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Toyota Financial Services (TFS), a subsidiary of the popular automaker, has confirmed suffering a ransomware attack. In a statement company stated that Toyota Financial Services Europe & Africa “recently identified unauthorized activity on systems in a limited number of its Read More …
By Miguel Clarke, GRC and Cyber Security lead for Armor Defense In response to the growing threat posed by cyberattacks to financial markets and investor interests, the U.S. Securities and Exchange Commission (SEC) is set to imminently impose new rule Read More …
China’s biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a Lockbit ransomware gang representative said on Monday in a statement which Reuters was unable to independently verify. ICBC, whose U.S. Read More …
After performing local experiments for a few months, YouTube recently expanded its effort to block ad blockers. The move was immediately unpopular with some users, and raised some questions in Europe about whether it was breaking privacy laws. In addition, Read More …
The U.S. arm of China’s largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the U.S. Treasury market. Ransomware attacks typically access vulnerable computer systems and encrypt or steal data, Read More …
Mortgage and loan giant Mr. Cooper says a “cybersecurity incident” earlier this week was the cause of an ongoing outage, adding that the company is “working to resolve the issue.” The Texas-based company said in a statement on its website Read More …
The Securities and Exchange Commission (SEC) has announced charges against software company SolarWinds Corporation and its chief information security officer (CISO), Timothy G. Brown, for “fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.” In 2020, Read More …
Compliance has been the traditional focus of IT departments in financial institutions, but as cyber threats continue to evolve, the financial industry needs to look to each other to help protect the wider ecosystem. Finextra spoke with Beate Zwijnenberg, chief Read More …
Microsoft has been tracking activity related to the financially motivated threat actor Octo Tempest, whose evolving campaigns represent a growing concern for organizations across multiple industries. Octo Tempest leverages broad social engineering campaigns to compromise organizations across the globe with Read More …
In Brazil the PIX payment system is becoming more and more popular. Unsurprisingly, cybercriminals are jumping on the bandwagon, trying to abuse the system for their profit. A good example of this is GoPIX, a malware campaign that has been Read More …
