Collaborate Disseminate
The Maltese Bank of Valetta went down two weeks ago as hackers tried to steal 13 million Euros.
And now its systems have gone down again…
Continue reading Two weeks after hackers tried to steal 13 million euros, Bank of Valetta goes offline again
New cyber-security threats require new solutions. New solutions require a project to implement them. The problems and solutions seem infinite while budgets remain bounded. Therefore, the challenge becomes how to identify the priority threats… Continue reading What Do Banks and Cybersecurity Have in Common? Everything.
An ongoing malicious spam campaign is currently targeting Russian-speaking users with samples of the Redaman banking malware. Since at least September 2018, the malspam campaign has been sending out malicious spam emails written in Russian to users who… Continue reading Malspam Campaign Targeting Russian Speakers with Redaman Malware
Cybercriminals are using a combination of hacking techniques to target financial institutions throughout West Africa, according to research published Thursday by Symantec. Firms in Cameroon, Congo, Ghana, Equatorial Guinea and Ivory Coast have been hit with cyberattacks that combine known forms of malicious software with “living off the land” techniques to infiltrate organizations. “Living off the land” is industry jargon that refers to hackers’ exploitation of otherwise benign tools already installed on a computer. In this case, attackers used PowerShell scripts, remote desktop protocols and Microsoft administration tools in gaining access to their targets, researchers found. Symantec identified four types of such cyberattacks but did not attribute them to any specific hacking group. Instead it described the research as an example the globalization of cybercrime. “Until now, Symantec has seen relatively little evidence of these kinds of attacks against the financial sector,” the company said in a blog post. “However, it now appears […]
The post Cybercriminals ‘hide in plain sight’ to shake down West African financial players appeared first on CyberScoop.
Continue reading Cybercriminals ‘hide in plain sight’ to shake down West African financial players
I will get straight to the point: The time is right for the financial services (FS) industry to leverage the power of the cloud. It dovetails quite nicely with retail banking’s competitive moves to provide users with more flexible choices, banki… Continue reading Now or Never: Financial Services and the Cloud
I will get straight to the point: The time is right for the financial services (FS) industry to leverage the power of the cloud. It dovetails quite nicely with retail banking’s competitive moves to provide users with more flexible choices, banki… Continue reading Now or Never: Financial Services and the Cloud
Kaspersky is reporting on a series of bank hacks — called DarkVishnya — perpetrated through malicious hardware being surreptitiously installed into the target network: In 2017-2018, Kaspersky Lab specialists were invited to research a series of cyber… Continue reading Banks Attacked through Malicious Hardware Connected to the Local Network
Kaspersky is reporting on a series of bank hacks — called DarkVishnya — perpetrated through malicious hardware being surreptitiously installed into the target network: In 2017-2018, Kaspersky Lab specialists were invited to research a series of cybertheft incidents. Each attack had a common springboard: an unknown device directly connected to the company’s local network. In some cases, it was the… Continue reading Banks Attacked through Malicious Hardware Connected to the Local Network
Banks in Eastern Europe were targeted with cyberattacks that involved the planting of physical devices on premises, according to a report from Russian cybersecurity company Kaspersky Lab published Thursday. Researchers say the attacks have resulted in “tens of millions of dollars” in damage at at least eight banks. “In some cases, it was the central office, in others a regional office, sometimes located in another country,” the report says. Kaspersky says the attacks, dubbed “DarkVishnya,” were carried out by in-person by a third party who planted devices that connect directly to the banks’ networks. The attackers used one of three tools, the researchers say: a laptop, a Raspberry Pi computer or a Bash Bunny — a USB drive-looking device specifically designed to deliver a malicious payload. Sergey Golovanov, a security expert at Kaspersky, told CyberScoop in an email that the researchers realized that physical devices were being used because of a discrepancy between the number of authorized devices versus […]
The post Kaspersky: Physical devices used to steal ‘tens of millions’ from Eastern Europe banks appeared first on Cyberscoop.
The fourth quarter is a time when many financial institutions are deep into strategic planning for the coming year. Whether you are on the business or security side of the house, it is the time to re-evaluate how to protect and simplify the customer e… Continue reading How Risk-based Authentication Cuts Fraud Losses and Improves Customer Satisfaction