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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

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Morgan Stanley discloses data breach after the hack of a third-party vendor

Security Affairs

The American multinational investment bank and financial services firm Morgan Stanley discloses a data breach caused by the hack of an Accellion FTA server of a third-party vendor. The hack of the FTA server took place in March, but the hacker had access to the data of Morgan Stanley customers in May. Pierluigi Paganini.

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RSAC Fireside Chat: The need to stop mobile apps from exposing API keys, user credentials in runtime

The Last Watchdog

Related: Collateral damage of T-Mobile hack Yet, APIs have also exponentially increased the attack vectors available to malicious hackers – and the software community has not focused on slowing the widening of this security gap. I learned this from Ted Miracco , CEO of Approov , in a discussion we had at RSA Conference 2023.

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IoT and Machine Identity Management in Financial Services

Security Boulevard

IoT and Machine Identity Management in Financial Services. How is IoT changing the financial sector? IoT has already positively impacted the financial sector and will only continue to in the future. IoT has also transformed the financial services sector in a variety of ways: Real-time data. brooke.crothers.

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GUEST ESSAY: 7 tips for protecting investor data when it comes to alternative asset trading

The Last Watchdog

By engaging third-party experts to simulate real-world hacks, companies can proactively uncover potential weaknesses and address them promptly. Implement strong data encryption. Data encryption is fundamental for protecting sensitive information in alternative asset trading. •Conduct regular penetration testing.

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BlackCocaine Ransomware, a new malware in the threat landscape

Security Affairs

Recently Cyber researchers for Cyble investigated an attack suffered by on May 30, 2021, by Nucleus Software, an India-based IT company in the Banking and Financial Services sector. Nucleus Software declared that it does not store customers’ financial data. . BlackCocaine ” to the filenames of encrypted files.

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LoanDepot data breach impacted roughly 16.6 individuals

Security Affairs

Financial services company LoanDepot disclosed a data breach that impacted roughly 16.6 LoanDepot is a financial services company that primarily operates as a mortgage lender. The company provides a range of mortgage and non-mortgage loan products and services. million individuals. million individuals. .