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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

They also allow the exchange of cryptocurrency for cash in accounts at some of Russia’s largest banks — nearly all of which are currently sanctioned by the United States and other western nations. At that address is a three-story building that used to be a bank and now houses a massage therapy clinic and a co-working space.

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Fake bank ads on Instagram scam victims out of money

Malwarebytes

Ads on Instagram—including deepfake videos—are impersonating trusted financial institutions like Bank of Montreal (BMO) and EQ Bank (Equitable Bank) in order to scam people, according to BleepingComputer. From there, it’s likely the scammers will empty the bank account and move on to their next victim.

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Android malware FakeCall intercepts your calls to the bank

Malwarebytes

An Android banking Trojan called FakeCall is capable of hijacking the phone calls you make to your bank. Instead of reaching your bank, your call will be redirected to the cybercriminals. As you can imagine handing these options to a malicious app comes with some serious risks.

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Tenable: 26,500 Cyber Vulnerabilities Risk SE Asia’s Banks

Tech Republic Security

Tenable's research reveals 26,500 cyber vulnerabilities in Southeast Asia's banking and insurance sectors, exposing critical security risks.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises. May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

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Crooks bank on Microsoft’s search engine to phish customers

Malwarebytes

We identified a new wave of phishing for banking credentials that targets consumers via Microsoft’s search engine. Multi-factor authentication is still highly recommended, but users should be aware that criminals can directly ask for verification codes while pretending to be the real bank.

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Is Your Chip Card Secure? Much Depends on Where You Bank

Krebs on Security

More recently, researchers at Cyber R&D Labs published a paper detailing how they tested 11 chip card implementations from 10 different banks in Europe and the U.S. “Thus, provided iCVV is validated properly, the risk of counterfeit fraud was minimal. A close-up of a shimmer found on a Canadian ATM. Source: RCMP.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?