the United States.

Russia clamps down on financial hackers

Russia clamps down on financial hackers

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Fifty members of a hacker gang alleged to have created malware used to steal in excess of $25 million from Russian banks have been arrested.

Massive drop in cyberattacks on banks, Lloyds

Massive drop in cyberattacks on banks, Lloyds

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London-based Lloyds Banking Group saw a substantial reduction in the number of cyberattacks against it this year.

New strain of PoS malware set to gain momentum, Anomali

New strain of PoS malware set to gain momentum, Anomali

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Researchers at Anomali detected a new FrameworkPOS campaign that it says is gaining momentum.

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.

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