The six people arrested last week in connection with a multi-million dollar cyber attack on the account of a customer of the National Commercial Bank, have been charged.
This was disclosed by Dane Nicholson, Head of the Anti-Fraud Committee of the Jamaica Banker’s Association, who said the suspects were charged on Thursday and are booked to appear in court next week. They have been charged with the offences of Conspiracy to Defraud, breaches of the Cybercrime Act, engaging in the Proceeds of Criminal Property and Money Laundering.
Read more…
Source: Radio Jamaica News
Related:
- Oman’s stock exchange was easily hackable for months
January 18, 2018
One of the largest stock exchanges in the Middle East has quietly fixed a security issue that could’ve let hackers gain unfettered access to the network. A core router for Oman’s stock exchange, the Muscat Securities Market, had both its username and password as “admin” for months, even after several attempts by a security researcher to ...
- New KillDisk Variant Hits Financial Organizations in Latin America
January 15, 2018
We came across a new variant of the disk-wiping KillDisk targeting financial organizations in Latin America. Trend Micro detects it as TROJ_KILLDISK.IUB. Trend Micro™ Deep Discovery™ proactively blocks any intrusions or attacks associated with this threat. Initial analysis (which is still ongoing) reveals that it may be a component of another payload, or part of a bigger ...
- After security disasters, banks using SWIFT messaging platform face new regulations in 2018
January 3, 2018
In 2018, all banks using the SWIFT messaging platform will be required to comply with a new cybersecurity framework that aims to establish a baseline for security. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. Banks use the closed network to communicate among themselves, sending approximately 25 million messages per day. Read more… Source: TechRepublic
- MoneyTaker Cybercriminal Group Steals $10 Million from Financial Institutions
December 12, 2017
Security researchers shed light on the Russian-speaking cybercriminal group MoneyTaker, which was reported to have perpetrated cyberattacks against financial organizations in the U.S. and Russia. The group reportedly stole as much as $10 million from at least 20 card payment and inter-bank transfer systems. What is MoneyTaker? MoneyTaker is a cybercriminal group named after the custom malware they use ...
- Banking Apps Found Vulnerable to MITM Attacks
December 7, 2017
Leading US and UK-based banks have patched a flaw found in their Android and iOS mobile apps that allowed adversaries to conduct man-in-the-middle attacks to steal customer credentials and view and manipulate network traffic. According to researchers at the School of Computer Science at the University of Birmingham that found the flaw, the vulnerability impacted nine apps belonging ...
- Ursnif Trojan Adopts New Code Injection Technique
December 4, 2017
Hackers are testing a new variation of the Ursnif Trojan aimed at Australian bank customers that utilizes novel code injection techniques. Since the summer of 2017, IBM X-Force researchers report that Ursnif (or Gozi) samples have been tested in wild by a new malware developer. The samples are a noteworthy upgrade from previous versions. “This finding is ...