The image of the bank robber is hopelessly outdated. Today’s heist does not begin with a getaway car outside a branch. It begins quietly, with an adversary establishing persistence inside a financial institution’s network and studying how the organisation responds, says Tom Kellermann, VP of AI Security and Threat Research at Trend AI.
The objective is no longer simply to steal money. Attackers want access to the financial system itself: payment infrastructure, confidential market intelligence, investment strategies, customer identities and the mechanisms used to defend them. TrendAI’s Modern Bank Heists in 2026 research, based on a survey of 48 financial-sector CISOs, reveals the scale of this shift. Eighty-nine per cent reported an increase in AI-enabled attacks, while 55 per cent had experienced a rise in attacks against APIs. Almost half, 46pc, had encountered attempts to steal non-public market information or investment strategies.
Read more…
Source: Trend Micro News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- AT&T, Ticketmaster data breach hackers charged with stealing 50 billion records
November 12, 2024
The U.S. has indicted two individuals, Connor Moucka and John Binns, according to new documents, for hacking third-party cloud data storage and analytics company Snowflake. The Snowflake hack led to data breaches at numerous companies using the platform such as AT&T, Ticketmaster, and more than 150 other corporations. Read more… Source: MSN News Sign up for our Newsletter Related:
- New Google Chrome Warning As ‘No 0-Day’ Drive-By Cyber Attack Confirmed
November 12, 2024
The cost of zero-day exploits has always been high, especially if they allow an attacker to remotely execute code on a host machine. But why pay hundreds of thousands of dollars for an 0-day when a relatively simple drive-by attack doesn’t need one and can achieve much the same result? That’s what interested an Imperva security ...
- Pentagon leaker Jack Teixeira sentenced to 15 years in prison
November 12, 2024
Jack Teixeira, a member of the Massachusetts National Guard, has been jailed for 15 years for leaking classified documents about the war in Ukraine and other military secrets. A federal judge in Boston, United States, on Tuesday sentenced the 22-year-old after he pleaded guilty earlier this year to six counts of wilful retention and transmission of ...
- Hot Topic data breach thought to have hit nearly 54 million customers
November 12, 2024
Breach notification site Have I Been Pwned has confirmed the personal data of 56,904,909 users was found online, leaked from Hot Topic, Torrid, and Box Lunch customers. Threat actor ‘Satanic’ claimed responsibility for the breach, which was allegedly carried out through an infostealer infection, and made possible by weak security practices. The dataset is reportedly on ...
- Ymir: new stealthy ransomware in the wild
November 11, 2024
In a recent incident response case, Kaspersky researchers discovered a new and notable ransomware family in active use by the attackers, which they named “Ymir”. The artifact has interesting features for evading detection, including a large set of operations performed in memory with the help of the malloc, memmove and memcmp function calls. In the case ...
- TikTok ordered to close Canada offices following “national security review”
November 8, 2024
The Government of Canada ordered the TikTok Technology Canada Inc. to close its offices in the country following a national security review. This decision was made in accordance with the Investment Canada Act, which allows for the review of foreign investments that may be injurious to Canada’s national security. Canada’s Minister of Innovation, Science and Industry ...