Employment scam victims tripled at financial firms in 21 countries
Reported victims of employment scams more than tripled over the past 12 months at more than 370 banks and other financial institutions in 21 countries. The 258% rise outran …
European AI spending is on track to reach nearly $470 billion by 2030
European organizations will spend nearly $470 billion on AI in 2030, IDC forecasts, with spending growing at a compound annual rate of 35% from 2025. At that rate, the market …
Android pushes new scam, theft, and AI protections in 2026 update wave
Phone scammers spoofing bank caller IDs have driven an estimated $980 million in annual losses worldwide, according to Europol. Android’s 2026 security roadmap takes …
Shadow AI, deepfakes, and supply chain compromise are rewriting the financial sector threat playbook
Financially motivated attacks continued to drive the bulk of cyber incidents against banks, insurers, and payment processors in 2025. Approximately 90% of breaches affecting …
Why banks’ tech-first approach leaves governance gaps
In this Help Net Security interview, Rich Friedberg, CISO at Live Oak Bank, discusses how banks can better align cybersecurity efforts with broader cyber governance and risk …
Bankers Association’s attack on cybersecurity transparency
A coalition of banking industry associations, including SIFA, the American Bankers Association (ABA), Bank Policy Institute (BPI), and several other lobbying groups have made …
Arvest Bank CISO on building a strong cybersecurity culture in banking
In this Help Net Security interview, Mike Calvi, CISO at Arvest Bank, discusses building a strong cybersecurity culture within the banking sector. He explains how leadership, …
Android malware uses NFC to steal money at ATMs
ESET researchers uncovered NGate malware, which can relay data from victims’ payment cards via a malicious app installed on their Android devices to the attacker’s rooted …
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims report the card stolen and the bank replaces it, …
Chinese multinational bank hit by ransomware
The state-owned Industrial and Commercial Bank of China (ICBC), which is one of the largest banks in the world, has been hit by a ransomware attack that led to disrupted …
AI is transforming financial crime compliance
While 86% of compliance, operations, risk and IT professionals at banks and non-banking financial institutions (NBFIs) surveyed said they would increase spending on AI and ML …
Strong compliance management is crucial for fintech-bank partnerships
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As …
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