Copied master key forces South African bank to replace 12 million cards

Fraudsters stole more than $3.2 million from the banking division of South Africa’s post office, after – in a catastrophic breach of security – employees printed out the bank’s master key.
Read more in my article on the Tripwire State of Security blog…. Continue reading Copied master key forces South African bank to replace 12 million cards

Bank Card "Master Key" Stolen

South Africa’s Postbank experienced a catastrophic security failure. The bank’s master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank’s encrypted master key in plain, unencrypted digital language at the Postbank’s old data centre in the Pretoria city centre. According to a number of internal Postbank… Continue reading Bank Card "Master Key" Stolen

UK’s ANNA raises $21M for its SMB-focused business account and tax app

Small and medium businesses and sole-traders account for the vast majority of businesses globally, 99.9% of all enterprises in the UK alone. And while the existence millions of separate companies, with their individual demands, speaks of a fragmented market, together they still represent a lot of opportunity. Today, a UK fintech startup looking to capitalise […] Continue reading UK’s ANNA raises $21M for its SMB-focused business account and tax app

Maze Ransomware group steals 11m card data from Banco de Costa Rica

By Deeba Ahmed
Banco BCR has been attacked twice in the past eight months by Maze ransomware operators.
This is a post from HackRead.com Read the original post: Maze Ransomware group steals 11m card data from Banco de Costa Rica
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Newly-discovered Android malware steals banking passwords and 2FA codes

Security researchers are warning of a new mobile banking trojan that steals details from over 200 financial apps and intercepts SMS messages to bypass two-factor authentication mechanisms.
Read more in my article on the Tripwire State of Security blog.
Continue reading Newly-discovered Android malware steals banking passwords and 2FA codes

Dark web hackers selling 400,000 South Korean & US payment card data

By Sudais Asif
According to researchers, this is the biggest sale of South Korean payment cards (both credit and debit) on the dark web in 2020.
This is a post from HackRead.com Read the original post: Dark web hackers selling 400,000 South Korean &#03… Continue reading Dark web hackers selling 400,000 South Korean & US payment card data

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

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.

The post New Study Shows Consumers Could Be Vulnerable to COVID-19 Spam appeared first on Security Intelligence.

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Grandoreiro Malware Now Targeting Banks in Spain

A familiar malware threat called Grandoreiro, a remote-overlay banking Trojan that typically affects bank customers in Brazil, has spread to attack banks in Spain.

The post Grandoreiro Malware Now Targeting Banks in Spain appeared first on Security Intelligence.

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Thought Machine nabs $83M for a cloud-based platform that powers banking services

The world of consumer banking has seen a massive shift in the last ten years. Gone are the days where you could open an account, take out a loan, or discuss changing the terms of your banking only by visiting a physical branch. Now, you can do all this and more with a few quick […] Continue reading Thought Machine nabs $83M for a cloud-based platform that powers banking services