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 …
75% of the top 20 US banks are infected with malware
SecurityScorecard released its 2016 Financial Cybersecurity Report, a comprehensive analysis that exposes cybersecurity vulnerabilities across 7,111 global financial …
UK banks ramp up account security with voice recognition tech
British banking and financial services multinational Barclays has announced that it is introducing voice recognition technology for all personal banking customers, so that …
Ammyy Admin remote admin tool repeatedly bundled with Trojans
The website of the company that develops the popular remote administration software Ammyy Admin has been repeatedly compromised in the last year or so, and users who …
Nearly 1 in 3 consumers victimized by card fraud
Thirty percent of consumers globally have experienced card fraud in the past five years, according to ACI Worldwide and Aite Group. The global fraud study of more than 6,000 …
UK banking customers targeted with Retefe Trojan with MitM capabilities
UK users are the latest targets of cyber crooks leveraging the Retefe banking Trojan and a rogue root certificate. The malware is out to steal online banking credentials of …
Botnet-powered account takeover campaign hit unnamed bank
A single attacker has mounted two massive account takeover (ATO) campaigns against a financial institution and an entertainment company earlier this year, and used a gigantic …
Vawtrak banking Trojan shifts to new targets
The Vawtrak banking Trojan (aka Snifula) is slowly but surely becoming a serious threat. With version 2, the malware has acquired the capability to target even more users, a …
1 in 10 banking CEOs don’t know if they’ve been hacked
Twelve percent of banking CEOs say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, …
Security delays digital adoption in banks, billions at stake
$405.3 billion, that’s the Digital Value at Stake (VaS) retail banks have the potential to realize from 2015 to 2017. Yet, in 2015, financial services as a whole captured just …