A massive DDoS attack generating 809 million packets per second was recently directed against a large European bank, according to the security firm Akamai, which describes in a new report the unusual approach the attackers took.
A hacking group dubbed CryptoCore has stolen more than $200 million in virtual currency from several cryptocurrency exchanges over the past two years, the security firm ClearSky Cyber Security reports.
Vulnerabilities due to "coding errors" in a number of mobile banking applications make them all too susceptible to hacking and customer account data theft, the security firm Positive Technologies warns.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
Surveillance researchers at Citizen Lab have tied thousands of "Dark Basin" corporate espionage phishing attacks to a small Indian cybersecurity firm called BellTroX InfoTech Services. It's led by Sumit Gupta, who was indicted by the U.S. in 2015 for criminal hacking on behalf of private investigators.
Financial institutions face two major network security related challenges while working to serve their customers: the constant demand to improve in order to successfully compete in the market and regulatory compliance.
Yet, when it comes to security, the InfoSec team often uses slow, manual (and error prone)...
This session will dive into top cyber security challenges that the large financial institutions are facing today. This interactive session will demonstrate real examples and customer use cases to illustrate how segmentation helped to address these challenges with significant cost savings while accelerating...
Massive digital disruption has redefined the financial services industry. Over 5,000 FinTechs have appeared on the market, increasing competition. Regulations such as PSD2 and GDPR have elevated standards for security and privacy. Customers expect easy, omnichannel access and instant service. Banks have only seconds...
The Future of Unified Workplace Access
A Vision for a Unified Physical Identity and Access Management for Financial Institutions Vision for a Unified Physical Identity and Access Management for Financial Institutions
Banks and financial institutions are undergoing a physical transformation and rebirth. As cyber...
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
A quarter of financial institutions experienced at least one spear-phishing or business email compromise attack in 2019 where user credentials were compromised and/or fraud was committed. These attacks also often resulted in intellectual property and physical damage.
Yet, nearly half of institutions surveyed state...
The notorious carder marketplace Joker's Stash is advertising a fresh batch of 400,00 stolen payment cards issued by both South Korea and U.S. banks, warns Group-IB. It says that on average, stolen APAC payment card data sells for five times more than stolen U.S. payment card data.
Russian authorities typically turn a blind eye to cybercrime committed by citizens, provided they target foreigners. But as the recent "BuyBest" arrests of 25 individuals demonstrate, authorities do not tolerate criminals that target Russians, and especially not anyone who targets Russian banks.