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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Bank , and Wells Fargo.

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Bizarro Banking Trojan

Schneier on Security

Bizarro is a new banking trojan that is stealing financial information and crypto wallets. Uncategorized backdoors banking credentials cryptography malware reports

Banking 276
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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.

Banking 257
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Russia’s second-largest bank VTB Bank under DDoS attack

Security Affairs

Russia’s second-largest bank VTB Bank reveals it is facing the largest DDoS (distributed denial of service) attack in its history. The pro-Ukraine collective IT Army of Ukraine has claimed responsibility for the DDoS attacks against the bank.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

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Details of a Computer Banking Scam

Schneier on Security

This is a longish video that describes a profitable computer banking scam that’s run out of call centers in places like India. And three, it’s an evolving tactic that gets around banks increasingly flagging blocking suspicious electronic transfers.

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What role does Cloud Computing play in Banking and Financial Services?

Security Boulevard

Banks in the financial services sector cannot function in the digital age without Cloud technology. The post What role does Cloud Computing play in Banking and Financial Services? Cloud Security Security Bloggers Network banking cloud computing Financial Services

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Bank loses customers’ social security numbers after ransomware attack

Hot for Security

Because what if two weeks later the hacked bank (did I mention it was in the top 75 list of largest banks in the United States?) However, things became even more serious when it became apparent that the hackers were contacting the bank’s customers, informing them of the breach.

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Robin Banks still might be robbing your bank (part 2)

Security Boulevard

Key points from our research: The post Robin Banks still might be robbing your bank (part 2) appeared first on Security Boulevard. Security Bloggers Network Threat Research

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New Android banking Malware targets Brazil’s Itaú Unibanco Bank

Security Affairs

Researchers analyzed a new Android banking malware that targets Brazil’s Itaú Unibanco that spreads through fake Google Play Store pages. SecurityAffairs – hacking, Android banking malware).

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Xenomorph Android banking trojan distributed via Google Play Store

Security Affairs

Xenomorph Android trojan has been observed distributed via the official Google Play Store targeting 56 European banks. Researchers from ThreatFabric have spotted a new Android banking trojan, dubbed Xenomorph , distributed via the official Google Play Store that has over 50,000 installations.

Banking 104
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Scammers Sent Uber to Take Elderly Lady to the Bank

Krebs on Security

Email scammers sent an Uber to the home of an 80-year-old woman who responded to a well-timed email scam, in a bid to make sure she went to the bank and wired money to the fraudsters. So they sent her some information about where to wire the money, and asked her to go to the bank.

Banking 231
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SMS About Bank Fraud as a Pretext for Voice Phishing

Krebs on Security

Smishing messages usually include a link to a site that spoofs a popular bank and tries to siphon personal information. Since this seemed like a reasonable and simple request — and she indeed had an account at the bank in question — she responded, “NO.”

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American Bank Data Breach caused from Cyber Attack

CyberSecurity Insiders

A Michigan based American bank named Flagstar Bank has sent notification to almost all its customers about a data breach that took place in December last year. The post American Bank Data Breach caused from Cyber Attack appeared first on Cybersecurity Insiders.

Banking 112
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Why Security Must be the Focus of Modern Banking

Security Boulevard

consumers are shying away from digital banking due to security concerns. According to a PYMNTS Digital Banking report, 47% of consumers worry about their data security, despite significant interest in digitized banking services. This is why modern banking practices need.

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TSB Bank Disaster

Schneier on Security

This seems like an absolute disaster: The very short version is that a UK bank, TSB, which had been merged into and then many years later was spun out of Lloyds Bank, was bought by the Spanish bank Banco Sabadell in 2015. It is bad enough that bank IT problem had been so severe and protracted a major newspaper, The Guardian, created a live blog for it that has now been running for two days. banking dataprotection

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Banking’s Digital Future Raises Security Concerns

Security Boulevard

As the global financial services industry undergoes a seismic shift, disruption is prompting the industry to replace traditional practices, with emphasis on the inevitable digital future banks will have to embrace.

Banking 112
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Grandoreiro banking malware targets Mexico and Spain

Security Affairs

A new Grandoreiro banking malware campaign is targeting organizations in Mexico and Spain, Zscaler reported. Zscaler ThreatLabz researchers observed a Grandoreiro banking malware campaign targeting organizations in the Spanish-speaking nations of Mexico and Spain.

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Securing UX in Open Banking Apps

Security Boulevard

Historically, only large, well-established banks had control over the majority of consumer and corporate finances, making it highly challenging for smaller financial services providers to break into the market. The post Securing UX in Open Banking Apps appeared first on Security Boulevard.

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Beware: SOVA Android Banking Trojan emerges more powerful with new capabilities

Quick Heal Antivirus

SOVA is an Android banking Trojan with significant capabilities like credential theft, capturing keystrokes, taking screenshots, etc.,

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Reserve Bank of New Zealand Data Breach Caused by Antiquated Third Party Software

Adam Levin

The data breach of the Reserve Bank of New Zealand has been attributed to the compromise of a third party file sharing service. “A The post Reserve Bank of New Zealand Data Breach Caused by Antiquated Third Party Software appeared first on Adam Levin.

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Bizarro banking Trojan targets banks in Brazil and abroad

Security Affairs

Bizarro is a new sophisticated Brazilian banking trojan that is targeting customers of tens of banks in Europe and South America. Bizarro banking Trojan allows to capture online banking credentials and hijacking Bitcoin wallets from the victims.

Banking 92
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U.S. banking regulators order banks to notify cybersecurity incidents in 36 hours

Security Affairs

banking regulators have approved a new rule that orders banks to notify federal regulators of significant cybersecurity incidents within 36 hours. The rule aims at forcing banks to quickly respond to cybersecurity incidents. banking).

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The State of Commercial Banking and Security

Security Boulevard

The shift to digital banking has been a game-changer for financial institutions. But while digital has opened up whole new avenues for customer experience and revenue within the banking sector, one major worry continues to cause many financial professionals to lose sleep: Cybersecurity.

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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Security Boulevard

consumers have their online bank accounts hijacked and plundered by hackers, U.S. But new data released this week suggests that for some of the nation's largest banks, reimbursing account takeover victims has become more the exception than the rule. Bank Wells Fargo Zelle

Banking 52
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Tips to stay safe from online banking frauds

CyberSecurity Insiders

Because of Covid-19 lockdowns, the banking world across the globe has switched to the online banking plan. For all the basic needs, people need not visit the bank premises on a physical note. As they can opt for online banking services, to quench all their account needs.

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ERMAC 2.0 Android Banking Trojan targets over 400 apps

Security Affairs

A new version of the ERMAC Android banking trojan is able to target an increased number of apps. The ERMAC Android banking trojan version 2.0 ERMAC was first spotted by researchers from Threatfabric in July 2021, it is based on the popular banking trojan Cerberus.

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Everything You Need to Know About Neo Bank Security

Appknox

fintech Security practices mobile banking security Vulnerability Assessment Neo Banking Neo BankOf all the modern business ecosystems, the Fintech sector is one of the most volatile landscapes that is teeming with industry and technological disruptions.

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An initial access broker claims to have hacked Deutsche Bank

Security Affairs

An initial access broker claims to have hacked Deutsche Bank and is offering access to its systems for sale on Telegram. A threat actor ( 0x_dump ) claims to have hacked the multinational investment bank Deutsche Bank and is offering access to its network for sale online.

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New Android banking malware disguises as crypto app to spread

Tech Republic Security

A new banking Trojan dubbed "Malibot" pretends to be a cryptomining application to spread between Android phones. The post New Android banking malware disguises as crypto app to spread appeared first on TechRepublic.

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Anonymous claims to have hacked the Central Bank of Russia

Security Affairs

The Anonymous hacker collective claims to have hacked the Central Bank of Russia and stole accessed 35,000 documents. Anonymous continues to target Russian government organizations and private businesses, now it is claiming to have hacked the Central Bank of Russia.

Banking 107
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Robin Banks phishing-as-a-service platform continues to evolve

Security Affairs

The phishing-as-a-service (PhaaS) platform Robin Banks migrated its infrastructure to DDoS-Guard, a Russian bulletproof hosting service. This feature is offered for $1,500 per month, while Robin Bank’s full access is offered for $200 per month. SecurityAffairs – hacking, Robin Banks).

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Cybersecurity Threats and Mobile Banking/Crypto

Security Boulevard

In the realm of investments and banking, an app-driven world coupled with the emergence of cryptocurrency opens up many new avenues for investments and opportunities for financial institutions to provide mobile banking and investment services via mobile apps.

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Banking scam uses Docusign phish to thieve 2FA codes

Naked Security

Phishing Banking phishing scamsThis scam is obviously inapplicable to 999 people in every 1000. but there are LOTS of 1-in-1000 people in the world!

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Beware – Banking Trojans using enhanced techniques to spread malware.

Quick Heal Antivirus

In our Open-Source Threat Hunting, Quick Heal Security Researchers encountered a banking Trojan named Aberebot capable of stealing. The post Beware – Banking Trojans using enhanced techniques to spread malware.

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Everything You Need to Know About Open Banking Security

Appknox

It is no longer necessary to wait in queues to speak with a bank teller. financial fintech mobile banking API Security Open BankingFinancial services have developed at a breakneck pace, resulting in fierce competition among financial technologies.

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U.S. Banks Say Russian Cyberattacks Increasing

SecureWorld News

The New York Post reports that United States banks are witnessing a significant increase in cyberattacks since NATO and many Western allies imposed financial sanctions on Russia, saying that it seems the country has declared cyberwar on the U.S.

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Banks Must Report Cyber Incidents Beginning in May 2022

Lohrman on Security

financial institutions are leaders in global cyber defense. Recently approved rules will mandate the reporting of security incidents next year. We explore the topic with cybersecurity expert Michael McLaughlin

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Robin Banks phishing service returns to steal banking accounts

Bleeping Computer

The Robin Banks phishing-as-a-service (PhaaS) platform is back in action with infrastructure hosted by a Russian internet company that offers protection against distributed denial-of-service (DDoS) attacks. [.].

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German Government, Airports, Banks Hit With Killnet DDoS Attacks

Dark Reading

After Berlin pledged tanks for Ukraine, some German websites were knocked offline temporarily by Killnet DDoS attacks

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How banks and banking customers can protect themselves against financial crimes

Tech Republic Security

Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai

Banking 158
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Threat Groups Repurpose Banking Trojans into Backdoors

Dark Reading

Ursnif, a one-time banking Trojan also known as Gozi, becomes the latest codebase to be repurposed as a more general backdoor, as malware developers trend toward modularity

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Data privacy in Open Banking

Security Boulevard

The post Data privacy in Open Banking appeared first on Cloudentity. The post Data privacy in Open Banking appeared first on Security Boulevard. Security Bloggers Network Customer Experience open banking

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