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:
- Cybercriminals took advantage of WFH to target financial services companies, says Financial Stability Board report
July 14, 2021
Criminals targeted security gaps at financial services firms as their staff moved to working from home, according to a report issued by the Financial Stability Board (FSB) on Tuesday. Established after the G20 London summit in April 2009, the FSB makes recommendations about the global financial system and coordinates financial rules for the G20 group of ...
- Morgan Stanley reports data breach after vendor Accellion hack
July 8, 2021
Investment banking firm Morgan Stanley has reported a data breach after attackers stole personal information belonging to its customers by hacking into the Accellion FTA server of a third-party vendor. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth and investment management services worldwide. Read more… Source: Bleeping Computer
- Critical Sage X3 RCE Bug Allows Full System Takeovers
July 7, 2021
Four vulnerabilities afflict the popular Sage X3 enterprise resource planning (ERP) platform, researchers found – including one critical bug that rates 10 out of 10 on the CVSS vulnerability-severity scale. Two of the bugs could be chained together to allow complete system takeovers, with potential supply-chain ramifications, they said. Sage X3 is targeted at mid-sized companies ...
- TrickBot Spruces Up Its Banking Trojan Module
July 2, 2021
The TrickBot trojan is adding man-in-the-browser (MitB) capabilities for stealing online banking credentials that resemble Zeus, the early banking trojan, researchers said — potentially signaling a coming onslaught of fraud attacks. TrickBot is a sophisticated (and common) modular threat known for stealing credentials and delivering a range of follow-on ransomware and other malware. But it started ...
- Russian hackers had months-long access to Denmark’s central bank
June 29, 2021
Russian state hackers compromised Denmark’s central bank (Danmarks Nationalbank) and planted malware that gave them access to the network for more than half a year without being detected. The breach was part of the SolarWinds cyber espionage campaign last year that the U.S. attributed to the Russian Foreign Intelligence Service, the SVR, through its hacking division ...
- Malicious spam campaigns delivering banking Trojans
June 24, 2021
In mid-March 2021, we observed two new spam campaigns. The messages in both cases were written in English and contained ZIP attachments or links to ZIP files. Further research revealed that both campaigns ultimately aimed to distribute banking Trojans. The payload in most cases was IcedID (Trojan-Banker.Win32.IcedID), but we have also seen a few QBot ...