Banking and Finance


  • Hundreds of Snowflake customer passwords found online are linked to info-stealing malware

    June 5, 2024

    Cloud data analysis company Snowflake is at the center of a recent spate of alleged data thefts, as its corporate customers scramble to understand if their stores of cloud data have been compromised. Snowflake helps some of the largest global corporations — including banks, healthcare providers and tech companies — store and analyze their vast amounts ...

  • Chinese Nationals Plead Guilty To Cyber Crimes In Zambia

    June 5, 2024

    Twenty-two Chinese nationals have pleaded guilty to committing cyber-related crimes in Zambia. They are among 77 suspects arrested in April in connection with a “sophisticated internet fraud syndicate,” according to authorities. The operation targeted a Chinese-run company in Lusaka following a surge in internet fraud cases affecting people globally. The Chinese nationals are scheduled for sentencing ...

  • Ukrainian intelligence’ hackers attack Russian government agencies and large companies

    June 5, 2024

    Hackers from the Main Intelligence Directorate (DIU) of Ukraine’s Ministry of Defense have attacked the electronic services of several Russian ministries and banking institutions, according to RBC-Ukraine source in the special services. According to Roskomnadzor (Federal Service for Supervision of Communications, Information Technology and Mass Media) , the disruption is allegedly linked to an accident in ...

  • Inside The Box: Malware’s New Playground

    June 3, 2024

    Over the past few months, we have been monitoring the increasing abuse of BoxedApp products in the wild. BoxedApp products are commercial packers that provide advanced features such as Virtual Storage (Virtual File System, Virtual Registry), Virtual Processes, and a universal instrumentation system (WIN/NT API hooking). Even though BoxedApp has been commercially available for a while, ...

  • Santander data breach: 30m account and credit card details up for sale on dark web

    June 1, 2024

    According to reports, Santander customer and staff data has been put up for sale on the dark web. The details relate to the data leak reported earlier in May. Data leaked included HR details for staff, 30m customers’ bank account details, and 28m credit card numbers. The bank, which is the eurozone’s second-largest lender, has around ...

  • ABN Amro on alert as supplier hit by ransomware attack

    May 28, 2024

    ABN Amro is warning customers that their personal details may be at risk after a ransomware attack at one its supplier. The ransomware attack was inflicted on AddComm, which distributes documents and tokens physically and digitally to ABN Amro clients and employees. External cybersecurity experts are currently investigating exactly what data has been stolen at AddComm. Read ...

  • Bank of Russia reports rising number of cyber attacks on financial infrastructure

    May 23, 2024

    The Bank of Russia reported an increase in the number of attacks on suppliers of various IT solutions used in the financial market, the regulator said in its report. “It is particularly noteworthy that attacks on third parties – suppliers of various IT solutions utilized in the financial market – have increased in frequency in 2023. ...

  • Deepfake video conference sees criminals escape with US$25 million

    May 20, 2024

    In February, a multinational company’s finance team member in Hong Kong made headlines after he transmitted HK$200 million (US$25 million) to cybercriminals who pretended to be the chief financial officer and other colleagues, using deepfake technology, in what the worker thought was a legitimate video conference. Now it’s been revealed that it was UK engineering group ...

  • Santander hit by data breach affecting customers and staff

    May 14, 2024

    Spanish bank Santander has said data managed by an external party was recently accessed without permission, affecting some of its clients and all of its current staff. “We recently became aware of an unauthorized access to a Santander database hosted by a third-party provider,” the bank said in a statement on Tuesday. Read more… Source: MSN News Sign up ...

  • Financial cyberthreats in 2023

    May 6, 2024

    Money is what always attracts cybercriminals. A significant share of scam, phishing and malware attacks is about money. With trillions of dollars of digital payments made every year, it is no wonder that attackers target electronic wallets, online shopping accounts and other financial assets, inventing new techniques and reusing good old ones. Amid the current threat ...

  • SoumniBot: the new Android banker’s unique techniques

    April 17, 2024

    The creators of widespread malware programs often employ various tools that hinder code detection and analysis, and Android malware is no exception. As an example of this, droppers, such as Badpack and Hqwar, designed for stealthily delivering Trojan bankers or spyware to smartphones, are very popular among malicious actors who attack mobile devices. That said, we ...

  • IMF: Rising Cyber Threats Pose Serious Concerns for Financial Stability

    April 9, 2024

    Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than $1 billion in penalties after a major data breach in 2017 that affected about 150 million consumers. As we show ...

  • Prudential Financial February incident exposed data of nearly 37K customers

    April 2, 2024

    Prudential Financial disclosed that 36,545 individuals had personal information stolen in an early February breach that was claimed by ALPHV/BlackCat, the group also responsible for the Change Healthcare ransomware attack. In a letter to consumers March 29, the large insurance company said the stolen personal data includes names, addresses, driver’s license numbers, and non-driver identification card ...

  • Agenda Ransomware Propagates to vCenters and ESXi via Custom PowerShell Script

    March 26, 2024

    Since its discovery in 2022, the Agenda Ransomware group (also known as Qilin) has been active and in development. Agenda, which Trend Micro tracks as Water Galura, continues infecting victims globally with the US, Argentina, and Australia, and Thailand being among its top targets (based on the threat actor’s leak site data). Meanwhile the Agenda ransomware ...

  • GM stops sharing driver data with brokers amid backlash

    March 22, 2024

    After public outcry, General Motors has decided to stop sharing driving data from its connected cars with data brokers. Last week, news broke that customers enrolled in GM’s OnStar Smart Driver app have had their data shared with LexisNexis and Verisk. Those data brokers in turn shared the information with insurance companies, resulting in some drivers ...

  • From Ransomware to Pig Butchering, Visa Report Shows Top Scams Impacting Consumers and Businesses Globally

    March 20, 2024

    Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors targeting the most vulnerable point in the payments’ ecosystem: humans. Read more… Source: Yahoo News  

  • ‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs

    March 19, 2024

    Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks, as customers discovered they could withdraw more than their total ...

  • Experian Is Trying To Force WhatsApp To Hand Over User Data In An ‘Odd’ Court Battle

    March 19, 2024

    Experian, the $40 billion credit monitoring company, has asked a U.S. judge to force WhatsApp to provide users’ call and message records to aid it in fighting separate lawsuits, according to court records obtained by Forbes. In February, Experian sent two subpoenas to WhatsApp, asking for information that included all phone numbers and call and message ...

  • Cybercrime Atlas: International effort to disrupt cybercrime moves into operational phase

    March 14, 2024

    The Cybercrime Atlas, a massive undertaking that aims to disrupt cybercriminals across the globe, enters its operational phase in 2024, two years after organizers laid the groundwork at the RSA Conference.… Its members now include 20-plus law enforcement agencies, private-sector security companies and incident responders, financial institutions, NGOs, and academics. Over the past year, the investigations ...

  • FBI Report Reveals Americans Lost Staggering $3.94 Billion to Crypto Investment Scams in 2023

    March 9, 2024

    The surge in cryptocurrency scams in 2023, as reported by the FBI, underscores the growing prevalence of digital currency in online crime. With losses reaching $3.94 billion, a 53% increase from the previous year, these scams represent a significant portion of overall investment frauds, which amounted to $4.57 billion. Cryptocurrency scams encompass a range of deceptive ...