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Bank Card "Master Key" Stolen

Schneier on Security

The bank's master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank's encrypted master key in plain, unencrypted digital language at the Postbank's old data centre in the Pretoria city centre. The bank lost $3.2

Banking 276
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Is Your Chip Card Secure? Much Depends on Where You Bank

Krebs on Security

Traditional payment cards encode cardholder account data in plain text on a magnetic stripe, which can be read and recorded by skimming devices or malicious software surreptitiously installed in payment terminals. Newer, chip-based cards employ a technology known as EMV that encrypts the account data stored in the chip.

Banking 363
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The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. Image: Hold Security.

Banking 279
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Zanubis in motion: Tracing the active evolution of the Android banking malware

SecureList

Introduction Zanubis is a banking Trojan for Android that emerged in mid-2022. Since its inception, it has targeted banks and financial entities in Peru, before expanding its objectives to virtual cards and crypto wallets. The malware operated as an overlay-based banking Trojan that abused Android’s accessibility service.

Banking 107
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DOGE as a National Cyberattack

Schneier on Security

Meanwhile, only partially redacted names of CIA employees were sent over an unclassified email account. This approach, known as “separation of duties,” isn’t just bureaucratic red tape; it’s a fundamental security principle as old as banking itself. After that, Medicaid and Medicare records were compromised.

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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

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Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

Krebs on Security

12, KrebsOnSecurity carried an exclusive : The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Sunday, Aug. million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries.

Banking 212