Banking and Finance


  • 76 iOS Apps, Including Medical and Banking Tools, Are Exposing Data to Hackers

    February 7, 2017

    Seventy-six popular apps in the Apple App Store are vulnerable to silent interception of TLS-protected data due to a poor implementation of the cryptographic protocol. According to researcher Will Strafach, who wrote on Medium, the apps are vulnerable to man-in-the-middle attacks. Data that is normally protected by Transport Layer Security can now be read or manipulated ...

  • Invisible Malware Found in Banking Systems in over 40 Countries

    February 7, 2017

    Banks, telcos, and even governmental agencies in the United States, South America, Europe, and Africa are being targeted by hackers in a series of ongoing attacks that are extremely difficult to detect. According to a new Kaspersky Lab report, at least 140 banks and other enterprises have been infected by malware that’s nearly invisible. Although this ...

  • Polish Banks Hacked using Malware Planted on their own Government Site

    February 6, 2017

    In what considered to be the largest system hack in the country’s history and a massive attack on the financial sector, several banks in Poland have been infected with malware. What’s surprising? The source of the malware infection is their own financial regulator, the Polish Financial Supervision Authority (KNF) — which, ironically, is meant to keep ...

  • Dridex Is Back, Uses New Windows UAC Bypass Method

    January 30, 2017

    Banking malware Dridex is back and it’s worse, targeting British financial institutions with a new technique that has the capability of bypassing Windows User Account Control. Researchers at security firm Flashpoint detected small phishing and spear-phishing campaigns targeting specific recipients. The messages contained macros in document attachments that allowed the download of the Dridex malware. This User ...

  • UK spy agency hires Indian startup for cybersecurity programme

    January 27, 2017

    The next time a hacker tries to break into a British bank, chances are that technology from a small Indian startup will detect the hack. Earlier this month, Britain’s top communications spy agency GCHQ (Government Communications Headquarters), which had cracked Nazi Germany’s legendary Enigma codes during the Second World War, chose Pune-based cyber security startup ...

  • Lloyds Bank Hit with DDoS Attack for Three Days Straight, Reasons Yet Unknown

    January 23, 2017

    Lloyds Bank was hit with a DDoS attack for three days straight as hackers tried to crash the website, managing to cause intermittent outages for customers on the personal banking websites. It seems that it all happened two weeks ago, starting on January 11 and ending on Friday 13, the Financial Times reports. The largest lender in ...

  • Hedge funds to invest more in technology and cyber defence

    January 12, 2017

    Investments by hedge funds into technology advancement is set to increase in the coming five years, as more executives within the industry become concerned about the impact of technology on their competitiveness. A new report finds that they will leverage a broad range of investment strategies to meet needs, from building their own systems to outsourcing. ...