Schneier on Security

FEBRUARY 13, 2025

This approach, known as “separation of duties,” isn’t just bureaucratic red tape; it’s a fundamental security principle as old as banking itself. When your local bank processes a large transfer, it requires two different employees to verify the transaction.

Government 363

Government Artificial Intelligence Banking Software 363

Troy Hunt

SEPTEMBER 17, 2019

Allow me to be controversial for a moment: arbitrary password restrictions on banks such as short max lengths and disallowed characters don't matter. Also, allow me to argue with myself for a moment: banks shouldn't have these restrictions in place anyway. for my *online banking*. 6 characters.

Banking 269

Banking Passwords Accountability Authentication 269

Malwarebytes

MARCH 19, 2025

California Cryobank (CCB) is a sperm donation and cryopreservation firm and one of the US top sperm banks. The information potentially involved varies by customer but includes names and one or more of the following: Drivers license numbers Bank account and routing numbers. Enable two-factor authentication (2FA).

Banking 100

Banking Data breaches Computers and Electronics Passwords 100

Troy Hunt

NOVEMBER 18, 2019

You know how banks really, really want to avoid their customers falling victim to phishing scams? And how banks are the shining beacons of light when it comes to demonstrating security best practices? Very convincing but banks will never send texts like these. banks will never do things that look like a phish?

Banking 269

Banking Phishing Scams Accountability 269

The Last Watchdog

JANUARY 15, 2025

Czech cybersecurity startup Wultra has raised 3 million from Tensor Ventures, Elevator Ventures, and J&T Ventures to accelerate the development of its post-quantum authentication technology, safeguarding banks and fintech against the coming wave of quantum threats. Dvorak is no stranger to innovation.

Banking 130

Banking Authentication Technology Marketing 130

Schneier on Security

JANUARY 9, 2024

The malware captures any PINs and passwords the victim enters to unlock their device and can later use them to unlock the device at will to perform malicious activities hidden from view.

Malware 328

Malware Banking Passwords Authentication 328

Adam Shostack

JANUARY 2, 2025

Authentication is more frustrating to your customers when you dont threat model. Recently, I was opening a new bank account. The bank unexpectedly sent me a temporary password to sign up, and when I did, the temporary password had expired. But then, after I went to reset the password, the bank emailed me a one time code.

Banking 130

Banking Passwords Password Management Authentication 130

Security Affairs

MARCH 29, 2025

The new Android trojan Crocodilus exploits accessibility features to steal banking and crypto credentials, mainly targeting users in Spain and Turkey. ThreatFabric researchers discovered a new Android trojan called Crocodilus, which exploits accessibility features to steal banking and crypto credentials. ” ThreatFabric concludes.

Banking 69

Banking Mobile Identity Theft Malware 69

Krebs on Security

OCTOBER 30, 2024

” But in June 2024 testimony to the Senate Finance Committee, it emerged that the intruders had stolen or purchased credentials for a Citrix portal used for remote access, and that no multi-factor authentication was required for that account. Last month, Sens. Mark Warner (D-Va.) and Ron Wyden (D-Ore.)

Healthcare 298

Healthcare Insurance Computers and Electronics Data breaches 298

Krebs on Security

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “Members don’t have to request to use Zelle.

Scams 362

Scams Banking Passwords Authentication 362

The Last Watchdog

DECEMBER 6, 2022

Much more effective authentication is needed to help protect our digital environment – and make user sessions smoother and much more secure. Underscoring this trend, Uber was recently hacked — through its authentication system. The best possible answer is coming from biometrics-based passwordless, continuous authentication.

Authentication 203

Authentication Healthcare Artificial Intelligence Passwords 203

Jane Frankland

MAY 16, 2025

Here’s a breakdown of the most widespread and damaging scams today: Impersonation Scams (51% of fraud cases) where fraudsters pose as: Banks, HMRC, DVLA, or government agencies. Guilt or Authority Pressure: Messages from “your boss,” “the bank,” or “your child” asking for urgent help or discretion.

Scams 130

Scams Password Management Passwords Banking 130

Krebs on Security

SEPTEMBER 29, 2021

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. OTP Agency took itself offline within hours of that story. .

Passwords 343

Passwords Mobile Authentication Banking 343

Krebs on Security

NOVEMBER 16, 2022

A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode , an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic. Bank customers. Bank customers.

Malware 336

Malware Banking Phishing DDOS 336

The Last Watchdog

APRIL 24, 2025

Related: PKI and the IoT cloud One quiet but consequential development now taking root in the financial sector could prove pivotal: the emergence of a dedicated Public Key Infrastructure (PKI) framework, tailored to banks and payment networks, guided by the Accredited Standards Committee X9 (ASC X9), and being rolled out by DigiCert.

Banking 147

Banking Internet Internet IoT 147

Daniel Miessler

MARCH 10, 2022

People are starting to get the fact that texts (SMS) are a weak form of multi-factor authentication (MFA). It might have been a text, or it could have been something “strong”, like a mobile authenticator app like Google Authenticator or Authy. It completely changes how authentication is done.

Authentication 364

Authentication Phishing Passwords Accountability 364

Schneier on Security

SEPTEMBER 20, 2022

And bank cards can be stopped. Once they have the phone and the card, they register the card on the relevant bank’s app on their own phone or computer. That verification passcode is sent by the bank to the stolen phone. Once accepted, they have control of the bank account.

Banking 341

Banking Accountability Passwords Authentication 341

Krebs on Security

APRIL 27, 2023

A shocking number of organizations — including banks and healthcare providers — are leaking private and sensitive information from their public Salesforce Community websites, KrebsOnSecurity has learned. Huntington Bank has disabled the leaky TCF Bank Salesforce website. ”

Banking 343

Banking Government Information Security Authentication 343

Malwarebytes

JUNE 14, 2024

On Wednesday June 12, 2024, a well-known dark web data broker and cybercriminal acting under the name “Sp1d3r” offered a significant amount of data allegedly stolen from Truist Bank for sale. Truist is a US bank holding company and operates 2,781 branches in 15 states and Washington DC.

Data breaches 122

Data breaches Banking Passwords Phishing 122

The Hacker News

JULY 15, 2024

Retail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks. Customers who have activated their digital

Banking 134

Banking Retail Phishing Passwords 134

Security Affairs

JUNE 4, 2024

Resecurity uncovered a cybercriminal group that is providing a sophisticated phishing kit, named V3B, to target banking customers in the EU. “Currently, it is estimated that hundreds of cybercriminals are using this kit to commit fraud, leaving victims with empty bank accounts. . ” reads the report published Resecurity.

Banking 131

Banking Phishing Social Engineering Engineering 131

The Last Watchdog

SEPTEMBER 24, 2024

Rather, we should treat SSN as just another piece of personally identifiable information (PII) like an email address – confidential information but not a sensitive one that unlocks your bank accounts. Governments can create a digital identity at birth to replace SSN in its current use. That identity is tied to specific vendors.

Authentication 216

Authentication Identity Theft Banking Data breaches 216

Troy Hunt

AUGUST 30, 2023

The advice to impacted individuals is as follows: Get a digital password manager to help you make all passwords strong and unique If you've been reusing passwords, change them to strong and unique versions now, starting with the most important services you use Turn on multi-factor authentication wherever it's available, especially for important (..)

Phishing 362

Phishing Password Management Passwords Banking 362

Malwarebytes

FEBRUARY 11, 2025

Of those malicious apps, 5,200 could subvert one of the strongest security practices available today, called multifactor authentication, by prying into basic text messages sent to a device. With multifactor authentication, a username and password are no longer enough to sign into an account.

Phishing 133

Phishing Passwords Mobile Authentication 133

Malwarebytes

NOVEMBER 5, 2024

The Federal Bureau of Investigation (FBI) has issued a warning that cybercriminals are taking over email accounts via stolen session cookies, allowing them to bypass the multi-factor authentication (MFA) a user has set up. Here’s how it works. Most of us don’t think twice about checking the “Remember me” box when we log in.

Accountability 145

Accountability Authentication Malware Banking 145

Security Affairs

JULY 31, 2024

BingoMod is a new Android malware that can wipe devices after stealing money from the victims’ bank accounts. Researchers at Cleafy discovered a new Android malware, called ‘BingoMod,’ that can wipe devices after successfully stealing money from the victims’ bank accounts.

Banking 142

Banking Accountability Malware Mobile 142

Krebs on Security

APRIL 28, 2020

But you probably didn’t know that these fraudsters also can use caller ID spoofing to trick your bank into giving up information about recent transactions on your account — data that can then be abused to make their phone scams more believable and expose you to additional forms of identity theft.

Scams 363

Scams Banking Accountability Financial Services 363

Krebs on Security

JUNE 19, 2020

Hundreds of popular websites now offer some form of multi-factor authentication (MFA), which can help users safeguard access to accounts when their password is breached or stolen. When the two of them sat down to reset his password, the screen displayed a notice saying there was a new Gmail address tied to his Xbox account.

Authentication 363

Authentication Accountability Passwords Mobile 363

Security Affairs

NOVEMBER 10, 2023

The Industrial and Commercial Bank of China (ICBC) suffered a ransomware attack that disrupted trades in the US Treasury market. The Industrial and Commercial Bank of China (ICBC) announced it has contained a ransomware attack that disrupted the U.S. ” reported the Financial Times. ” reported the Financial Times.

Banking 131

Banking Ransomware Marketing Financial Services 131

Malwarebytes

MAY 16, 2024

More and more websites and services are making multi-factor-authentication (MFA) mandatory, which makes it much harder for cybercriminals to access your accounts. A type of phishing we’re calling authentication-in-the-middle is showing up in online media. That’s a great thing. Consider passkeys.

Authentication 145

Authentication Phishing Password Management Scams 145

Schneier on Security

APRIL 3, 2025

The second is authentication—much more nuanced than the simple “Who are you?” ” authentication mechanisms of today—which ensures that data access is properly verified and authorized at every step. creates the trusted environment that AI systems require to operate reliably.

Artificial Intelligence 260

Artificial Intelligence Architecture Internet Internet 260

Security Affairs

APRIL 21, 2025

The fraud campaign starts with fake bank alerts via SMS or WhatsApp, luring victims to call attackers. Since victims often do not recall their PIN immediately, the attackers guide them through their mobile banking application to retrieve this sensitive information.” ” reads the report published by Cleafy.

Malware 108

Malware Social Engineering Banking Engineering 108

Security Affairs

FEBRUARY 19, 2024

The Android banking trojan Anatsa resurged expanding its operation to new countries, including Slovakia, Slovenia, and Czechia. In November 2023, researchers from ThreatFabric observed a resurgence of the Anatsa banking Trojan, aka TeaBot and Toddler. ” concludes the report. ” concludes the report. .

Banking 130

Banking Malware Mobile Authentication 130

Malwarebytes

JUNE 26, 2024

A shockwave went through the financial world when ransomware group LockBit claimed to have breached the US Federal Reserve, the central banking system of the United States. The Reserve operates twelve banking districts around the country which oversee money distribution within their respective districts. And it’s a lot of data.

Banking 123

Banking Data breaches Passwords Ransomware 123

Troy Hunt

APRIL 26, 2021

This strain of malware dates back as far as 2014 and it became a gateway into infected machines for other strains of malware ranging from banking trojans to credential stealers to ransomware. Turn on 2 factor authentication wherever available. Change your email account password. Keep operating systems and software patched.

Malware 363

Malware Passwords Banking Password Management 363

Thales Cloud Protection & Licensing

FEBRUARY 1, 2024

Passkeys and The Beginning of Stronger Authentication madhav Fri, 02/02/2024 - 05:23 How passkeys are rewriting the current threat landscape Lillian, an experienced CISO, surveyed the threat landscape. Lillian knew that a shift in authentication couldn't wait. FIDO is an overarching framework for secure and passwordless authentication.

Authentication 138

Authentication Passwords CISO Password Management 138

eSecurity Planet

NOVEMBER 6, 2024

This data reportedly includes everything from names and addresses to Social Security numbers and bank account details. The stolen data reportedly includes highly personal information — names, dates of birth, Social Security numbers, bank account details, and even records of residents’ interactions with city services. With over 6.5

Ransomware 113

Ransomware Authentication Identity Theft Penetration Testing 113