Report: Big U.S. Banks Are Stiffing Account Takeover Victims

When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Continue reading Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

The latest round comes just 90 days from Bilt’s launch. Continue reading Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

Wells Fargo Employees Advised to Delete TikTok from Company Phones

The popular TikTok app was deemed a security risk by Wells Fargo, and its employees have been told to delete the app from their phones. It’s not the first company to suggest this course of action, following mixed messages from Amazon. TikTok took… Continue reading Wells Fargo Employees Advised to Delete TikTok from Company Phones

OpenFin raises $17 million for its OS for finance

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, […] Continue reading OpenFin raises $17 million for its OS for finance

What Wells Fargo’s cyber boss is doing to protect critical infrastructure

The National Infrastructure Advisory Council is picking up where it left off. Rich Baich, chief information security officer at Wells Fargo, will begin an indefinite term on the committee next month, more than one year since it NIAC released its most recent public report on cybersecurity. The executive group, charged with providing the president and Secretary of Homeland Security with advice on how to secure the U.S. critical infrastructure sectors and their information systems, largely has kept out of the public eye. In August 2017, eight members resigned from the council, citing President Donald Trump’s “insufficient attention” to growing threats and his reaction to a white nationalist rally Charlottesville, Va. in which a counter-demonstrator was killed. Little has happened since those resignations. Existing council members have met since 2017, though according to its website NIAC last submitted a report to the president and Department of Homeland Security in August 2017. […]

The post What Wells Fargo’s cyber boss is doing to protect critical infrastructure appeared first on Cyberscoop.

Continue reading What Wells Fargo’s cyber boss is doing to protect critical infrastructure

Fear Not: You, Too, Are a Cybercrime Victim!

Maybe you’ve been feeling left out because you weren’t among the lucky few hundred million or billion who had their personal information stolen in either the Equifax or Yahoo! breaches. Well buck up, camper: Both companies took steps to make you feel better today.

Yahoo! announced that, our bad!: It wasn’t just one billion users who had their account information filched in its record-breaking 2013 data breach. It was more like three billion (read: all) users. Meanwhile, big three credit bureau Equifax added 2.5 million more victims to its roster of 143 million Americans who had their Social Security numbers and other personal data filched in a breach earlier this year. At the same time, Equifax’s erstwhile CEO informed Congress that the breach was the result of even more bone-headed security than was first disclosed.

To those still feeling left out by either company after this spate of news, I have only one thing to say (although I feel a bit like a broken record in repeating this): Assume you’re compromised, and take steps accordingly. Continue reading Fear Not: You, Too, Are a Cybercrime Victim!

Inside the Kronos malware – part 2

In part two of our Kronos malware analysis, we look at the malicious actions Kronos can perform.

Categories:

Tags:

(Read more…)

The post Inside the Kronos malware – part 2 appeared first on Malwarebytes Labs.

Continue reading Inside the Kronos malware – part 2