After years of warnings, mobile network hackers exploit SS7 flaws to drain bank accounts

Experts have been warning for years about security blunders in the Signaling System 7 protocol – the magic glue used by cellphone networks to communicate with each other. These shortcomings can be potentially abused to, for example, redirect people’s calls Read More …

Russian-controlled telecom hijacks financial services’ Internet traffic

On Wednesday, large chunks of network traffic belonging to MasterCard, Visa, and more than two dozen other financial services companies were briefly routed through a Russian government-controlled telecom under unexplained circumstances that renew lingering questions about the trust and reliability Read More …

Hacker documents show NSA tools for breaching global money transfer system

Documents and computer files released by hackers provide a blueprint for how the U.S. National Security Agency likely used weaknesses in commercially available software to gain access to the global system for transferring money between banks, a review of the Read More …

Dridex Campaigns Hitting Millions of Recipients Using Unpatched Microsoft Zero-Day

This weekend saw multiple reports of a new zero-day vulnerability that affected all versions of Microsoft Word. Today, Proofpoint researchers observed the document exploit being used in a large email campaign distributing the Dridex banking Trojan. This campaign was sent Read More …

Finance firms to spend more on security as concern over cyber crime soars

Over 80pc of financial services firms plan to pump cash into cybersecurity this year, almost double that of last year as fears over cyber attacks swell. Corporate adviser Duff & Phelps, which analysed 200 executives in Europe, Hong Kong and the US, said 86pc of financial services Read More …