Collaborate Disseminate
A school district in Indiana which had $120,000 transferred from its bank account after its email account was hacked, has failed in an attempt to reclaim the cash.
Read more in my article on the Hot for Security blog.
Continue reading School district fails to reclaim $120,000 wired by bank to scammer
By Waqas
Don’t trust Google Maps for banks’ contact details – At least not for now. Scammers are now increasingly interested in defrauding users through Google Maps that lets users change or correct the listings displayed on the service. Seeing t… Continue reading Fraudsters changing contact details of banks on Google Maps to scam users
The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented […] Continue reading Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo Day
Information about thousands of hacked Pakistani bank card accounts appeared on the dark web this week, researchers said, following similar incidents in late October that roiled the country’s financial system and government. Hackers put the purloined details from 177,878 cards for sale on the dark web market Joker’s Stash around Nov. 13, according to Moscow-based cybersecurity company Group-IB, with 150,632 of those records appearing to come from Pakistani banks. An Oct. 27 breach led at least one bank, Karachi-based BankIslami, to shut down certain operations. Soon afterward, the cybersecurity organization PakCERT found thousands of Pakistani bank card records on the dark web. The latest dump does not include cards from BankIslami, Group-IB notes in its blog post about the breach. “The banks affected by this breach included major Pakistani financial organizations such as, Habib Bank, MCB Bank Limited, Allied Bank Limited and many others,” the post said. “Habib Bank was affected most by […]
The post Hacked Pakistani bank cards for sale on the dark web again appeared first on Cyberscoop.
Continue reading Hacked Pakistani bank cards for sale on the dark web again
By Uzair Amir
The Hongkong and Shanghai Banking Corporation (HSBC) has suffered a data breach in which unknown hackers have accessed personal and financial data of its customers. The data breach, according to the notification from HSBC, took between Oc… Continue reading HSBC suffers data breach after hackers access customers’ personal data
Pakistan’s top criminal investigation agency and the country’s central bank are at odds Wednesday over the breadth of a reported cyberattack that affected customers of at least one commercial bank. An official from the Federal Investigation Agency (FIA) said Tuesday that most of the country’s major banks had been affected by breaches that began in October, but the State Bank of Pakistan (SBP) responded with a statement that it “categorically rejects such reports.” “There is no evidence to this effect nor has this information been provided to SBP by any bank or law enforcement agency,” SBP said about comments from FIA Cybercrimes Director Mohammad Shoaib that were reported by the news site Geo.tv. Most of the public information about the cyberattack stems from a Nov. 4 advisory by PakCERT, one of Pakistan’s top cybersecurity organizations, which pointed to activity by Karachi-based BankIslami. The bank “noticed abnormal transactions” on Oct. 27 and “shutdown its international payment scheme.” Other banks followed with […]
The post Pakistan’s banks and law enforcement clash over severity of hack appeared first on Cyberscoop.
Continue reading Pakistan’s banks and law enforcement clash over severity of hack
By Waqas
Pakistani banks have debuted on the Dark Web with almost all of the country’s banks becoming victims of a devastating data hack. It is undoubtedly the biggest ever hacking campaign launched against banks in Pakistan. It is estimated that hacke… Continue reading Data from “almost every Pakistani Bank” stolen & sold on the dark web
HSBC disclosed a security incident earlier this week, saying that a small number of U.S.-based bank accounts were breached. In a letter template sent to the California Attorney General’s office, the bank said it became aware of online accounts being accessed by unauthorized users between Oct. 4 and Oct. 14. The bank started notifying affected customers on Tuesday. Once the company was made aware of the unauthorized activity, it suspended online account access. “HSBC regrets this incident, and we take our responsibility for protecting our customers very seriously,” a spokesperson for the bank said. “We responded to this incident by fortifying our log-on and authentication processes, and implemented additional layers of security for digital and mobile access to all personal and business banking accounts. We have notified those customers whose accounts may have experienced unauthorized access, and are offering them one year of credit monitoring and identity theft protection service.” The company says the attackers accessed […]
The post HSBC discloses breach of U.S. bank accounts appeared first on Cyberscoop.
Continue reading HSBC discloses breach of U.S. bank accounts
Banking transactions are rapidly moving online, offering convenience to customers and allowing banks to close branches and re-focus on marketing more profitable financial products. At the same time, new payment methods, like the UK’s Faster Paym… Continue reading UK Faster Payment System Prompts Changes to Fraud Regulation
The open banking trend continues around the world, and most recently, the U.S. has taken another step towards adopting the policy. On July 31, the U.S. Department of Treasury published a detailed report, titled A Financial System That Creates Eco… Continue reading Open Banking is Coming to the U.S., But How Secure Will it Be?