Finastra Notifies Customers of Data Breach

British financial technology firm Finastra has notified customers impacted by a data breach that occurred over three months ago. Between October 31 and November 8, 2024, an unauthorized third party accessed the company’s secure file transfer platform (SFTP), used to Read More …

Argentine judge investigates fraud case against President Milei over crypto promotion

A judge in Argentina was selected Monday to investigate allegations of fraud against President Javier Milei for his brief promotion of a cryptocurrency whose value collapsed within hours of its launch last week. Milei distanced himself from the scandal and Read More …

50,000 electronic attacks countered daily by UAE Cybersecurity Council

Dr. Mohammed Hamad Al Kuwaiti, Chairman of the UAE Cybersecurity Council, stated that the UAE possesses an advanced cybersecurity system capable of predicting and countering most electronic attacks before they occur. He noted that the average daily cyberattacks on key Read More …

US, UK crack down on Russian bulletproof hosting service ZServers for LockBit partnership

Russia-based bulletproof hosting services provider (BPH) ZServers has been sanctioned by the United States, Australia, and the United Kingdom for its alleged involvement with the LockBit ransomware group. In a press release, the Australian Federal Police (AFP) said ZServers was Read More …

Funksec Ransomware Teams Up with Another Ransomware Group to Double Down on Targets

FunkSec is a relatively new but highly active ransomware group that, as of this writing, has targeted several dozen victims across industries like government, banking, communications, and education. In a recent blog post, the group announced a partnership with another Read More …

Barclays customers continue to experience issues after major IT outage

Barclays customers are continuing to experience intermittent errors with payments and transfers after serious IT problems that also affected the bank’s app and online banking. Customers have told the BBC it is preventing them making essential transactions, ranging from buying Read More …

Coyote Banking Trojan: A Stealthy Attack via LNK Files

Over the past month, FortiGuard Labs has identified several similar LNK files containing PowerShell commands designed to execute malicious scripts and connect to remote servers. These files are part of multi-stage operations that ultimately deliver the Coyote Banking Trojan. This Read More …

DeepSeek has rattled the AI industry. Here’s a quick look at other Chinese AI models

The Chinese artificial intelligence firm DeepSeek has rattled markets with claims that its latest AI model, R1, performs on a par with those of OpenAI, despite using less advanced computer chips and consuming less energy. DeepSeek’s emergence has raised concerns Read More …

US consumer watchdog sues big banks over ‘widespread’ fraud on Zelle payment app

The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect consumers from alleged “widespread fraud” on payments platform Zelle. The lawsuit was initiated as Read More …