Banking and Finance


  • After security disasters, banks using SWIFT messaging platform face new regulations in 2018

    January 3, 2018

    In 2018, all banks using the SWIFT messaging platform will be required to comply with a new cybersecurity framework that aims to establish a baseline for security. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. Banks use the closed network to communicate among themselves, sending approximately 25 million messages per day. Read more… Source: TechRepublic

  • MoneyTaker Cybercriminal Group Steals $10 Million from Financial Institutions

    December 12, 2017

    Security researchers shed light on the Russian-speaking cybercriminal group MoneyTaker, which was reported to have perpetrated cyberattacks against financial organizations in the U.S. and Russia. The group reportedly stole as much as $10 million from at least 20 card payment and inter-bank transfer systems. What is MoneyTaker? MoneyTaker is a cybercriminal group named after the custom malware they use ...

  • Banking Apps Found Vulnerable to MITM Attacks

    December 7, 2017

    Leading US and UK-based banks have patched a flaw found in their Android and iOS mobile apps that allowed adversaries to conduct man-in-the-middle attacks to steal customer credentials and view and manipulate network traffic. According to researchers at the School of Computer Science at the University of Birmingham that found the flaw, the vulnerability impacted nine apps belonging ...

  • Ursnif Trojan Adopts New Code Injection Technique

    December 4, 2017

    Hackers are testing a new variation of the Ursnif Trojan aimed at Australian bank customers that utilizes novel code injection techniques. Since the summer of 2017, IBM X-Force researchers report that Ursnif (or Gozi) samples have been tested in wild by a new malware developer. The samples are a noteworthy upgrade from previous versions. “This finding is ...

  • Hackers Now Have Incredibly Sophisticated Ways to Breach Banks’ Defenses

    November 29, 2017

    Global banks need to do more to protect themselves from cyberattacks after a “significant evolution” in the threat level in the last 18 months, according to the SWIFTglobal payments network. Hackers are deploying increasingly sophisticated ways of breaching banks’ cyber defenses to launch finely orchestrated attacks, SWIFT said in a report co-written with defense contractor BAE Systems. ...

  • Banking Trojan Gains Ability to Steal Facebook, Twitter and Gmail Accounts

    November 14, 2017

    Security researchers have discovered a new, sophisticated form of malware based on the notorious Zeus banking Trojan that steals more than just bank account details. Dubbed Terdot, the banking Trojan has been around since mid-2016 and was initially designed to operate as a proxy to conduct man-in-the-middle (MitM) attacks, steal browsing information such as stored credit card information ...

  • DHS, FBI describe North Korea’s use of FALLCHILL malware

    November 14, 2017

    The North Korean government has likely been using the malware since 2016 to target the aerospace, telecommunications, and finance industries, the US government says. The federal government on Tuesday issued an alert detailing the North Korean government’s use of malware known as FALLCHILL, warning that North Korea has likely been using the malware since 2016 to target the ...

  • New IcedID Trojan Targets US Banks

    November 13, 2017

    Researchers are warning users about a wave of recent attacks targeting U.S. financial institutions that leverage a new banking Trojan dubbed IcedID. The IcedID Trojan was spotted in September by researchers at IBM’s X-Force Research team. They said the Trojan has several standout techniques and procedures, such as the ability to spread over a network and ...

  • Fast-growing cyber crime threatens financial sector: Europol

    November 8, 2017

    The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday. Online criminals have become so sophisticated that gangs have created “conglomerations” with company structures that specialize in different criminal activities to carry out ...

  • Ursnif Banking Trojan Spreading In Japan

    October 26, 2017

    Attackers behind the pervasive banking Trojan Ursnif have made Japan one of their top targets, delivering the malware via spam campaigns that began last month. For years, Ursnif (or Gozi) has targeted Japan along with North America, Europe and Australia. But according to a recent IBM X-Force analysis of the malware, hackers have stepped up Ursnif ...

  • Dangerous Malware Allows Anyone to Empty ATMs—And It’s On Sale!

    October 17, 2017

    Hacking ATM is now easier than ever before. Usually, hackers exploit hardware and software vulnerabilities to hack ATMs and force them to spit out cash, but now anyone can simply buy a malware to steal millions in cash from ATMs. Hackers are selling ready-made ATM malware on an underground hacking forum that anybody can simply buy for ...

  • EternalBlue Exploit Used in Retefe Banking Trojan Campaign

    September 22, 2017

    Criminals behind the Retefe banking Trojan have added a new component to their malware that uses the NSA exploit EternalBlue. The update makes Retefe the latest malware family to adopt the SMBv1 attack against a patched Windows vulnerability, and could signal an emerging trend, said researchers at Proofpoint. Earlier this year, researchers at Flashpoint observed the TrickBot ...

  • Equifax hack: Britons among 143 million people to have their details compromised

    September 8, 2017

    Credit agency Equifax has admitted that data from 143 million customers may have been compromised in a security breach earlier this year. US, UK and Canadian residents are among those to have their details accessed through a website application vulnerability. The attack was discovered to have run from mid-May until 29 July, but the US company has ...

  • Former Military Cybersecurity Platform to Be Applied in Money Services Business (MSB) Sector

    August 13, 2017

    Recent cyber attacks have increased awareness security on the net. The cyber security market is one of the fastest growing industries in the past few years, due to the increasing penetration of the internet and growing adoption of cloud computing. The global cyber security market is expected to reach $181.77 billion in 2021, according to a report ...

  • WannaCry Hero Charged With Creating $7,000 Banking Malware

    August 3, 2017

    In an astonishing turn of events, the man who stopped the spread of the WannaCry ransomware earlier this year has been arrested and charged with creating a banking malware known as Kronos. Marcus Hutchins, also known as MalwareTech, was held in Nevada, just as he was getting ready to head home from the Las Vegas-based hacker conferences ...

  • $39 million cyber heist crooks caught by Omani agency

    August 2, 2017

    Omani forensic specialists helped track down online crooks who stole $39 million from a government bank, the director of the Internet Technology Agency has revealed. A cyber attack on an Oman bank in 2013 sparked a global manhunt across 24 nations that led to the arrests of seven people in the USA, according to Dr Badr ...

  • UniCredit Bank Hacked, 400,000 Accounts Exposed

    July 26, 2017

    UniCredit has just announced in an official statement that its servers were breached by hackers, with details of approximately 400,000 clients said to be exposed. The bank explained that hackers managed to get inside its systems in Italy twice in the last 12 months. The first hack took place in September and October 2016, while the ...

  • Bank of America Customers Under Attack, Phishing Site Hosted on Russian Server

    July 24, 2017

    You might be tempted to believe that hackers are getting tired of using phishing scams to target bank clients across the globe, but as Bank of America customers might find out the hard way, this doesn’t seem to be the case just yet. HackRead has come across a new major phishing attack aimed at BoA clients, ...

  • Lloyd’s says cyber-attack could cost $120bn, same as Hurricane Katrina

    July 17, 2017

    Lloyd’s of London has warned that a serious cyber-attack could cost the global economy more than $120bn (£92bn) – as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy. Published two months after a ransomware cyber-attack that hobbled NHS hospitals and hit nearly 100 countries, a 56-page report from the world’s oldest insurance market ...

  • Hackers Attack Trump Hotels, Steal Credit Card Details and Personal Data

    July 12, 2017

    Hackers breached the systems used by 14 different Trump Hotels properties between August 10, 2016 and March 9, 2017, managing to steal sensitive information like guests’ credit card details and other personal information. In a 9-page notification published on the official page, Trump Hotels informs customers that hackers managed to breach the systems of Sabre Hospitality ...