TangleBot Android malware hijacks phone to steal login credentials

By Waqas
Another day, another Android malware – This time it is called TangleBot malware whose entire modus operandi involves stealing your password.
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TA544 threat actors hit Italian firms with Ursnif banking trojan

By Waqas
A new malware campaign from a group called TA544 is targeting organizations in Italy with Ursnif banking trojan – Here’s how it works.
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Airwallex raises $200M at a $4B valuation to double down on business banking

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. Airwallex — which provides business banking services both directly to businesses themselves, as well as via a set of […] Continue reading Airwallex raises $200M at a $4B valuation to double down on business banking

Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

SellersFunding created a lending and financial services platform to streamline global commerce for thousands of marketplaces, including working capital, cross-border cash management and taxes. Continue reading Fintech startup SellersFunding raises $166.5M in equity, credit round to support e-commerce sellers

Experts concerned over emergence of new Android banking trojan S.O.V.A.

By Waqas
Researchers have identified a new Android banking trojan called S.O.V.A. being advertised on a Russian hacker and cybercrime forum.
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Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs

A Canadian startup called Nuula that is aiming to build a superapp to provide a range of financial services to small and medium businesses has closed $120 million of funding, money that it will use to fuel the launch of its app and first product, a line of credit for its users. The money is […] Continue reading Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs

Solving the Puzzle of Global Identity Verification

With customer bases that span the globe and the growing prevalence of online fraud, financial service providers know that effective identity verification (IDV) is imperative. But meeting anti-money laundering (AML) and know your customer (KYC) complia… Continue reading Solving the Puzzle of Global Identity Verification

Novo, a neobank for SMBs, banks $41M

Small businesses have traditionally been underserved when it comes to IT — they are too big and have too many requirements that can’t be met by consumer products, yet are much too small to afford, implement or thoroughly need apps and other IT build for larger enterprises. But when it comes to neobanks, it feels […] Continue reading Novo, a neobank for SMBs, banks $41M

Bizarro Banking Trojan

Bizarro is a new banking trojan that is stealing financial information and crypto wallets.

…the program can be delivered in a couple of ways­ — either via malicious links contained within spam emails, or through a trojanized app. Using these sneaky methods, trojan operators will implant the malware onto a target device, where it will install a sophisticated backdoor that “contains more than 100 commands and allows the attackers to steal online banking account credentials,” the researchers write.

The backdoor has numerous commands built in to allow manipulation of a targeted individual, including keystroke loggers that allow for harvesting of personal login information. In some instances, the malware can allow criminals to commandeer a victim’s crypto wallet, too…

Continue reading Bizarro Banking Trojan