The image of the bank robber is hopelessly outdated.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:
- Christie’s £670m art auctions hit by cyber attack
May 14, 2024
Auction house Christie’s attempts to sell art and other high-value items worth an estimated $840m (£670m) are being hampered by a cyber attack. Lots ranging from a Vincent van Gogh painting, valued at $35m, to rare wine are going under the hammer in its spring auctions. Would-be buyers are unable to view them on its website ...
- Ireland: More than 470 legal proceedings issued against health service after ransomware hit
May 14, 2024
More than 470 legal proceedings have been issued against the Health Service Executive (HSE) in relation to a cyber attack that shutdown the health service’s IT systems and compromised the data of thousands of patients and staff three years ago. Conti, a Russia-based cybercrime group, launched its ransomware attack on the health service on May 14th, ...
- Update Chrome now! Google releases emergency security patch
May 14, 2024
Google has released an emergency security update for its Chrome browser. The update includes a patch released four days earlier for a vulnerability which Google say is already being exploited. The easiest way to update Chrome is to allow it to update automatically, but you can end up lagging behind if you never close the browser ...
- Foxit PDF “Flawed Design” Exploitation
May 14, 2024
In the realm of PDF viewers, Adobe Acrobat Reader reigns supreme as the industry’s dominant player. However, while Adobe Acrobat Reader holds the biggest market share, notable contenders are vying for attention, with Foxit PDF Reader being a prominent alternative. With more than 700 million users located in more than 200 countries and significant customers in ...
- QakBot attacks with Windows zero-day (CVE-2024-30051)
May 14, 2024
In early April 2024, Kaspersky researchers decided to take a closer look at the Windows DWM Core Library Elevation of Privilege Vulnerability CVE-2023-36033, which was previously discovered as a zero-day exploited in the wild. While searching for samples related to this exploit and attacks that used it, they found a curious document uploaded to VirusTotal on ...
- Millions of Messages Distribute LockBit Black Ransomware
May 13, 2024
Beginning April 24, 2024 and continuing daily for about a week, Proofpoint observed high-volume campaigns with millions of messages facilitated by the Phorpiex botnet and delivering LockBit Black ransomware. This is the first time Proofpoint researchers have observed samples of LockBit Black ransomware (aka LockBit 3.0) being delivered via Phorpiex in such high volumes. The LockBit ...