Criminals Are Tapping into the Phone Network Backbone to Empty Bank Accounts

Motherboard has identified a specific UK bank that has fallen victim to so-called SS7 attacks, and sources say the issue is wider than previously reported. Continue reading Criminals Are Tapping into the Phone Network Backbone to Empty Bank Accounts

Easy Does It! A Timely Look Into Fraud TTPs in the Brazilian Financial Cybercrime Landscape

In this first article of a two-part series, IBM X-Force exposes some of its research on the typical malware and tactics, techniques and procedures (TTPs) used in Brazilian financial cybercrime.

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Tough test for email security services

Our latest email cloud security test really challenged the services under evaluation.
Latest report now online.
Last summer we launched our first email cloud security test and, while it was very well received by our readers and the security industry as… Continue reading Tough test for email security services

Open Banking: Tremendous Opportunity for Consumers, New Security Challenges for Financial Institutions

New security standards around open banking focus on multifactor authentication and monitoring of transactions but largely ignore device security.

The post Open Banking: Tremendous Opportunity for Consumers, New Security Challenges for Financial Institutions appeared first on Security Intelligence.

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Open Banking and PSD2: Disruption or Confusion?

If you’re not yet familiar with the concept of open banking, you’re not alone. U.K. consumer advice firm Which? reported that 92 percent of the public is unaware of the initiative, which officially launched on Jan. 13, 2018, to promote the use of application programming interfaces (APIs) to enable developers to build applications to augment […]

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Open Banking Is Here — Is Your Bank Positioned to Lead?

Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.

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Massive Identity Data Exposure Leads to Rising Tides of New Account Fraud — What’s Next?

New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.

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Fighting Financial Fraud in an Increasingly Digital World

Financial companies that provide mobile services need advanced malware detection tools and threat intelligence to protect customers from financial fraud.

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Ransomware, Trojans and Fraud, Oh My! Tracking Recent Cybercrime Trends and Patterns

As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters’ ROI.

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