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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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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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Fintech Giant Finastra Investigating Data Breach

Krebs on Security

The financial technology firm Finastra is investigating the alleged large-scale theft of information from its internal file transfer platform, KrebsOnSecurity has learned. However, it did reference many of the same banks called out as Finastra customers in the Nov. ” On Nov. abyss0’s Nov. 8 post on BreachForums.

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

Krebs on Security

based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology to sidestep key chip card security features and effectively create usable, counterfeit cards. Newer, chip-based cards employ a technology known as EMV that encrypts the account data stored in the chip.

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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

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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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. ” Sen.

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The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. Crooks are constantly probing bank Web sites for customer accounts protected by weak or recycled passwords.

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