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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

wtf, and PQHosting ; -sites selling aged email, financial, or social media accounts, such as verif[.]work The site Verif dot work, which processes payments through Cryptomus, sells financial accounts, including debit and credit cards. work and kopeechka[.]store store ; -anonymity or “proxy” providers like crazyrdp[.]com

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France’s second-largest telecoms provider Free suffered a cyber attack

Security Affairs

French internet service provider (ISP) Free disclosed a cyber attack, threat actors allegedly had access to customer personal information. Free disclosed a cyber attack over the weekend after a threat actor attempted to sell the stolen data on a popular cybercrime forum. Free S.A.S. million mobile and fixed subscribers.

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Unanswered Questions Loom Over Cyber Attacks on M&S, Co-op & Harrods

Jane Frankland

It’s the May Bank Holiday, and as I sit at my desk, working, unanswered questions continue to swirl around the recent cyberattacks on Marks & Spencer (M&S) , the Co-op , and Harrods , leaving the full scope and implications of these breaches uncertain. Keeping customers informed builds trust, even in difficult situations.

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MY TAKE: Account hijackers follow small banks, credit unions over to mobile banking apps

The Last Watchdog

As long as cyber attacks continue, financial institutions will remain a prime target, for obvious reasons. Outside of giants JP Morgan, Bank of America, Citigroup, Wells Fargo and U.S. firms are comprised of community banks and regional credit unions. Related: OneSpan’s rebranding launch.

Banking 147
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FCA fines Tesco Bank £16.4m over 2016 cyber attack

Security Affairs

Tesco Bank agreed to pay £16.4m fine to Tesco Bank for the vulnerabilities in its systems that were exploited by hackers to steal millions of pounds from customers’ online accounts in 2016. In November 2016, Tesco Bank halted all online transactions after a cyber heist affected thousands of its customers.

Banking 103
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Hacker steals funds from customer bank accounts through Brute Force Attacks

CyberSecurity Insiders

First Horizon Bank of United States witnessed a cyber attack on a few of its customers resulting in fund loss of $1 million in total. The banking firm reported the same in the Securities and Exchange Commission (SEC) filing and stated that the attack could have taken place after the hacker/s stole customer credentials.

Banking 112
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A cyber-attack on major banks could trigger a liquidity crisis, ECB President Christine Lagarde warns

Security Affairs

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.