Connected devices and the future of payments
More than 80 percent of Americans have a strong interest in using connected devices to make purchases, with a keen eye toward security and data concerns, according to Visa and …
banks
Who’s responsible for fixing SS7 security issues?
The WannaCry ransomware onslaught has overshadowed some of the other notable happenings this month, including the spectacular Google-themed phishing/spamming attack, and the …
Attackers exploited SS7 flaws to empty Germans’ bank accounts
Cyber criminals have started exploiting a long-known security vulnerabilities in the SS7 protocols to bypass German banks’ two-factor authentication and drain their …
200 million financial services records breached in 2016, 900% increase from 2015
The financial services industry was attacked more than any other industry in 2016 – 65 percent more than the average organization across all industries, according to the IBM …
How secure are mobile banking apps?
Do banking institutions have a good handle on the things they need to remediate and new control layers they need to adopt to keep users secure? To answer those questions, …
How secure are banks and financial services firms?
Many senior bank executives are confident about their cybersecurity strategy, yet a lack of comprehensive, practical testing is leaving gaps in their defense. Accenture …
BankBot Trojan found lurking on Google Play
As predicted earlier this year, the leaking of the source code and instructions for creating a potent Android banking Trojan has resulted in a surge of malware based on it. …
Online banking customers remain extremely frustrated with passwords
A new survey by iovation and Aite Group, polled nearly 1,100 consumers across four generations who use online and/or mobile banking platforms to better understand their …
Ransomware attacks growing rapidly, organizations are struggling
The percentage of ransomware attacks increased from 5.5%, to 10.5% of all recognized malware attacks from July to December 2016, according to Check Point. Check Point …
Banks around the world targeted in watering hole attacks
The January attacks against Polish financial institutions through the booby-trapped site of the Polish Financial Supervision Authority are just one piece of a larger puzzle, …
