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Japan ’s FSA warns of unauthorized trades via stolen credentials from fake security firms’ sites

Security Affairs

Japan s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts. Japan s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.

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Microsoft seized 240 sites used by the ONNX phishing service

Security Affairs

Microsoft disrupted the ONNX phishing service, seizing 240 sites and naming an Egyptian man as the operator behind the operation. Microsoft announced the disruption of the ONNX phishing service, another success against cybercrime which led to the seizure of 240 sites. ” reads the analysis published by Microsoft.

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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average.

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Report Finds 50% of Scattered Spider Phishing Domains Targeted Finance & Insurance

Digital Shadows

Phishing Remains Top Tactic, Fueled by Teams Abuse Figure 1: Top attack techniques in true-positive customer incidents for finance & insurance sector, H2 2024 vs H2 2023 Phishing dominated cyber attacks in H2 2024, accounting for over 90% of incidents across industries due to its simplicity and effectiveness.

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AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

In early 2024, an employee at a Hong Kong firm joined what appeared to be a routine video meeting with her chief financial officer and colleagues. By the end of the call, she had authorized $25 million in transfers to overseas accounts. Figure 1: Projected U.S.

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Luxury, Loyalty and Lateral Movement: Retail and Banking Attacks Surge

SecureWorld News

In a matter of days, three major cybersecurity incidents have hit the retail and financial services sectors, drawing renewed attention to supply chain vulnerabilities, credential-based attacks, and the increasing value of non-financial customer data. That's why MFA adoption remains low in many cases."

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Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.