Finance

Practical security control mapping for financial services organizations

According to Accenture's 2015 Global Risk Management Study, financial services and banking executives view cyber & IT risk as their top risk area over the next two years.

Information sharing at work

Information sharing at work

By

There's been quite a bit of lip service paid to the ages-old concept of information sharing, says Illena Armstrong, VP, editorial, SC Magazine..

Group arrested in Italy for fraud and money laundering in online scams

By

Italian Financial Police picked up more than 10 people who were purportedly part of an international criminal organization that laundered money from online scams.

Former GCHQ director tapped for Standard Chartered's risk committee

By

Former GCHQ director Sir Iain Lobban will be joining London-based Standard Chartered bank to prevent cybercrime.

RSA 2015: Experts talk investor interest in cybersecurity, regulatory changes on horizon

RSA 2015: Experts talk investor interest in cybersecurity, regulatory changes on horizon

By

An SEC commissioner's chief of staff and shareholder advocacy expert discussed complex disclosure expectations among investors.

Banking industry security protocol falters in third-party vendor contracts

Banking industry security protocol falters in third-party vendor contracts

By

The New York State Department of Financial Services issued an update on cyber security in the banking sector with concern to third-party service providers.

FighterPOS malware strikes over 100 terminals in Brazil, captures info for 22K cards

FighterPOS malware strikes over 100 terminals in Brazil, captures info for 22K cards

By

Trend Micro warns that the threat could spread, as the sole perpetrator of the attacks is selling the malware.

Banking threat Emotet expands target list, evades two-factor auth

Banking threat Emotet expands target list, evades two-factor auth

By

The malware, which is still spread through phishing emails, is now in its third iteration, Kaspersky Lab researchers revealed.

'NewPosThings' malware evolves, malicious traffic traced to airports

'NewPosThings' malware evolves, malicious traffic traced to airports

By

Trend Micro believes that point-of-sale malware attackers will increasingly target travelers.

Russia's FSB, Ministry of Internal Affairs tackle Tyupkin ATM threat

By

Russian authorities have ramped up efforts to locate criminals spreading ATM malware Tyupkin.

Federal Reserve Bank of New York creates cybersecurity team

By

Sarah Dahlgren, the New York Fed's head of supervision, announced that the bank had created a team dedicated to cybersecurity.

Fraudsters use Neverquest trojan to target Canadian banks

By

In this campaign, the banking trojan, also known as Vawtrak, was spread via drive-by download.

U.S. representatives form payment technology caucus

By

Members of the U.S. House of Representatives have announced that they have joined together to form a bipartisan caucus to investigate payment technologies.

New Dridex variant spotted in tax rebate phish

New Dridex variant spotted in tax rebate phish

By

The variant takes new measures to avoid VM detection, PhishMe researchers found

Infections caused by prevalent financial trojans dropped 53 percent last year

Infections caused by prevalent financial trojans dropped 53 percent last year

By

But the U.S. still remains the top country in detections, a Symantec report found.

Debate: The financial industry really is better at cybersecurity than other industries.

Experts debate whether the financial industry has a leg up in terms of their cybersecurity strategy when compared to other industries.

Analysts find link between POS malware and Carbanak gang

By

Trend Micro says attacks, where signed POS malware was used, are tied to the APT group Carbanak.

Neverquest botnet furthers crimeware-as-a-service biz for fraudsters

Neverquest botnet furthers crimeware-as-a-service biz for fraudsters

By

Neverquest, also known as Vawtrak, is data stealing malware that targets banking information.

Researchers present method to 'deanonymize' Bitcoin users

Researchers present method to 'deanonymize' Bitcoin users

By

Three researchers with the University of Luxembourg have generated a method to expose Bitcoin users that has the potential to work more than half of the time.

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

By

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

By

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

By

Trend Micro detailed the variant and attackers' delivery techniques.

Major banks team up to fund Soltra Edge threat sharing tool

By

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

By

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

By

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

By

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

By

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

JPMorgan hackers targeted 13 firms, including Fidelity, report reveals

By

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

Bond insurer MBIA investigates potential breach of client data

By

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.

By

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

Sign up to our newsletters

RECENT COMMENTS

FOLLOW US