Finance News, Articles and Updates
Three U.S. financial regulatory agencies on Wednesday submitted the first draft of a joint proposal to impose newly enhanced cybersecurity risk management standards on major banking institutions and their suppliers.
The threat actors behind the notorious Dyre banking trojan may be back in action, this time supporting the new TrickBot trojan.
Reuters has reported that UK banks, some of the largest in the world, are not sharing information under reporting attacks by a long way
Blockchain.info, a popular Bitcoin wallet provider, was knocked offline for seven hours on Thursday after a domain name system (DNS) attack.
Brazil has emerged as a primary center of financially motivated e-crime threat activity.
A series of related malware campaigns whose m.o. resembles that of the notorious Carbanak gang has been quietly infecting financial targets since January, including users of the SWIFT bank messaging system, according to Symantec.
More than half of global consumers believe mobile wallets are less secure than cash, but nearly 60 percent of executives say mobile money will build their business because it's safe.
Brazilian cybercriminals are now duping their victims into entering into a live chat by pretending to be part of a bank's customer service department in order to quickly extract critical personal information.
MasterCard on Wednesday rolled out Identity Check Mobile, a new app that allows cardholders to pay for online purchases using biometrics to authenticate their identity.
The City of London Police have arrested a man in Romania charged with involvement in a campaign that installed malware on to ATMs around the UK
For the second time this month The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has introduced new standards including mandatory security requirements for its customers.
SWIFT has introduced a daily reporting system intended to help members of the financial messaging system identify fraudulent payments made over the network.
Details of the attack are still blurry, attackers appear to be using malicious links designed to appeal to users monitoring the evolution of the Bitcoin prices.
To better protect consumer data, banks and insurance companies in New York will soon be required to adhere to new cybersecurity guidelines.
As financial institutions scramble to prevent more attacks like the cyber heists that targeted SWIFT members, a recent report offers additional cause for the sector to improve information sharing practices.
Despite its reduction in volume, Dridex malware is still actively being developed.
The new rules are designed to enhance and clarify existing requirements relating to cybersecurity testing and system safeguards risk analysis.
Wells Fargo Bank was fined $185 million for a five-year long scam that saw bank employees illegally creating fake accounts and email addresses and apply for credit and debit cards to meet sales goals and earn commissions.
In a letter to clients, SWIFT said a fresh wave of attacks had hit other member banks and urged clients to adopt the latest version of its software by November 19.
Paypal users are being lured into clicking on a malicious link embedded in a tweet that appears to come from the financial transaction service.
FireEye researchers dove into the inner workings of the RIPPER ATM malware which they believe allowed a pack of cyberthieves to make off with 12 million baht.
The Democratic senators sent a letter to the White House stressing the importance of developing a "coordinated strategy" to battle cybercrime at financial institutions.
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.
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 people have been charged in Switzerland for a global computer fraud scam.
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).
Spending big bucks is not always necessary for corporations to put a decent cybersecurity program in place.
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.
Capitalizing on Olympics activity, a new version of Zeus Sphinx has been targeting banks in Brazil and Colombia.
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.