Collaborate Disseminate
The Kronos banking trojan has returned with several new attack campaigns as well as a few updates. In April 2018, researchers at Proofpoint detected a new variant of the malware. It’s the first time Kronos surfaced after largely disappearing from… Continue reading Kronos Malware Returns With New Attack Campaigns, Updates
By Waqas
Cybercriminals part of a notorious hacking group attacked the PIR Bank of Russia and stole $1m. The hacking was carried out after infiltrating the bank’s systems by compromising an old, outdated router. The router was installed at one of the r… Continue reading Hackers attack Russian bank to steal $1m using an outdated router
Financial regulators have ordered British banks and other financial services firms to provide a detailed plan for responding to IT outages and cyber-attacks. The Bank of England (BoE) and the Financial Conduct Authority (FCA) published a joint discussi… Continue reading UK Financial Regulators Cracking Down on Banks’ IT Failures
Security Code AutoFill is a new feature for iPhones in iOS 12. It is supposed to improve the usability of two-factor authentication, but could expose users to online banking fraud by removing the human validation aspect of the transaction signing/auth… Continue reading New iOS 12 Feature Risks Exposing Users to Online Banking Fraud
Apple is rolling out an iOS security usability feature called Security code AutoFill. The basic idea is that the OS scans incoming SMS messages for security codes and suggests them in AutoFill, so that people can use them without having to memorize or type them. Sounds like a really good idea, but Andreas Gutmann points out an application where this… Continue reading Perverse Vulnerability from Interaction between 2-Factor Authentication and iOS AutoFill
Apple is rolling out an iOS security usability feature called Security code AutoFill. The basic idea is that the OS scans incoming SMS messages for security codes and suggests them in AutoFill, so that people can use them without having to memorize or … Continue reading Perverse Vulnerability from Interaction between 2-Factor Authentication and iOS AutoFill
Chilean bank and financial services company Banco de Chile said that a virus infiltrated its computer systems and stole $10 million. On 9 June, Banco de Chile’s general manager Eduardo Ebensperger provided some insight about the attack to La Terc… Continue reading Banco de Chile Says Virus Infiltrated Its Computer Systems, Stole $10M
By Waqas
In a joint operation, the FBI (Federal Bureau of Investigation),
This is a post from HackRead.com Read the original post: 74 arrested after FBI disrupts International gang of BEC scammers
Continue reading 74 arrested after FBI disrupts International gang of BEC scammers
Ross Anderson has a new paper on cryptocurrency exchanges. From his blog: Bitcoin Redux explains what’s going wrong in the world of cryptocurrencies. The bitcoin exchanges are developing into a shadow banking system, which do not give their customers actual bitcoin but rather display a "balance" and allow them to transact with others. However if Alice sends Bob a bitcoin,… Continue reading Regulating Bitcoin
When it comes to fraud, financial institutions (FIs) find themselves trying to address competing priorities. On the one hand, the need for strong authentication and security continues to rise. Fraud and hacking attempts become more sophisticated each … Continue reading Adaptive Authentication – How Precise Security Drives Growth