Russian, Indian banks lose millions to hackers
The Russian central bank’s Financial Sector Computer Emergency Response Team (FinCERT) disclosed on Friday that hackers compromised a computer at a Russian bank and used …
On-card biometric for contactless payments tested in first commercial pilots
Visa has initiated pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface (chip- and contactless-enabled) payment card, making these the …
MoneyTaker’s stealthy hacking spree spread from US to Russia
A stealthy group of Russian-speaking hackers has been targeting financial organizations (banks, credit unions, lenders) in the US and Russia, stealing money and documentation …
Inventive cyber gang steals millions from East European banks
Trustwave researchers have uncovered a series of ingenious bank heists that cost several Eastern European and Russian banks up to $10 millions each, and they believe financial …
European banks at mercy of US regulators
European banks are under disproportional enforcement pressure from US regulators. Since 2012, of the $38.4bn levied in economic crime fines worldwide, 97 percent of all fines …
UniCredit breach: Data of 400,000 customers exposed
Italian global banking and financial services company UniCredit has revealed that it has suffered two security breaches in less than a year. “A first breach seems to …
The future of payments: sensor fingerprinting, facial recognition, retinal scanning and voice control
Viewpost surveyed a cross-section of 1,000 U.S.-based consumers, finding that overall, 80 percent of Americans are in support of payments technologies and currencies, …
South Korean banks threatened with DDoS attacks unless they pay $315,000
South Korean banks are being threatened with crippling DDoS attacks unless they pay $315,000 in bitcoin. The attackers threatening them identified themselves as the Armada …
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 …
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 …
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