Tag: finance
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FBI warns of rising AI tools deployment in financial fraud schemes
First seen on scworld.com Jump to article: www.scworld.com/brief/fbi-warns-of-rising-ai-tools-deployment-in-financial-fraud-schemes
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Security researchers find deep flaws in CVSS vulnerability scoring system
The industrywide method for assessing the severity of vulnerabilities in software and hardware needs to be revised because it provides potential misleading severity assessment, delegates at Black Hat Europe were told Thursday.The Common Vulnerability Scoring System (CVSS) makes use of various metrics to quantify vulnerability severity. A presentation at Black Hat by cybersecurity experts from…
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Europol shutters 27 DDoS sites in major crackdown
Tags: attack, crime, cybercrime, ddos, defense, finance, hacker, infrastructure, international, iot, network, vulnerabilityEuropol has announced that it has carried out a major crackdown on cybercriminal actors in cooperation with the police authorities in 15 countries as part of an ongoing international crackdown known as PowerOFF.Included in the effort are the Australian Federal Police, the UK’s National Crime Agency, and the US Department of Justice, Federal Bureau of Investigation, Homeland…
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Fake IT Workers Funneled Millions to North Korea, DOJ Says
The fake IT worker scheme netted $88 million over six years, transferred through U.S. and Chinese financial systems to the DPRK government. The post Fake IT Workers Funneled Millions to North Korea, DOJ Says appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/fake-it-workers-funneled-millions-to-north-korea-doj-says/
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Trump FTC pick seen as mixed bag for data privacy enforcement
Ferguson has voted in favor of every privacy-related enforcement since he began his tenure as a commissioner in April, but a leaked memo he wrote to Trump suggest he will diverge from the current approach in important ways.]]> First seen on therecord.media Jump to article: therecord.media/trump-ftc-pick-ferguson-seen-as-mixed-bag-on-privacy
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Spain busts voice phishing ring for defrauding 10,000 bank customers
The Spanish police, working with colleagues in Peru, conducted a simultaneous crackdown on a large-scale voice phishing (vishing) scam ring in the two countries, arresting 83 individuals. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/spain-busts-voice-phishing-ring-for-defrauding-10-000-bank-customers/
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Triad Nexus, Chinese Hackers Using 200,000 Domains For Widespread Cyber Attack
Researchers identified FUNNULL, a Chinese CDN, as hosting malicious content, which includes fake trading apps for financial fraud, gambling sites likely used for money laundering, and phishing login pages targeting luxury brands. The gambling sites use algorithmically generated domains and Tether cryptocurrency, possibly to bypass blocking and facilitate cross-border money flows. FUNNULL acquired polyfill.io, a…
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SaaS Budget Planning Guide for IT Professionals
SaaS services are one of the biggest drivers of OpEx (operating expenses) for modern businesses. With Gartner projecting $247.2 billion in global SaaS spending this year, it’s no wonder SaaS budgets are a big deal in the world of finance and IT. Efficient SaaS utilization can significantly affect both the bottom line and employee productivity.…
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AMD data center chips vulnerable to revealing data through ‘BadRAM’ attack
Tags: access, advisory, attack, best-practice, cloud, cve, data, encryption, exploit, finance, firmware, flaw, germany, Hardware, mitigation, monitoring, reverse-engineering, software, update, vulnerabilityAMD’s Secure Encrypted Virtualization (SEV), meant to protect processor memory from prying eyes in virtual machine (VM) environments, can be tricked into giving access to its encrypted memory contents using a test rig costing less than $10, researchers have revealed.Dubbed “BadRAM” by researchers from the University of Lübeck in Germany, KU Leven in Belgium, and…
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Clearinghouse Pays $250K Settlement in Web Exposure Breach
Inmediata Health Group Has Paid $2.7M in Fines, Civil Claims for 2019 HIPAA Breach. A breach that exposed the personal information of nearly 1.6 million patients of a Puerto Rico-based clearinghouse has led to a $250,000 financial settlement with federal regulations for multiple HIPAA violations. The 2019 leak has cost Inmediata Health $2.7 million in…
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US sanctions Chinese cybersecurity firm over global malware campaign
Tags: attack, breach, china, computer, control, corporate, credentials, cve, cyber, cyberattack, cybersecurity, email, encryption, exploit, finance, firewall, fraud, government, group, healthcare, identity, infection, infrastructure, intelligence, international, malicious, malware, monitoring, network, office, password, ransomware, risk, service, software, sophos, technology, terrorism, threat, tool, vulnerability, zero-dayThe US government has imposed sanctions on Chinese cybersecurity firm Sichuan Silence Information Technology and one of its employees, Guan Tianfeng, for their alleged involvement in a 2020 global cyberattack that exploited zero day vulnerabilities in firewalls.The actions were announced by the US Department of the Treasury and the Department of Justice (DOJ), which also…
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Artivion Discloses Cybersecurity Incident, Impacts Operations and Financial Outlook
Artivion, Inc., a global leader in the development and manufacturing of cardiovascular surgical devices, announced a cybersecurity incident that has disrupted its operations and compromised sensitive data. In a filing... First seen on securityonline.info Jump to article: securityonline.info/artivion-discloses-cybersecurity-incident-impacts-operations-and-financial-outlook/
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Financial Sector Turning to Multi-Vendor Cloud Strategies
Report: Financial Orgs Shift to Multi-Cloud to Address Cyber Threats and Regulation. Financial institutions are increasingly adopting multi-cloud strategies to mitigate rising cyber risks and comply with complex regulations, according to a new report. The move enhances flexibility and disaster recovery, though challenges remain, from implementation costs to a growing skills gap. First seen on…
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Black Hat Europe preview: Cryptographic protocol attacks and AI in the spotlight
Tags: access, ai, application-security, attack, authentication, backdoor, best-practice, computer, conference, control, cybercrime, cybersecurity, data, dns, encryption, exploit, finance, github, government, hacker, healthcare, identity, injection, Internet, LLM, malicious, microsoft, mitigation, office, open-source, radius, RedTeam, risk, service, sophos, technology, tool, training, vulnerability, vulnerability-management, windowsThis week in London Black Hat Europe will feature a diverse range of talks and presentations covering the latest developments in cybersecurity.The opening keynote on Wednesday will be delivered by Frédérick Douzet, a professor of geopolitics at the University of Paris 8, and director of the French Institute of Geopolitics research team. No preview is…
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FTC distributes $72 million in Fortnite refunds from Epic Games
Tags: financeThe Federal Trade Commission (FTC) is distributing over $72 million in Epic Game Fortnite refunds for the company’s use of dark patterns to trick players into making unwanted purchases. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/gaming/ftc-distributes-72-million-in-fortnite-refunds-from-epic-games/
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Obsidian Security Achieves Snowflake Ready Validation and Financial Services Competency
Obsidian Security today announced the successful completion of the Snowflake Ready Technology Validation, and achievement of the Snowflake Partner Network Financial Services Industry Competency. These milestones mark significant progress in Obsidian Security’s product integration and collaboration with Snowflake, the AI Data Cloud company. Through this integration, Obsidian Security customers can strengthen the security of their critical data…
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Astrix Security Banks $45M Series B to Secure Non-Human Identities
Tel Aviv company building software to secure non-human identities banks a $45 million funding round led by Menlo Ventures. The post Astrix Security Banks $45M Series B to Secure Non-Human Identities appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/astrix-security-banks-45m-series-b-to-secure-non-human-identities/
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How Red Teaming Helps Meet DORA Requirements
The Digital Operational Resilience Act (DORA) sets strict EU rules for financial institutions and IT providers, emphasizing strong… First seen on hackread.com Jump to article: hackread.com/how-red-teaming-helps-meet-dora-requirements/
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Phone Phishing Gang Busted: Eight Arrested in Belgium and Netherlands
Belgian and Dutch authorities have arrested eight suspects in connection with a “phone phishing” gang that primarily operated out of the Netherlands with an aim to steal victims’ financial data and funds.As part of the international operation, law enforcement agencies carried out 17 searches in different locations in Belgium and the Netherlands, Europol said. In…
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Major Drop in Cyber-Attack Reports from Large UK Financial Businesses
A Hack The Box Freedom of Information request has shown a significant drop in cyber-attacks reported to the Financial Conduct Authority (FCA) in 2024 First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/drop-cyberattack-reports-financial/
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CVE-2024-11205: WPForms Plugin Vulnerability Exposes 6 Million WordPress Sites to Financial Risk
A critical vulnerability, identified as CVE-2024-11205, was discovered in the WPForms plugin, a popular WordPress form builder used by over 6 million active websites. This vulnerability, which has been assigned a high CVSS score of 8.5, targets businesses relying on WPForms for payment processing and subscription management, especially those using Stripe integration. First seen on…
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SpyLoan Malware: A Growing Threat to Android Users
The rise in android users has transformed how individuals and businesses access financial services, offering convenience and speed like never before. However, this rapid digitalization has also made these platforms a prime target for hackers. SpyLoan malware is a threat specifically engineered to exploit vulnerabilities in digital lending ecosystems. By stealing sensitive customer data, manipulating……
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Top tips for CISOs running red teams
Red team is the de facto standard in offensive security testing when you want to know how all security investments, from technological controls to user training to response procedures, work together when subjected to a targeted attack. Unlike penetration testing, which aims to comprehensively assess a system, or purple team, which assesses detection and response…
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Authorities Dismantled Hackers Who Stolen Millions Using AirBnB
Tags: breach, cyber, cybercrime, exploit, finance, fraud, group, hacker, international, network, phishing, vulnerabilityAn international cybercrime network responsible for stealing millions of euros across at least ten European countries has been dismantled in a joint operation by the Rotterdam Police Cybercrime Team and the Belgian police. The sophisticated criminal group employed phishing schemes and bank helpdesk fraud to exploit vulnerable victims, with call centers set up in luxury…
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DDoS-Angriff auf eine Bank in Russland
Russian users report Gazprombank outages amid alleged Ukrainian cyberattack First seen on therecord.media Jump to article: therecord.media/gazprombank-outages-russia-ukraine-claims-cyberattack
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Millionaire Airbnb Phishing Ring Busted Up by Police
Scammers set up call centers in luxury rentals to run bank help-desk fraud, as well as large-scale phishing campaigns, across at least 10 European countries, according to law enforcement. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/millionaire-airbnb-phishing-ring-busted-police
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Bug bounty programs: Why companies need them now more than ever
Tags: attack, best-practice, bug-bounty, business, crypto, cyber, cybercrime, cybersecurity, defense, exploit, finance, guide, hacker, hacking, jobs, malicious, ransom, strategy, threat, tool, update, vulnerability, zero-dayIn the fast-evolving landscape of cybersecurity, the need for proactive measures has become more pressing than ever.When I first entered the cybersecurity field, the primary threats were largely opportunistic hackers exploiting known vulnerabilities and multi-million-dollar ransoms were unheard of. Today, the stakes are significantly higher. According to Cybersecurity Ventures, cybercrime is expected to cost the…