The image of the bank robber is hopelessly outdated.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:
- Ontario: City of Hamilton confirms ransomware is behind cyber attack
March 5, 2024
Ransomware is behind the cyber attack on the city of Hamilton, Ont., the municipality’s city manager says. Marnie Cluckie told reporters Monday afternoon that the attack, which was detected the evening of Sunday, Feb. 25, was the result of ransomware. She wouldn’t say what strain of the malware the city has been hit with, how long ...
- Hacker forum post claims UnitedHealth paid $22 mln ransom in bid to recover data
March 5, 2024
A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group opens new tab paid $22 million in a bid to recover access to data and systems encrypted by the “Blackcat” ransomware gang, according to two researchers. Neither UnitedHealth nor the hackers involved have commented on the alleged ransom payment, but a cryptocurrency tracing ...
- Network tunneling with… QEMU?
March 5, 2024
While investigating an incident at a large company a few months ago, kaspersky researchers detected uncommon malicious activity inside one of the systems. They ran an analysis on the artifacts, only to find that the adversary had deployed and launched the following: The Angry IP Scanner network scanning utility The mimikatz password, hash, and Kerberos ticket extractor, and ...
- US airman pleads guilty to leaking classified documents
March 5, 2024
Jack Teixeira, a member of the Massachusetts Air National Guard charged with leaking classified military documents on a social media platform, pleaded guilty on Monday to carrying out one of the most serious U.S. national security breaches in years. The 22-year-old pleaded guilty to six counts of willful retention and transmission of classified information relating to ...
- Iran foiled nearly 200 cyber-attacks in month to elections
March 5, 2024
Head of Iran’s Civil Defense Organization Brigadier General Gholamreza Jalali says Iran has foiled nearly 200 cyber-attacks in the month leading up to the recent parliamentary elections. In an interview with Iranian television on Monday, Jalali said some 4 or 5 major cyber-attacks were carried out during the same period but were foiled by the experts ...
- Third-party breach leads to American Express customer data compromise
March 4, 2024
Payment card provider American Express Company is warning customers that their credit card details may have been exposed following a breach involving a third-party provider. The details were first revealed in a filing with the State of Massachusetts, with a form letter sent to affected customers stating that a third-party service provider “engaged by numerous merchants ...