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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Bank , and Wells Fargo.

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Android banking trojans: How they steal passwords and drain bank accounts

Malwarebytes

For the most popular operating system in the world—which is Android and it isn’t even a contest —there’s a sneaky cyberthreat that can empty out a person’s bank accounts to fill the illicit coffers of cybercriminals. What are Android banking trojans? Take the SharkBot banking trojan, which Malwarebytes detects and stops.

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Hacker arrested for selling bank accounts of US, Canadian users

Bleeping Computer

Ukraine's cyber police arrested a 31-year-old for running a cybercrime operation that gained access to bank accounts of American and Canadian users and sold it on the dark web. [.]

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Bizarro Banking Trojan

Schneier on Security

Bizarro is a new banking trojan that is stealing financial information and crypto wallets. …the program can be delivered in a couple of ways­ — either via malicious links contained within spam emails, or through a trojanized app.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

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SMS About Bank Fraud as a Pretext for Voice Phishing

Krebs on Security

Smishing messages usually include a link to a site that spoofs a popular bank and tries to siphon personal information. But increasingly, phishers are turning to a hybrid form of smishing — blasting out linkless text messages about suspicious bank transfers as a pretext for immediately calling and scamming anyone who responds via text.

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What Can Go Wrong with Bank Online Account Opening?

Security Boulevard

Online account opening is one of the most crucial functions for banks today. It is one of the key ways banks can grow. It can be a real cost saver to a bank as […] The post What Can Go Wrong with Bank Online Account Opening? And customers don’t have to take the time to visit a branch to become a customer.

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