Microsoft seizes websites tied to Egypt-based DIY phishing kit-maker

The kits, which the company said were a sophisticated approach to bypassing multifactor authentication, pose a particular threat to the financial services sector.

The post Microsoft seizes websites tied to Egypt-based DIY phishing kit-maker appeared first on CyberScoop.

Continue reading Microsoft seizes websites tied to Egypt-based DIY phishing kit-maker

Nigerian court drops charges against detained Binance executive Tigran Gambaryan

Dina Temple-Raston and James Reddick report: A Nigerian court has dropped all charges against Tigran Gambaryan, Binance’s head of financial crime compliance and a prominent former IRS investigator, two people with knowledge of the case told The Record … Continue reading Nigerian court drops charges against detained Binance executive Tigran Gambaryan

SEC amends Reg S-P to require data breach notification within 30 days

Aaron Nicodemus reports: The Securities and Exchange Commission (SEC) will require broker-dealers and registered investment advisers to adopt written policies and procedures for handling data breaches of customer data and notify affected customers with… Continue reading SEC amends Reg S-P to require data breach notification within 30 days

‘Got that boomer!’: How cybercriminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

Here’s your “definitely want to read this one today” piece. Zack Whittaker reports: The incoming phone call flashes on a victim’s phone. It may only last a few seconds, but can end with the victim handing over codes that give cybercri… Continue reading ‘Got that boomer!’: How cybercriminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats

AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.

The post Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats appeared first on CyberScoop.

Continue reading Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats

On Q Financial announces data breach, law firm feeding frenzy follows

On April 2, Arizona-based On Q Financial notified the Maine Attorney General’s Office of a breach the mortgage lender experienced. Within days, law firms announced investigations into the breach and sought potential class action members. Was ther… Continue reading On Q Financial announces data breach, law firm feeding frenzy follows