European banks temporarily froze PayPal transactions worth billions after fraud system failure triggered widespread suspension of direct debits and delayed payments for online merchants and customers.
A number of German lenders, including Bayerische Landesbank, Hessische Landesbank and DZ-Bank, reportedly halted direct debits linked to the online payment platform after detecting suspicious activity. German newspaper Süddeutsche Zeitung said the total amount involved could exceed €10 billion.
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:
- Gambian Central Bank says ‘don’t panic’ after data hack
November 18, 2022
The Gambia’s Central Bank says there’s no need to panic after a data hack. Sources allege the hackers managed to access the bank’s most sensitive files, but in a statement the Central Bank said no mission-critical systems were compromised, and that normal operations have continued unabated. It did however say one server was affected, which was promptly ...
- DTrack activity targeting Europe and Latin America
November 15, 2022
DTrack is a backdoor used by the Lazarus group. Initially discovered in 2019, the backdoor remains in use three years later. It is used by the Lazarus group against a wide variety of targets. For example, Kaspersky researchers seen it being used in financial environments where ATMs were breached, in attacks on a nuclear power ...
- Massive Phishing Campaigns Target India Banks’ Clients
November 7, 2022
Trend Micro researchers observed an uptick in attacks targeting bank customers in India, the common entry point being a text message with a phishing link. The SMS content urges the victims to open the embedded phishing link or malicious app download page and follow the instructions: To fill in their personally identifiable information (PII) and ...
- DDoS attacks in Q3 2022
November 7, 2022
In Q3 2022, DDoS attacks were, more often than not, it seemed, politically motivated. As before, most news was focused on the conflict between Russia and Ukraine, but other high-profile events also affected the DDoS landscape this quarter. The pro-Russian group Killnet, active since January 2022, took the responsibility for several more cyberattacks. According to the ...
- Robin Banks phishing service returns to steal banking accounts
November 4, 2022
The Robin Banks phishing-as-a-service (PhaaS) platform is back in action with infrastructure hosted by a Russian internet company that offers protection against distributed denial-of-service (DDoS) attacks. Robin Banks faced operational disruption in July 2022, when researchers at IronNet exposed the platform as a highly threatening phishing service targeting Citibank, Bank of America, Capital One, Wells Fargo, ...
- OPERA1ER APT in Africa
November 3, 2022
In 2019, Group-IB Threat Intelligence team detected a series of targeted attacks on financial organizations in Africa. Later in 2020, our professionals in collaboration with Orange, managed to piece together the seemingly disparate attacks into a single timeline and successfully attribute them to the threat actor codenamed OPERA1ER (also known as DESKTOP-GROUP, Common Raven, NXSMS). In ...