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 255

Malware Banking Authentication Passwords 255

The Last Watchdog

JUNE 15, 2023

The World Wide Web Consortium today announced a standardization milestone for a new browser capability that helps to streamline user authentication and enhance payment security during Web checkout. Customer authentication For the past 15 years, e-commerce has increased as a percentage of all retail sales.

Authentication 100

Authentication Technology Banking Media 100

SecureWorld News

FEBRUARY 15, 2024

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. Experts warn that biometric authentication alone is not foolproof.

Social Engineering 76

Social Engineering Mobile Authentication Engineering 76

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 99

Banking Ransomware Marketing Financial Services 99

Malwarebytes

MARCH 1, 2023

Voice ID is slowly rolling out across various banks worldwide as a way to perform user authentication over the phone. At first the banking website refused to verify Cox's synthesized voice as genuine. Thankfully, you can’t just use the voice on its own and log straight in to this bank. What's next for voice AI?

Banking 98

Banking Artificial Intelligence Authentication Accountability 98

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 239

Banking Passwords Accountability Authentication 239

Security Boulevard

SEPTEMBER 3, 2022

The financial services industry – from retail banking to insurance – is facing challenges from multiple different channels: from competitive pressure and regulation to the evolving security landscape. The post Authentication in the Finance Industry: Now and Next appeared first on Security Boulevard.

Authentication 138

Authentication Financial Services Retail Insurance 138

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 240

Banking Phishing Scams Accountability 240

Malwarebytes

JUNE 30, 2023

Voice authentication is back in the news with another tale of how easy it might be to compromise. Voice authentication is becoming increasingly popular for crucial services we make use of on a daily basis. It’s a particularly big deal for banking.

Authentication 94

Authentication Banking Risk Cybersecurity 94

Security Affairs

FEBRUARY 27, 2020

Experts found a new version of the Cerberus Android banking trojan that can steal one-time codes generated by the Google Authenticator app and bypass 2FA. The malware implements banking Trojan capabilities such as the use of overlay attacks, the ability to intercept SMS messages and access to the contact list.

Banking 96

Banking Authentication Advertising Malware 96

SecureList

FEBRUARY 8, 2024

The developers of banking Trojan malware are constantly looking for inventive ways to distribute theirs implants and infect victims. In a recent investigation, we encountered a new malware that specifically targets users of more than 60 banking institutions, mainly from Brazil.

Banking 104

Banking Encryption Malware Technology 104

Adam Levin

APRIL 10, 2019

A security analysis of 30 major banking and financial apps has shown major security holes and a lax approach to protecting user data. Among the most alarming finding was the practice of embedding and hard-coding of private certificates and API keys into banking apps. Read more about their report’s findings here.

Banking 187

Banking Retail Insurance Mobile 187

Security Affairs

MAY 12, 2021

Malware researchers from Cleafy warn of a new Android banking trojan dubbed TeaBot (aka Anatsa) that is targeting banks in Europe. The researchers detected on 29th March 2021, for the first time the inclusion of injections against Italian banks, and in May the malware targeted Belgium and Netherlands banks.

Banking 109

Banking Malware Media Authentication 109

Approachable Cyber Threats

FEBRUARY 8, 2023

Banks are taking revolutionary approaches to digitize and streamline the customer experience - but these measures could come with a cost without strategic cybersecurity measures. The world is changing, and the banking industry is evolving too. The Industry Digital banking is transforming the way people access and manage their finances.

Banking 94

Banking Social Engineering Cyber threats Encryption 94

CyberSecurity Insiders

JUNE 28, 2021

If you have seen the latest banking news, you may have seen that the Competition and Markets Authority in the UK recently launched a consultation on the future of open banking to set out the principal features for open banking in its next phase of implementation. The role of Open Banking. billion people across the world.

Banking 133

Banking Financial Services Authentication Technology 133

Heimadal Security

APRIL 20, 2023

On the 20th of April, Heimdal®’s SOC team has discovered that an unknown APT has been launching smishing attacks against Nordea Bank customers.

Banking 108

Banking Authentication 108

Schneier on Security

JUNE 20, 2018

Sounds like a really good idea, but Andreas Gutmann points out an application where this could become a vulnerability: when authenticating transactions: Transaction authentication, as opposed to user authentication, is used to attest the correctness of the intention of an action rather than just the identity of a user.

Authentication 142

Authentication Banking Social Engineering Mobile 142

Security Affairs

MARCH 25, 2022

Anonymous announced that the affiliate group Black Rabbit World has leaked 28 GB of data stolen from the Central Bank of Russia. This week the Anonymous hacker collective claims to have hacked the Central Bank of Russia and stole accessed 35,000 documents. SecurityAffairs – hacking, Central Bank of Russia). Pierluigi Paganini.

Banking 130

Banking Government Hacking Authentication 130

CyberSecurity Insiders

MARCH 3, 2022

Cybersecurity researchers from Proofpoint have found that cyber crooks are easily see foxing users of Multifactor Authentication (MFA) these days by buying phishing kits that have the ability to bypass MFA. After reading the article, you might get a feeling on how to proceed with Multi-factor Authentication and keep your online activity safe.

Authentication 102

Authentication Phishing Banking Technology 102

Security Affairs

MAY 17, 2021

Bizarro is a new sophisticated Brazilian banking trojan that is targeting customers of tens of banks in Europe and South America. Researchers from Kaspersky have spotted a new sophisticated Brazilian banking trojan dubbed Bizarro that is targeting customers of tens of 70 banks in Europe and South America.

Banking 103

Banking Social Engineering Malware Engineering 103

CyberSecurity Insiders

MAY 10, 2023

This is especially alarming for industries that conduct high-value transactions online, such as banking, healthcare, government, etc., Applicants must virtually verify their identity through ID Verification and Knowledge-based Authentication (KBA) and then execute the e-signature before being affixed by the notary.

Authentication 109

Authentication Insurance Identity Theft Digital transformation 109

Security Boulevard

MARCH 15, 2023

With recent events involving Silicon Valley Bank and Signature Bank fresh in our minds, investors and financial institutions both big and small are looking to reduce exposure and risk. The post Turbulence In Banking: Navigating the Cyber Risk appeared first on Security Boulevard.

Cyber Risk 98

Cyber Risk Banking Risk Authentication 98

The Last Watchdog

APRIL 10, 2019

Outside of giants JP Morgan, Bank of America, Citigroup, Wells Fargo and U.S. firms are comprised of community banks and regional credit unions. These smaller institutions, much like the giants, are hustling to expand mobile banking services. Related: OneSpan’s rebranding launch. Key takeaways: Shifting risks.

Banking 147

Banking Mobile Accountability Artificial Intelligence 147

Heimadal Security

AUGUST 23, 2022

A new version of SOVA, an Android banking trojan, has been launched. SOVA, like any information stealing trojan, is built to snatch credentials and cookies, evade multi-factor authentication, and harm Android’s Accessibility Service […].

Banking 82

Banking Encryption Authentication Ransomware 82

Security Affairs

JUNE 18, 2022

Malibot is a new Android malware targeting online banking and cryptocurrency wallet customers in Spain and Italy. F5 Labs researchers spotted a new strain of Android malware, named Malibot, that is targeting online banking and cryptocurrency wallet customers in Spain and Italy. ” reads the advisory published by F5 Labs. .

Banking 116

Banking Cryptocurrency Malware Mobile 116

Thales Cloud Protection & Licensing

JANUARY 3, 2024

Navigating the Future: Strategic Insights on Identity Verification and Digital Banking in 2024 madhav Thu, 01/04/2024 - 05:32 As we embark on 2024, the digital landscape is undergoing a seismic shift, especially in identity verification and digital banking. The need for enhanced security and user convenience drives this change.

Banking 87

Banking Data privacy Technology Encryption 87

CSO Magazine

SEPTEMBER 30, 2021

CISOs looking to beef up their customer-facing authentication procedures to thwart cyberattacks need to walk a fine line. Selecting the most appropriate authentication method for your customers is something of a moving target because consumer attitudes are always changing. To read this article in full, please click here

Authentication 128

Authentication Passwords Retail CISO 128

Centraleyes

DECEMBER 28, 2023

The Chameleon Android banking trojan has undergone a formidable transformation, revealing advanced tactics and a wide target scope. Discovered by online fraud detection experts ThreatFabric, this evolving threat was initially detected in early 2023, honing in on mobile banking applications in Australia and Poland.

Banking 52

Banking Cryptocurrency Mobile Phishing 52

CyberSecurity Insiders

JULY 21, 2021

This is, in part, due to innovations such as contactless communications, different card bodies (such as metal or repurposed ocean plastic ) and biometric fingerprint authentication. No matter where you go, no matter which issuing bank you have, you will be able to pay with your card, in store and online, as long as they are EMV compliant.

Banking 137

Banking Mobile eCommerce Authentication 137

CyberSecurity Insiders

JUNE 30, 2021

The benefits of Digital First banking for the consumer are clear. Whether it’s both physical and digital card issuance, real-time card management or secure, hassle-free online payments, the services on offer to consumers when it comes to Digital First banking are almost endless. But what is the benefit of Digital First for banks?

Banking 128

Banking Mobile eCommerce Marketing 128

Malwarebytes

DECEMBER 21, 2022

Researchers at Cyble Research & Intelligence Labs (CRIL) have found a new version of the Android banking Trojan called Godfather. Anubis was a widely used Android banking Trojan that lost popularity after its functionality got limited by Android updates and security vendors’ detection and prevention efforts.

Banking 96

Banking Malware Mobile Financial Services 96

Security Affairs

MARCH 23, 2023

Experts warn of an emerging Android banking trojan dubbed Nexus that was employed in attacks against 450 financial applications. Cybersecurity firm experts from Cleafy warn of an emerging Android banking trojan, named Nexus, that was employed by multiple groups in attacks against 450 financial applications.

Banking 80

Banking Cryptocurrency Malware Advertising 80

CyberSecurity Insiders

JULY 8, 2021

As we stated in a previous blog , biometric bank cards are a strong trend defining the future of payments. Whether it’s the enhanced security, the sleek and simple customer experience or the smooth enrolment process, biometric bank cards will soon set the precedent of what the payment process should look like.

Banking 110

Banking Authentication Technology Mobile 110

Threatpost

SEPTEMBER 24, 2020

A new 'fork' of the Cerberus banking trojan, called Alien, targets victims' credentials from more than 200 mobile apps, including Bank of America and Microsoft Outlook.

Banking 127

Banking Mobile Authentication Malware 127

Security Boulevard

JUNE 15, 2023

The World Wide Web Consortium today announced a standardization milestone for a new browser capability that helps to streamline user authentication and enhance payment security during Web checkout.

Authentication 52

Authentication Technology Banking 52

The Last Watchdog

JUNE 18, 2018

Bank patrons in their 20s and 30s, who grew up blanketed with digital screens, have little interest in visiting a brick-and-mortar branch, nor interacting with a flesh-and-blood teller. This truism is pushing banks into unchartered territory. So banks are all in. LaSalla: Back in the day it was hardware tokens for banks.

Banking 173

Banking Mobile Social Engineering Authentication 173

Webroot

FEBRUARY 15, 2024

With access to your personal information, bad actors can drain your bank account and damage your credit—or worse. Check out the nine tips below to discover how you can enable family protection and help prevent identity theft and credit and bank fraud. But that doesn’t mean you and your family have to become victims.

Identity Theft 73

Identity Theft Banking Scams Passwords 73