- Could cybersecurity sink your next M&A?
February 26, 2017
Most CFOs don’t expect to see cybersecurity on their due diligence checklist for mergers and acquisitions. Yet cybersecurity – or a lack thereof – has massive implications for any deal: after all, the average data breach now costs organisations in the ballpark of $4 million, not to mention the potential damage to reputation and revenues when ...
- Malware Attack on Polish Banks Uses Russian as False Flag, Linked to Lazarus
February 21, 2017
Hackers involved in the attack on Polish banks seem to have faked some of the code lines, making it seem as if they were Russians. The truth is, however, the lines don’t make sense to native speakers and an online translator may have been used. A recent sophisticated attack campaign targeted financial organizations from many countries, ...
- 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. ...