The Dangers of Linking Your Apple ID to Financial Accounts
The digital wallets of Chinese citizens are under attack thanks to a few bad apples. A recent string of cyberattacks in China utilized stolen Apple IDs to break into customers’ accounts and steal an undisclosed amount of money, according to a Bloomberg report. Almost immediately, Chinese e-transaction giants Tencent Holdings ...
Financial Services and GDPR: What 200 Professionals Told Us About Their Data Protection
When the European Union’s (EU) General Data Protection Regulation (DPR) comes into full force May 25, European citizens will receive greater privacy protection and regulators will have a strengthened authority to take action against businesses that breach the new laws. Fines of up to 4% of annual global revenue or ...
To See Mugshots of Today’s Bank Robbers, Look at a World Map
In Depression-era America, bank robbers John Dillinger, Baby Face Nelson, and Pretty Boy Floyd were household names. Newspapers detailed their heists, radios narrated their getaways, wanted posters plastered their mug-shot scowls from coast-to-coast. Every detail of their bank robberies and personal lives was seized upon, scrutinized, circulated, and discussed. Eight ...
Lazarus Resurfaces, Targets Global Banks and Bitcoin Users
McAfee Advanced Threat Research (ATR) analysts have discovered an aggressive Bitcoin-stealing phishing campaign by the international cybercrime group Lazarus that uses sophisticated malware with long-term impact.
Ukrainian Financial Institutions Targeted by Wave of Malicious EPS File Attacks
Last week, the Ukrainian Central Bank issued a warning around an attack being launched against Ukrainian banks. Thanks to one of our contacts in the region, we received the malware at an early stage and were able to provide coverage for our customers—always our first priority. Now that local authorities ...
POS Malware Steals Payment Card and Personal Info from Food Kiosks
Point-of-sale malware can make its way into almost anything these days, from massive corporate systems to individual devices. The latest victim is Avanti Markets, a leading “micro market” vending company hit with malware that has stolen payment and possibly fingerprint data from self-service payment kiosks in various locations. The cybercriminals ...
Cyberattacks and Financial Services: Good News, Bad News
As highlighted in the Verizon 2017 Data Breach Investigations Report, the financial services sector continues to be a target of cyberattacks. That said, the trend has also shifted to other verticals, such as healthcare with the recent WannaCry attack and other hospital data breaches. One hopes, as the report suggests, ...
Show me the money – Financial Services Need to Rethink Security
Financial institutions are under attack. As gatekeepers to consumers’ and enterprises’ most personal and private information, this industry serves as one of the most lucrative avenues for cybercriminals to pursue. In response, financial services organizations have developed unsustainable security infrastructures that are characterized by a huge proliferation of tools to ...
Widening Threat Surface and Security Gaps
This blog was written by Maneeza Malik. Digital transformation, the rise of mobile banking, ongoing migration of core banking services to the cloud and a shift towards an omni-banking model have all contributed to an overall wider threat landscape for financial institutions to monitor and manage. This is further exacerbated by ...
Target of Massive DDoS Attack and Ransom Demand, Lloyds Banking Group Manages to Fend off Cybercriminals
This blog was written by Maneeza Malik. In the matter of 48 hours, over 20 million customers couldn’t check their bank accounts online. And it’s all because of two people. Two cybercriminals, to be exact, who worked in tandem to conduct a DDoS (distributed denial of service) attack against Lloyds ...
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