Banking & Financial Services – WindowsTechs.com

IBM Trusteer Exposes Massive Fraud Operation Facilitated by Evil Mobile Emulator Farms

Posted on December 15, 2020 by Shachar Gritzman

IBM Security Trusteer’s mobile security research team has recently discovered a major mobile banking fraud operation that managed to steal millions of dollars from financial institutions in Europe and the US within a matter of days in each attack before being intercepted and halted. This is the work of a professional and organized gang that […]

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New Vizom Malware Discovered Targets Brazilian Bank Customers with Remote Overlay Attacks

Posted on October 19, 2020 by Chen Nahman

IBM Security Trusteer researchers have discovered a new malware code and active campaign targeting online banking users in Brazil. The malware, coined “Vizom” by the team, uses familiar remote overlay attack tactics to take over user devices in real time, as the intended victim logs in, and then initiates fraudulent transactions from their bank account. […]

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Taking the Risk Out of Mergers and Acquisitions

Posted on September 22, 2020 by Shelley Bland

In the post-COVID-19 economy, cyber risk and cybersecurity will play a central role in unlocking mergers and acquisitions (M&A) deal valuations. While economic uncertainty has contributed to a decline in M&A activity in the first half of 2020, many analysts expect an increase in deals during 2020-21 based on several conditions. The Mergers and Acquisitions […]

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Mitigating Containers Risk Requires a Comprehensive Approach

Posted on July 17, 2020 by Robyn Westervelt

Containers have become a staple among large banks and financial services firms, which have used the technology in production. It has captured the attention of the broader market, that hopes to achieve the same technology benefits of improved application delivery and run-time efficiencies. This modular plug-and-play architecture is more scalable and can deliver more power […]

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The Security Risks of Contactless Payment

Posted on June 26, 2020 by Sue Poremba

Contactless payment first arrived in the 1990s and is now having its moment. Both companies and consumers are looking for ways to conduct business with as little physical interaction as possible during in-person transactions. We’ve been building to this moment, if you think about it. Organizations have been steadily increasing reliance on digital options and […]

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Ginp Malware Operations are on the Rise, Aiming to Expand in Turkey

Posted on June 18, 2020 by Pavel Asinovsky

The Ginp mobile banking malware, which emerged in late 2019, is one of the top most prevalent Android banking malware families today. It started as a simple short message server (SMS) stealer and rapidly evolved into one of the most advanced actors in the financial fraud landscape. Ginp has primarily targeted Spanish banks, but recent evidence […]

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Should Organizations Be Operating Outside of Their Risk Appetite?

Posted on May 12, 2020 by Adeeb Rashid

Organizations should know where to draw what may be a new line in their risk appetite, so they can weigh the amount of risk they are willing to take in the pursuit of their business objectives.

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New Study Shows Consumers Could Be Vulnerable to COVID-19 Spam

Posted on April 23, 2020 by Ashkan Vila

Since March 11, IBM X-Force has observed a more than 6,000 percent increase in COVID-19 spam, with lures ranging the full gamut of challenges and concerns facing individuals.

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