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, …
Banks around the world hit with fileless malware
Kaspersky Lab researchers have brought to light a series of attacks leveraged against 140+ banks and other businesses around the world. But what makes these attacks unusual is …
SWIFT systems of three Indian banks compromised to create fake trade documents
Since last year’s revelation that attackers have compromised SWIFT software of Bangladesh’s central bank and used it to perform fraudulent transfers worth tens of …
Cobalt hackers executed massive, synchronized ATM heists across Europe, Russia
A criminal group dubbed Cobalt is behind synchronized ATM heists that saw machines across Europe, CIS countries (including Russia), and Malaysia being raided simultaneously, …