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:
- Mirai, Gafgyt IoT botnets stab systems with Apache Struts, SonicWall exploits
September 10, 2018
New variations of Mirai and the Gafgyt botnet are harnessing new vulnerabilities to compromise IoT devices, including the security flaw which caused the 2017 Equifax data breach. On Sunday, researchers from the Palo Alto Networks Unit 42 team said in a blog postthat new variants of the botnets have been upgraded with a slew of exploits designed to ...
- FIN6 returns to attack retailer point of sale systems in US, Europe
September 5, 2018
A new malware campaign has been detected which is targeting point-of-sale (PoS) systems across the United States and Europe. On Wednesday, researchers from IBM X-Force IRIS said the attacks have been attributed to the FIN6 cybercriminal group. This is only the second time that a campaign has been documented which appears to be the handiwork of FIN6. According to FireEye (.PDF), ...
- New Silence hacking group suspected of having ties to cyber-security industry
September 5, 2018
At least one member of a newly uncovered cybercrime hacking group appears to be a former or current employee of a cyber-security company, according to a new report released today. The report, published by Moscow-based cyber-security firm Group-IB, breaks down the activity of a previously unreported cyber-criminal group named Silence. According to Group-IB, the group has spent the ...
- ‘CamuBot’ Banking Malware Ups the Trojan Game with Biometric Bypass
September 4, 2018
CamuBot is a unique malware targeting Brazilian bank customers that attempts to bypass biometric account protections. Brazilian bank customers are being warned of malware dubbed CamuBot that hides in plain sight and presents itself as a required end-user security module provided by a bank. The malware goes so far as to include bank logos that look and ...
- Cyber threat against Danish banks ‘very high’: agency
September 1, 2018
The cyber threat against Denmark’s financial sector is considered to be very high, according to a report by the Centre for Cyber Security (Center for Cybersikkerhed). The centre, which is a department of military security agency FET (Forsvarets Efterretningstjeneste), assesses cyber threats against Denmark and Danish businesses. “The threat posed to the Danish financial sector by cyber ...
- Cobalt Group Targets Banks in Eastern Europe with Double-Threat Tactic
August 30, 2018
The campaign uses double infection points and two command-and-control servers. The infamous financial cybercrime gang known as Cobalt Group has been spotted actively pushing a fresh campaign that uses a peculiar tactic: Double infection points and two command-and-control (C2) servers. The Cobalt Group, a known financial cybercrime ring since 2016, has been suspected in attacks in dozens ...