Banking Related Topics 
Schneier on Security
MAY 20, 2021
Bizarro is a new banking trojan that is stealing financial information and crypto wallets. …the program can be delivered in a couple of ways — either via malicious links contained within spam emails, or through a trojanized app.
Krebs on Security
OCTOBER 7, 2022
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. ” Sen.
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Schneier on Security
MARCH 22, 2021
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.
Security Affairs
DECEMBER 6, 2022
Russia’s second-largest bank VTB Bank reveals it is facing the largest DDoS (distributed denial of service) attack in its history. State-owned VTB Bank, the second-largest financial institution in Russia, says it is facing the largest DDoS (distributed denial of service) attack in its history. ” Source USnews.com.
Speaker: William Hord, Senior VP of Risk & Professional Services
Does our bank understand and support the importance of a strong ERM program to continue to position our company for growth? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk? Are we leveraging risk velocity and vulnerability to obtain more granular residual risk results?
Krebs on Security
NOVEMBER 10, 2021
Smishing messages usually include a link to a site that spoofs a popular bank and tries to siphon personal information. But increasingly, phishers are turning to a hybrid form of smishing — blasting out linkless text messages about suspicious bank transfers as a pretext for immediately calling and scamming anyone who responds via text.
Krebs on Security
AUGUST 4, 2022
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.
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
From a budget standpoint, US banks are feeling the pinch. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. The largest banks have increased reserves to protect against deteriorating economic conditions. Global economic conditions are soft at best.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST
Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC
Paige Baumann will walk us through the impacts of the AMLA, and you'll leave this session with a new understanding of: The catalysts for this new law and how it amended the Bank Secrecy Act of 1970 Rulemaking and other actions taken by the U.S. The AMLA represents the most significant changes in U.S.
Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP
As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! It’s mindboggling, but right now for 49% of respondents, cybersecurity is their primary business concern.
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