Finance | SC Media

Finance

"Aaron's Law," to amend the CFAA, introduced in Congress

House Republicans ask Capitol One and Amazon for briefing on data breach

Republican members of the House of Representatives’ Committee on Oversight and Reform this week sent open letters to both Capital One and Amazon, requesting that both companies arrange a briefing with Congressional staff members regarding Capital One’s recently announced data breach. Last Monday, McLean, Va.-based Capital One Financial Corporation publicly acknowledged that an unauthorized individual…

trojanhorse_1032765

Fiendish Amavaldo banking trojan strikes in Mexico after targeting Brazilians

Researchers this year discovered a pair of malicious campaigns that attempted to distribute the recently discovered Amavaldo banking trojan to Brazilians and Mexicans, respectively. Amavaldo is one of 10 malware families that researchers at ESET’s lab in Prague are claiming to have discovered since 2017, when they first launched an in-depth investigation into Latin American…

U.S. indicts three over alleged phishing campaign targeting universities, businesses

The Department of Justice has indicted two Americans and a Nigerian on multiple charges for their alleged roles in a phishing scheme that targeted college employees, banks and other businesses from May 2013 through June 2014. Filed on Tuesday in U.S. District Court in New Mexico, the indictment identifies the defendants as Nigerian citizen Otuokere…

Capital One breach exposes not just data, but dangers of cloud misconfigurations

The massive Capital One data breach that compromised the personal information of 100 million credit card customers and applicants serves as a stark reminder that misconfigurations and malicious insiders can defeat the most well-intentioned cyber defenses, even when companies rely on a third-party cloud service to securely manage their data. In the case of Capital…

BianLian banking trojan adds screen recorder to face off against Android users

Researchers have discovered a new version of the Android banking trojan BianLian that introduces the ability to record device screens and set of proxies. Named after the Chinese art of “face-changing,” BianLian first appeared as a dropper in October 2018. But it quickly evolved and adopted banking trojan functionality, including overlay attacks that trick users…

Inconvenience stores: Thieves steal $500K from users of 7-Eleven Japan’s new payment app

Convenience chain 7-Eleven Japan has suspended a brand new mobile cashless payment service after an authorized third party accessed approximately 900 user accounts and made fraudulent charges totally 55 million yen, or roughly $500,000 dollars. The service, 7pay, reportedly had only been launched three days earlier, and allows participating customers to automatically charge purchased goods…

TA505 cybergang debuts ‘AndroMut” downloader to deliver FlawedAmmyy RAT globally

The cybercriminal group TA505 appears to have launched two malware campaigns last June, delivering the FlawedAmmyy RAT to victims in multiple countries using the newly created downloader program AndroMut. Both campaigns infected victims using phishing emails with links for downloading Microsoft Word and Excel files, according to a July 2 blog post by Proofpoint If…

WannaLocker ransomware found combined with RAT and banking trojan

Researchers are warning that a new version of WannaLocker – essentially a mobile derivative of WannaCry ransomware – has been enhanced with spyware, remote access trojan and banking trojan capabilities. Cybercriminals have been using the all-in-one malware package in a campaign targeting Brazilian banks and their Android mobile customers, according to a July 1 blog…

facebook

Facebook unveils Libra cryptocurrency

Facebook announced its own cryptocurrency Libra that will be backed and controlled by the Libra Association which also includes founding members Uber, Lyft and Spotify. The platform will allow users to buy and send money without racking up as many fees as traditional financial platforms. Users can buy or cash out the cryptocurrency at local…

Venture capital investments

June 10, 2019 Vectra closed a $100 million round of funding led by TCV and existing investors. Vectra said it will use the investment to accelerate global market expansion and R&D innovation. November 29, 2018Venafi closed a $100 million round of financing that was led by TCV along with investment from QuestMark Partners and NextEquity…

Next post in Corporate News