Cybercriminals have tricked a major Italian bank into wiring more than $100 million abroad by targeting executives with AI-powered deepfakes. Some of the money has since been recovered, but a significant portion remains unaccounted for.
The target was Fideuram – Intesa Sanpaolo Private Banking, a very large Italian private-banking and wealth-management group owned by Intesa Sanpaolo. It cannot be considered a “normal” retail bank – its core business is managing investments and wealth for affluent and high-net-worth clients.
According to the latest figures, the bank has around $513.25 billion in assets under management (AUM), more than 7,100 private bankers, and more than $9.85 billion in net profit.
Read more…
Source: TechRadar News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- ION Markets suffers cyber attack on derivatives platform
February 1, 2023
ION Markets was hit with a cyber attack last night that impacted some of its derivatives services and resulted in concerns around trade processing for its clients. The news first came to light with a Twitter post from user PriapusIQ at 10.24pm last night claiming “trade processing carnage” following a cyber attack Read more… Source: The Trade Related story: ...
- Prilex modification now targeting contactless credit card transactions
January 31, 2023
Prilex is a singular threat actor that has evolved from ATM-focused malware into unique modular PoS malware – actually, the most advanced PoS threat Kaspersky have seen so far, as described in a previous article. Forget about those old memory scrapers seen in PoS attacks. Prilex goes beyond these, and it has evolved very differently. This ...
- FBI Confirms Lazarus Group Cyber Actors Responsible for Harmony’s Horizon Bridge Currency Theft
January 23, 2023
The FBI continues to combat malicious cyber activity, including the threat posed by the Democratic People’s Republic of Korea (DPRK) to the U.S. and our private sector partners. Through our investigation, we were able to confirm that the Lazarus Group (also known as APT38), cyber actors associated with the DPRK, are responsible for the theft ...
- Now this password-stealing Android malware wants to grab your bank details too
January 5, 2023
A prolific and powerful form of Android malware has switched its attention to online banking applications, using abilities including keylogging to steal usernames and passwords for bank accounts, social media profiles and more. Detailed by researchers at cybersecurity company ThreatFabric, the Android malware is part of the SpyNote family, a form of trojan spyware which has ...
- Bluebottle: Campaign Hits Banks in French-speaking Countries in Africa
January 5, 2023
Bluebottle, a cyber-crime group that specializes in targeted attacks against the financial sector, is continuing to mount attacks on banks in Francophone countries. The group makes extensive use of living off the land, dual-use tools, and commodity malware, with no custom malware deployed in this campaign. The activity observed by Symantec, a division of Broadcom Software, ...
- Godfather: A banking Trojan that is impossible to refuse
December 21, 2022
The Android banking Trojan Godfather is currently being utilized by cybercriminals to attack users of popular financial services across the globe. Godfather is designed to allow threat actors to harvest login credentials for banking applications and other financial services, and drain the accounts. To date, its victims include users of over 400 international targets, including ...