20,000 affected by Tesco Bank security breach
It’s been a rough weekend for 20,000 customers of British retail Tesco Bank: they’ve witnessed their bank accounts being plundered and have been phoning the bank …
14 arrested for laundering millions stolen with malware
The UK National Crime Agency (NCA) has arrested fourteen individuals suspected of laundering more than £11 million stolen through the use of malware. The money was stolen …
Merchants and financial institutions deal with escalating cyber attacks
Unsurprisingly, the Q3 2016 ThreatMetrix report shows a sharp increase in the number and complexity of cyber attacks. During what is traditionally a slow quarter, researchers …
Android Trojan targets customers of 94 banks in US, Europe
If you/ve recently installed a Flash Player Android app and now almost every app you open asks you for your payment card details, you’ve been infected with a banking …
Phishers are impersonating major UK banks on Twitter
Customers of UK banks are being targeted by phishers impersonating the banks’ customer support account on Twitter, Proofpoint warns. The phishers usually choose a …
Banks are building a real-time global payment network using blockchain technology
Nine out of 10 banking professionals surveyed at large US, European and Canadian commercial banks said their company is currently exploring the use of blockchain technology …
Federal regulators: Increasing cybersecurity stance on financial institutions
Everyone is increasing the attention of cybersecurity given the continued parade of hacking incidents. Just last week, the three main prudential regulators for financial …
Most would stop using digital payments if breached
88% of respondents to a survey conducted by Wakefield Research would stop using digital payments if they personally fell victim to cybercriminal activities as a result of a …
UK online banking customers are back on fraudsters’ radar
Hot on the heels of the Ramnit Trojan delivery campaign targeting customers of six UK banks comes one delivering the Qadars Trojan. The targets, again, are customers of UK …
UK: Financial fraud soars
More than 1 million incidents of financial fraud – payment card, remote banking and cheque fraud – occurred in the first six months of 2016, according to official …
Ramnit Trojan rides again, targets customers of six major UK banks
The infamous Ramnit Trojan is on the prowl again, and this time it targets personal banking customers of six unnamed UK banks. The Trojan has not changed much since we last …
Banking customers hesitant to use mobile features due to security concerns
Banking customers are hesitant to use mobile features due to fraud and security concerns, according to Kaspersky Lab and IDC Financial Insights. Their findings show that of …
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