Category Archives: Banking & Finance

2022 Banking & Finance Security Intelligence Roundup

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The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years included ransomware attacks, the growth of contactless payments, mobile malware attacks and even data breaches […]

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TrickBot Bolsters Layered Defenses to Prevent Injection Research

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This post was written with contributions from IBM X-Force’s Limor Kessem and Charlotte Hammond. The cyber crime gang that operates the TrickBot Trojan, as well as other malware and ransomware attacks, has been escalating activity. As part of that escalation, malware injections have been fitted with added protection to keep researchers out and get through […]

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BrazKing Android Malware Upgraded and Targeting Brazilian Banks

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Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile banking malware, we delved into the BrazKing malware’s inner workings following a sample found by MalwareHunterTeam. BrazKing is an Android banking Trojan from the overlay […]

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Using Open-Source Intelligence for Mergers and Acquisitions

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Mergers and acquisitions (M&A) have been challenging for IT and security teams for as long as businesses have relied on technology. Every company’s IT system is as unique as the company itself. Your business may run on commonly used tools and apps, and industry best practices to deploy and configure them. Nevertheless, these systems get […]

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Banking and Finance Data Breaches: Costs, Risks and More To Know

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As each year passes, cybersecurity becomes more important for businesses and agencies of every size, in nearly every industry. In 2020, ransomware cases grew by 150%, and every 39 seconds, a new attack is launched somewhere on the web. A data breach also causes rising costs in banking and finance. What Happens in a Banking […]

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Supply Chain Attack: What It Is (and What to Do About It)

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The past two years have delivered major disruptions for supply chains. The pandemic pushed supply chain attack issues front-and-center, with disruptions up 67% in 2020 and problems expected to persist as global markets adjust to ‘new normal’ operations. Increasing reliance on digital supply solutions, however, has also set the stage for increasing supply chain attacks. […]

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New ZE Loader Targets Online Banking Users

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IBM Trusteer closely follows developments in the financial cyber crime arena. Recently, we discovered a new remote overlay malware that is more persistent and more sophisticated than most current-day codes. In this post we will dive into the technical details of the sample we worked on and present ZE Loader’s capabilities and features. The parts […]

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What’s New in the 2021 Cost of a Data Breach Report

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Has cybersecurity ever been more important than it is right now? Even in these extraordinary times, with its focus on manufacturing vaccines and getting shots into arms, new research in the Cost of a Data Breach Report shows that the increasing cost of security breaches makes preventing and responding to these threats a critical concern. […]

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Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work

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In a world in which bad news dominates, social engineering scams that carry a promise of good news can be incredibly lucrative for cyber criminals.  In one recent example, fraudsters set up a phony job posting using a real recruiter as the contact person for the hiring process. Applicants hoping for a chance at the […]

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Ursnif Leverages Cerberus to Automate Fraudulent Bank Transfers in Italy

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Contributed to this research: Segev Fogel, Amir Gendler and Nethanella Messer.   IBM Trusteer researchers continually monitor the evolution and attack tactics in the banking sector. In a recent analysis, our team found that an Ursnif (aka Gozi) banking Trojan variant is being used in the wild to target online banking users in Italy with […]

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