Banking and Finance


  • Lazarus Trojanized DeFi app for delivering malware

    March 31, 2022

    For the Lazarus threat actor, financial gain is one of the prime motivations, with a particular emphasis on the cryptocurrency business. As the price of cryptocurrency surges, and the popularity of non-fungible token (NFT) and decentralized finance (DeFi) businesses continues to swell, the Lazarus group’s targeting of the financial industry keeps evolving. We recently discovered a ...

  • Exotic Lily: Exposing initial access broker with ties to Conti

    March 18, 2022

    In early September 2021, Threat Analysis Group (TAG) observed a financially motivated threat actor we refer to as EXOTIC LILY, exploiting a 0day in Microsoft MSHTML (CVE-2021-40444). Investigating this group’s activity, we determined they are an Initial Access Broker (IAB) who appear to be working with the Russian cyber crime gang known as FIN12 (Mandiant, ...

  • BNP Paribas bars Russia-based staff from computer systems as cyber attack fears grow

    March 10, 2022

    France’s largest bank BNP Paribas has cut off its Russia-based workforce from its internal computer systems as it seeks to bolster its defences against any potential cyber attack, a source with direct knowledge of the matter told Reuters. The French lender, believed to be the first major bank to have jettisoned staff in Moscow from its ...

  • SharkBot malware hides as Android antivirus in Google Play

    March 5, 2022

    SharkBot banking malware has infiltrated the Google Play Store, the official Android app repository, posing as an antivirus with system cleaning capabilities. Although the trojan app was far from popular, its presence in Play Store shows that malware distributors can still bypass Google’s automatic defenses. The app is still present in Google’s store at the moment ...

  • TeaBot Android Banking Trojan continues its global conquest with new upgrades

    March 2, 2022

    The TeaBot Remote Access Trojan (RAT) has been upgraded, leading to a huge increase in both targets and spread worldwide. On March 1, the Cleafy research team said TeaBot now targets over 400 applications, pivoting from an earlier focus on “smishing” to more advanced tactics. Smishing attacks are used to compromise mobile handsets via spam text messages ...

  • Financial cyberthreats in 2021

    February 23, 2022

    The year 2021 was eventful in terms of digital threats for organizations and individuals, and financial institutions were no exception. Throughout the past year, we have seen cybercriminals continue to actively target our users with tools and techniques that emerged due to the pandemic. Imperfections in the transition to remote/hybrid work continue to pose a ...

  • New phishing campaign targets Monzo online-banking customers

    February 20, 2022

    Users of Monzo, one of the UK’s most popular digital-only banking platforms, are being targeted by phishing messages supported by a growing network of malicious websites. Monzo is a 100% online banking platform with over four million customers and among the first to challenge the traditional financial managing system. The mobile-only platform offers a feature-rich app, debit ...

  • Squirrelwaffle, Microsoft Exchange Server vulnerabilities exploited for financial fraud

    February 15, 2022

    The combination of Squirrelwaffle, ProxyLogon, and ProxyShell against Microsoft Exchange Servers is being used to conduct financial fraud through email hijacking. On Tuesday, researchers from Sophos revealed a recent incident in which a Microsoft Exchange Server, which had not been patched to protect it against a set of critical vulnerabilities disclosed last year, was targeted to ...

  • Ukraine: Websites of some banks and ministries are under a cyberattack

    February 15, 2022

    According to local media, hackers are now attacking a number of sites in Ukraine. Several banks and the website of the Ministry of Defense are under DDoS attack. “Ukrainska Pravda” citing sources in the Ukrainian government understands that a powerful DDoS attack affected Privatbank and Oschadbank banks, as well as the Ministry of Defense and the ...

  • Fingers point to Lazarus, Cobalt, FIN7 as key hacking groups attacking finance industry

    January 13, 2022

    The Lazarus, Cobalt, and FIN7 hacking groups have been labeled as the most prevalent threat actors striking financial organizations today. According to “Follow the Money,” a new report published on the financial sector by Outpost24’s Blueliv on Thursday, members of these groups are the major culprits of theft and fraud in the industry today. The financial sector ...

  • Morgan Stanley agrees to $60 million settlement in data breach lawsuit

    January 5, 2022

    Morgan Stanley has agreed to a settlement figure of $60 million to resolve a data breach lawsuit. The US bank and financial services giant was subject to a class-action suit following two data exposure incidents involving approximately 15 million current and former clients. According to the motion (.PDF), legacy equipment was decommissioned in 2016 and 2019 that ...

  • Russian hackers made millions by stealing SEC earning reports

    December 21, 2021

    A Russian national working for a cybersecurity company has been extradited to the U.S. where he is being charged for hacking into computer networks of two U.S.-based filing agents used by multiple companies to file quarterly and annual earnings through the Securities and Exchange Commissions (SEC) system. Along with other conspirators, the individual made millions of ...

  • Log4j vulnerability now used to install Dridex banking malware

    December 20, 2021

    Threat actors now exploit the critical Apache Log4j vulnerability named Log4Shell to infect vulnerable devices with the notorious Dridex banking trojan or Meterpreter. The Dridex malware is a banking trojan originally developed to steal online banking credentials from victims. However, over time, the malware has evolved to be a loader that downloads various modules that can ...

  • Israel leads 10-country simulation of major cyberattack on world markets

    December 9, 2021

    Israel led a 10-country, 10-day-long simulation of a major cyberattack on the world’s financial system by “sophisticated” players, with the goal of minimizing the damage to banks and financial markets, the Finance Ministry said on Thursday. The Finance Ministry led the scenario with help from the Foreign Ministry, and said the “war game” was the first ...

  • Amazon cloud outage hits major websites, streaming apps

    December 7, 2021

    A major outage disrupted Amazon’s cloud services on Tuesday, temporarily knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc’s e-commerce website as consumers shopped ahead of Christmas. “Many services have already recovered, however we are working towards full recovery across services,” Amazon said on its status dashboard status.aws.amazon.com. Amazon’s Ring ...

  • Cyberthreats to financial organizations in 2022

    November 23, 2021

    A look back on the year 2021 and what to expect in 2022 First of all, we are going to analyze the forecasts we made at the end of 2020 and see how accurate they were. Then we will go through the key events of 2021 relating to attacks on financial organizations. Finally, we will make ...

  • Android malware BrazKing returns as a stealthier banking trojan

    November 18, 2021

    The BrazKing Android banking trojan has returned with dynamic banking overlays and a new implementation trick that enables it to operate without requesting risky permissions. A new malware sample was analyzed by IBM Trusteer researchers who found it outside the Play Store, on sites where people end up after receiving smishing (SMS) messages. These HTTPS sites warn ...

  • Indian securities depository exposed 44 million investors’ personal info – twice

    November 9, 2021

    Indian infosec consultancy CyberX9 claims it twice found records of 43.9 million shareholders exposed by systems operated by Central Depository Services Limited (CDSL) – and that the depository company responded slowly to its alerts of significant vulnerabilities. CDSL bills itself as a crucial player in India’s financial markets. It serves exchanges, investors, and issuers with depository ...

  • Robinhood Trading Platform Data Breach Hits 7M Customers

    November 9, 2021

    Investor trading app company Robinhood Markets has confirmed a data breach that affects the personal information of about 7 million customers – roughly a third of its user base. A cyberattacker made off with emails and more, which could lead to follow-on attacks for Robinhood customers. The trading platform, which found itself in the middle of ...

  • Arrests were made, but the Mekotio Trojan lives on

    November 3, 2021

    Despite the arrest of individuals connected with the spread of the Mekotio banking Trojan, the malware continues to be used in new attacks. On Wednesday, Check Point Research (CPR) published an analysis on Mekotio, a modular banking Remote Access Trojan (RAT) that targets victims in Brazil, Chile, Mexico, Spain, and Peru — and is now back ...