Finance News, Articles and Updates
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).
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.
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.
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.
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.
Venture capitalist investments in cybersecurity firms have seen a 235 percent growth rate over the past five years as cyberthreats increase.
A Georgia-based trader pleaded guilty to fraud for involvement in a scheme that gained financial information from embargoed press releases.
All clients of Barclays bank will now be able to verify their banking accounts using voice-recognition technology.
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).
A third-party provider is being blamed for a possible breach into customer transactions at GunMag Warehouse.
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 said a flaw discovered financial news platform Seeking Alpha's mobile apps could leak users' PII and confidential information.
ATMs in Taiwan were spewing money over the weekend in what authorities believe were malware-aided thefts.
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.
Czech security software firm Avast Software agreed to buy AVG Technologies for $1.3 billion in an all-cash transaction.
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.
An Israel-based security firm has issued a warning to fans of the upcoming Olympics to be wary of phony offers.
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.
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.
Ethereum, a rival to bitcoin, is under seige after follow-up attacks continue to siphon funds based in the cryptocurrency.
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.
Users of PayPal are being targeted in a new phishing scheme that steals their credentials.
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.
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.
A new version of banking malware includes updates that break tools typically used by security researchers to analyze the Vawtrak trojan.
SC Magazine Articles
- USAA members hit with multiple phishing attacks
- Industry pros react to Cisco, Fortinet advisories after possible Snowden NSA leak
- Trust exercise: Symantec's new website security expert is reaching out to hacker community
- Three zero-days found in iOS, Apple suggests users update their iPhone
- Two-thirds of IT security pros surveyed expect a breach to hit their company, report
- Microsoft Office 365 hit with massive Cerber ransomware attack, report
- Wendy's POS breach 'considerably' bigger than first thought
- No hacking required: Israeli researchers show how to steal data through PC components
- Don't connect your charging cell to a computer or you may get hacked!