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

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 115

Ransomware Authentication Identity Theft Penetration Testing 115

Malwarebytes

NOVEMBER 16, 2021

Researchers have discovered and analyzed a new Android banking Trojan that allows attackers to steal sensitive banking information such as user credentials, personal information, current balance, and even to perform gestures on the infected device. All the communication between the malware and C2 are encrypted and encoded with Base64.

Banking 140

Banking Financial Services Encryption Malware 140

The Last Watchdog

MARCH 24, 2025

Quantum computings ability to break todays encryption may still be years awaybut security leaders cant afford to wait. Related: Quantum standards come of age The real threat isnt just the eventual arrival of quantum decryptionits that nation-state actors are already stockpiling encrypted data in harvest now, decrypt later attacks.

Encryption 130

Encryption Financial Services Technology Risk 130

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 144

Banking Encryption Malware Technology 144

Krebs on Security

AUGUST 12, 2018

The FBI said unlimited operations compromise a financial institution or payment card processor with malware to access bank customer card information and exploit network access, enabling large scale theft of funds from ATMs. million from accounts at the National Bank of Blacksburg in two separate ATM cashouts between May 2016 and January 2017.

Banking 228

Banking Accountability Phishing Authentication 228

The Last Watchdog

MAY 24, 2023

Encryption in transit provides eavesdropping protection and payload authenticity. We want encryption in transit so no one can read sensitive data from our network traffic. More importantly, it provides message authenticity: a bad actor cannot change the data or instructions being sent. Let’s look at each of those five.

Authentication 223

Authentication Banking Architecture Encryption 223

Schneier on Security

MAY 6, 2019

Ten years ago, I could have given you all sorts of advice about using encryption, not sending information over email, securing your web connections, and a host of other things­ -- but most of that doesn't matter anymore. Enable two-factor authentication for all important accounts whenever possible. Pretty much no one does.

Identity Theft 279

Identity Theft Passwords Password Management Authentication 279

Security Affairs

SEPTEMBER 12, 2021

A new banking trojan dubbed maxtrilha (due to its encryption key) has been discovered in the last few days and targeting customers of European and South American banks. The new maxtrilha trojan is being disseminated and targeting several banks around the world. Figure 1: High-level diagram of maxtrilha banking trojan.

Banking 145

Banking Malware Internet Internet 145

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.

Banking 127

Banking Data breaches Passwords Phishing 127

eSecurity Planet

AUGUST 4, 2022

It’s been a couple of decades since data tapes delivered by trucks made encryption a standard enterprise cybersecurity practice. Yet even as technology has changed, sending and receiving data remains a major vulnerability, ensuring encryption’s place as a foundational security practice. What is Encryption?

Encryption 133

Encryption Software Computers and Electronics Technology 133

Heimadal Security

AUGUST 23, 2022

A new version of SOVA, an Android banking trojan, has been launched. This fifth version contains improved functions and code enhancements that translate into a ransomware module used to encrypt files on Android devices. The post SOVA Android Banking Trojan Becomes Even More Powerful appeared first on Heimdal Security Blog.

Banking 104

Banking Encryption Authentication Ransomware 104

Security Affairs

JULY 29, 2022

Therefore, strong authentication methods are needed. Therefore, strong authentication methods are needed to improve security without hindering user convenience. What is Strong Authentication? The IAM Security Boundary Strong authentication is a critical component of modern-day identity and access management.

Authentication 127

Authentication Passwords Data privacy Identity Theft 127

The Last Watchdog

JULY 17, 2024

The rapid adoption of mobile banking has revolutionized how we manage our finances. Related: Deepfakes aimed at mobile banking apps With millions of users worldwide relying on mobile apps for their banking needs, the convenience is undeniable. Alarmingly, 85% of banks are predicted to be at risk from rising cyber threats.

Banking 100

Banking Mobile Cyber Attacks Encryption 100

SecureList

MAY 17, 2021

Bizarro is yet another banking Trojan family originating from Brazil that is now found in other regions of the world. Attempts have now been made to steal credentials from customers of 70 banks from different European and South American countries. The codenames are bank names written in leetspeak. ” ).

Banking 145

Banking Social Engineering Malware Engineering 145

eSecurity Planet

SEPTEMBER 13, 2024

Cyber security in banking has become the frontline defense against an ever-growing wave of digital threats. With billions of dollars and sensitive data at risk, banks are under constant pressure to stay one step ahead of cybercriminals. Table of Contents Toggle What is Cyber Security in Banking?

Banking 109

Banking Identity Theft DDOS Cyber threats 109

Krebs on Security

NOVEMBER 26, 2021

Korab filed a vulnerability report with Lumen demonstrating how a simple spoofed email could be used to disrupt Internet service for banks, telecommunications firms and even government entities. Of these, MAIL-FROM has long been considered insecure, for the simple reason that it’s not difficult to spoof the return address of an email.

Internet 72

Internet Internet Authentication Telecommunications 72

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 104

Social Engineering Mobile Authentication Engineering 104

CyberSecurity Insiders

AUGUST 1, 2022

While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. What is Identity Authentication? What are the Most Common Authentication Methods? Image Source.

Authentication 121

Authentication Passwords Technology Insurance 121

Krebs on Security

SEPTEMBER 5, 2023

In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users. LastPass disclosed that criminal hackers had compromised encrypted copies of some password vaults, as well as other personal information.

Cryptocurrency 361

Cryptocurrency Passwords Encryption Accountability 361

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

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

Authentication 105

Authentication Passwords Mobile Accountability 105

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 98

Banking Cryptocurrency Malware Advertising 98

Schneier on Security

DECEMBER 8, 2017

New research found that many banks offer certificate pinning as a security feature, but fail to authenticate the hostname. We found that 9 apps had this flaw, including two of the largest banks in the world: Bank of America and HSBC. This leaves the systems open to man-in-the-middle attacks.

Banking 166

Banking VPN Encryption Authentication 166

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

Financial Services 62

Financial Services Cybersecurity CISO Backups 62

IT Security Guru

NOVEMBER 18, 2024

It’s interesting to note that many people will happily unlock their phone by just looking at it and have no problem tapping their bank card against a store’s point of sale terminal, but if the term password security is presented to them, they have a blank expression, or worse, shrink away. It doesn’t have to sell itself.

Passwords 101

Passwords Password Management Technology Authentication 101

Krebs on Security

NOVEMBER 21, 2018

The problem stemmed from an authentication weakness in a USPS Web component known as an “application program interface,” or API — basically, a set of tools defining how various parts of an online application such as databases and Web pages should interact with one another. .

Accountability 279

Accountability Authentication Identity Theft Advertising 279

The Last Watchdog

AUGUST 15, 2018

In a move to blanket the Internet with encrypted website traffic, Google is moving forward with its insistence that straggling website publishers adopt HTTPS Secure Sockets Layer (SSL). The background check takes us about an hour to verify the certificate request’s authenticity. Related: How PKI can secure IoT.

Internet 203

Internet Internet Encryption Authentication 203

Adam Levin

NOVEMBER 17, 2020

Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. No matter your payment of choice, check bank and credit card statements daily for suspicious or erroneous charges. SSLs ensure all data is encrypted. Enable two-factor authentication. Look for the lock.

Scams 243

Scams Retail Banking Passwords 243

Thales Cloud Protection & Licensing

JANUARY 26, 2021

Even when banking organizations are upgrading security posture to safeguard sensitive financial information, hackers can steal the data intelligently by tying known vulnerabilities together, and making it turn out to be a potential attack. In fact, recent reports highlight that “half of all mobile banking apps are vulnerable.”

Banking 143

Banking Retail Big data Computers and Electronics 143

CyberSecurity Insiders

APRIL 29, 2022

Researchers at the University of Copenhagen’s Department of Mathematical Sciences have developed a new security identification that authenticates whether we are communicating with the right person based on their precise geographical location.

Hacking 121

Hacking Computers and Electronics Banking Encryption 121

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 81

Banking Social Engineering Cyber threats Encryption 81

Security Affairs

JANUARY 24, 2023

GoTo is notifying customers that its development environment was breached in November 2022, attackers stole customers’ backups and encryption key. We also have evidence that a threat actor exfiltrated an encryption key for a portion of the encrypted backups.” ” reads an update provided by the company. .”

Backups 98

Backups Encryption Data breaches Passwords 98

Thales Cloud Protection & Licensing

JANUARY 31, 2025

Learn why these modern security practices are essential for safer, stronger authentication. 2025 must be the year we adopt modern security practices, such as passkeys, phishing-resistant 2FA, and password managers, to ensure safer, stronger authentication for everyone. Passwordless authentication. So, whats the alternative?

Phishing 62

Phishing Passwords Password Management Authentication 62

Security Affairs

APRIL 30, 2020

Security experts from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe. Researchers from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe.

Mobile 143

Mobile Financial Services Banking Malware 143

Krebs on Security

AUGUST 6, 2020

Dubner said all customers are required to use multi-factor authentication, and that everyone applying for access to its services undergoes a rigorous vetting process. . “We identified a handful of legitimate businesses who are customers that may have experienced a breach,” Dubner said.

Accountability 363

Accountability Identity Theft Hacking Insurance 363

CyberSecurity Insiders

JUNE 5, 2023

From social media platforms to online shopping and banking, we share a wealth of personal information that can be vulnerable to misuse or exploitation. Enable 2FA whenever available, especially for sensitive accounts like email, banking, and social media. This helps prevent unauthorized access even if your password is compromised.

Passwords 126

Passwords Encryption Media Banking 126