Finance News, Articles and Updates

SEC systems breach may aided have insider trading

Hackers breached the U.S. Security and Exchange Commission's EDGAR document filing system and may have used nonpublic information stored on the database to profit from insider trading, the regulatory body disclosed on Wednesday.

Equifax hackers likely in network since March

The hackers, who exploited a vulnerability in Apache Struts, reportedly accessed the Equifax network by obtaining a user name after typing the "Whoami" command on one of the company's servers.

Cuomo orders new regs to protect New Yorkers from Equifax breach

Financial Services Superintendent Maria T. Vullo had already issued guidance to help licensed financial institutions act to protect consumers affected by the Equifax breach.

Cryptocurrency miners increasingly use CPU mining tools

Cryptocurrency miners have increased their use of mining tools that utilize central processing unit (CPU), and to a lesser extent graphic processing units (GPU) specifically those targeting enterprise networks.

Monero cryptocurrency miners silently placed on Pirate Bay visitor CPUs

In an effort to generate more revenue for the site, The Pirate Bay is quietly running Monero cryptocurrency on the CPU's of its visitors.

Venture capital investments

More BankBot apps sneak into Google store; UAE banks added to malware's targets

The Google Play store once again has been invaded with apps carrying BankBot Android banking malware that uses fake overlay screens to fool banking app users into giving away their credentials.

Hackers breach AXA Insurance Singapore's Health Portal, stealing data on 5,400 customers

The Singapore division of life insurance firm AXA Insurance has reportedly suffered a data breach, after hackers stole roughly 5,400 customers' personal information from its Health Portal.

China forbids digital currency fund-raising activity

China on Monday banned fund-raising investments in virtual currencies such as bitcoins, a move that follows several major hacks of digital currency exchanges during their Initial Coin Offerings.

New version of Faketoken Android banking trojan records calls, targets transportation apps

A mobile banking trojan known for using malicious overlays to trick financial app users into giving away their credentials has evolved further to target travel, transportation and traffic ticket payment apps, as well as record phone calls.

Svpeng mobile banking trojan now a keylogger

Cybercriminals have updated the functionality of the popular Svpeng mobile banking trojan giving it keylogger capabilities and the ability to access the text input from almost all of a devices apps.

SMBs finally getting wise to ransomware attacks

The massive cyberattacks that impact major corporations around the world may grab all the headlines, but a recent Malwarebytes survey of small and medium businesses (SMB) found that these companies are being hit just as hard, if not harder.

GSM-based credit card skimmers hit New York gas stations

GSM-based credit card skimmers capable of sending credit card data via text messages were at three New York gas stations.

Taking down Avalanche, a case study in international cooperation

International cooperation across all levels of government and law enforcement with those agencies working closely with the cybersecurity industry is the only way to bring down cybercrime operations, an FBI official said at Black Hat 2017.

Crypto mining malware a huge problem in Russia

Putin's internet advisor Herman Klimenko recently told a domestic broadcaster that nearly a quarter of the country's computers are infected with crypto mining malware.

Majority of UK boards neglecting GDPR while retail suffers breaches

Companies are likely to be closed down by swinging EU penalty fines next year given the failure of the C-Suite to prepare for GDPR despite rising breaches in the retail sector.

Major cloud service cyberattack could cost global economy $53 billion

Insurance companies could be underestimating the potential devastation major cyber-attacks may cause.

Breached companies underperform on NASDAQ, study

A recent study found breaches also temporarily hurt a company's stock market status as well.

Kaspersky: Banks, manufacturers, oil and gas utilities roughly 82% of NotPetya's corporate victims

Kaspersky further reported that 60 percent of NotPetya infections took place in Ukraine, while Russia experienced just over 30 percent.

TeleBots hacking group keeps busy under NonPetya, WannaCry smokescreen

NotPetya and WannaCry may have grabbed headlines over the last few months, but ESET points out in a recent report that the Ukraine has been under siege for months by a group dubbed TeleBots that has run a series of damaging attacks against that country.