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:
- Adventures in MQTT Part II: Identifying MQTT Brokers in the Wild
November 18, 2020
The use of publicly accessible MQTT brokers is prevalent across numerous verticals and technology fields. I was able to identify systems related to energy production, hospitality, finance, healthcare, pharmaceutical manufacturing, building management, surveillance, workplace safety, vehicle fleet management, shipping, construction, natural resource management, agriculture, smart homes and far more. Hackers have been sounding alarms about this ...
- Singapore moots mandatory offsite verification for financial institutions
November 10, 2020
Singapore is considering the need for various personal information, such as password and biometrics, to facilitate “non-face-to-face” verification for financial services. This comes amidst a rise in impersonation scam cases and risks of personal data theft. In a consultation paper released Tuesday, the Monetary Authority of Singapore (MAS) mooted the mandatory use of at least one ...
- Ghimob: a Tétrade threat actor moves to infect mobile devices
November 9, 2020
Guildma, a threat actor that is part of the Tétrade family of banking trojans, has been working on bringing in new techniques, creating new malware and targeting new victims. Recently, their new creation, the Ghimob banking trojan, has been a move toward infecting mobile devices, targeting financial apps from banks, fintechs, exchanges and cryptocurrencies in ...
- Cybersecurity threats to corporate America are present now ‘more than ever,’ SEC chair says
November 2, 2020
Securities and Exchange Commission Chairman Jay Clayton is telling corporate America it needs to get much more vigilant on security. In an interview Monday on CNBC’s “Power Lunch,” stressed that significant cybersecurity threats remain, despite the ongoing coronavirus pandemic and election season. “Cyber risks have not gone away with the unfortunate, unforeseen risks we’ve faced with ...
- Wroba Mobile Banking Trojan Spreads to the U.S. via Texts
October 30, 2020
The Wroba mobile banking trojan has made a major pivot, targeting people in the U.S. for the first time. According to researchers at Kaspersky, a wave of attacks are taking aim at U.S. Android and iPhone users in an effort that started on Thursday. The campaign uses text messages to spread, using fake notifications for “package ...
- Wireshark Tutorial: Examining Dridex Infection Traffic
October 23, 2020
This tutorial is designed for security professionals who investigate suspicious network activity and review network packet captures (pcaps). Familiarity with Wireshark is necessary to understand this tutorial, which focuses on Wireshark version 3.x. Dridex is the name for a family of information-stealing malware that has also been described as a banking Trojan. This malware first appeared ...