The image of the bank robber is hopelessly outdated.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:
- Bank Of America Warns Customers Of Data Breach Following 2023 Hack
February 13, 2024
A November 2023 breach at IT consulting and service provider Infosys McCamish Systems has now been confirmed to have led to a data breach impacting Bank of America customers. The number of Bank of America customers impacted by the breach, including personally identifiable information such as social security numbers, account numbers, date of birth and addresses, ...
- CVE-2023-47218: QNAP QTS and QuTS Hero Unauthenticated Command Injection (FIXED)
February 13, 2024
Rapid7 has identified an unauthenticated command injection vulnerability in the QNAP operating system known as QTS and QuTS hero. QTS is a core part of the firmware for numerous QNAP entry- and mid-level Network Attached Storage (NAS) devices, and QuTS hero is a core part of the firmware for numerous QNAP high-end and enterprise NAS devices. ...
- Community Alert: Ongoing Malicious Campaign Impacting Azure Cloud Environments
February 12, 2024
Over the past weeks, Proofpoint researchers have been monitoring an ongoing cloud account takeover campaign impacting dozens of Microsoft Azure environments and compromising hundreds of user accounts, including senior executives. This post serves as a community warning regarding the attack and offers suggestions that affected organizations can implement to protect themselves from it. Proofpoint researchers detected ...
- UK: Contact details and national security numbers could have been stolen from Southern Water customers following cyber attack
February 12, 2024
The announcement, which went live on Southern Water’s website earlier today (February 12), confirms that ‘a limited part’ of the company’s server estate is at risk following an illegal intrusion earlier this year. Apologising for the breach, a spokesperson confirmed that the company is working with “expert technical advisers to confirm who is at risk,” and ...
- US Government Accounting Office says it was notified of data breach by IT contractor CGI Federal
February 12, 2024
The U.S. Government Accounting Office says it was notified of a data breach by IT contractor GCI Federal. Reuters could not immediately ascertain the size and scope of the breach. The GAO said that about 6,000 people, “primarily current and former GAO employees from 2007 to 2017,” had been affected but did not immediately respond when ...
- Hackers uncover new TheTruthSpy stalkerware victims
February 12, 2024
A consumer-grade spyware operation called TheTruthSpy poses an ongoing security and privacy risk to thousands of people whose Android devices are unknowingly compromised with its mobile surveillance apps, not least due to a simple security flaw that its operators never fixed. Now, two hacking groups have independently found the flaw that allows the mass access of ...