Tag: finance
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Cybersecurity in Focus: ECB Stress Test Exposes Banks’ Vulnerabilities
The European Central Bank (ECB) has concluded an extensive cybersecurity stress test of European banks, initiated in January 2024. The regulator asses… First seen on securityonline.info Jump to article: securityonline.info/cybersecurity-in-focus-ecb-stress-test-exposes-banks-vulnerabilities/
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LockBit claim about hacking U.S. Federal Reserve fizzles
Evolve Bank & Trust confirmed that it was affected by a cybersecurity-related incident, but has not yet said whether the LockBit ransomware gang was r… First seen on techtarget.com Jump to article: www.techtarget.com/searchsecurity/news/366591934/LockBit-claim-about-hacking-US-Federal-Reserve-fizzles
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FTC probe on automakers’ data privacy policies pushed
First seen on scmagazine.com Jump to article: www.scmagazine.com/brief/ftc-probe-on-automakers-data-privacy-policies-pushed
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Evolve Bank & Trust confirms LockBit stole 7.6 million people’s data
First seen on theregister.com Jump to article: www.theregister.com/2024/07/09/evolve_lockbit_attack/
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Some good may come out of the CrowdStrike outage
Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate… First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2024/07/29/crowdstrike-outage-positive-effects/
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Hacker Attacking Bank Users With AI-powered Phishing Tools and Android Malware
Cybersecurity firm Group-IB has uncovered a sophisticated cybercrime operation targeting Spanish banking customers. The criminal group GXC Team has be… First seen on gbhackers.com Jump to article: gbhackers.com/hacker-attacking-bank-users-with-ai/
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Everything’s frozen: Ransomware locks credit union users out of bank accounts
First seen on arstechnica.com Jump to article: arstechnica.com/
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Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally
First seen on techcrunch.com Jump to article: techcrunch.com/2024/07/19/banks-airlines-brokerage-houses-report-widespread-outages-across-the-globe/
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Account Takeover Fraud Declines in Financial Services
Tighter Security Controls Help Stop Fraud, But Fake IDs and Web Scraping Are Rising. Account takeover fraud in the financial services industry is decl… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/account-takeover-fraud-declines-in-financial-services-a-25884
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Ukraine’s cyber operation shut down the ATM services of major Russian banks
Ukraine launched a massive cyber operation that shut down the ATM services of the biggest Russian banks on July 27, reported the Kyiv Post. Ukraine ha… First seen on securityaffairs.com Jump to article: securityaffairs.com/166214/cyber-warfare-2/atm-services-russian-banks-hacked.html
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Ukraine Hacked Russian Banks, Leading Major Disruption
A large-scale cyberattack orchestrated by Ukrainian intelligence led to disruptions in the Russian banking sector. According to a source from Ukrainia… First seen on gbhackers.com Jump to article: gbhackers.com/ukraine-hacked-russian-banks/
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Senators to FTC: Car companies’ data privacy practices must be investigated
First seen on therecord.media Jump to article: therecord.media/markey-wyden-ask-ftc-to-probe-car-company-data-practices
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FBCS data breach impact now reaches 4.2 million people
Debt collection agency Financial Business and Consumer Solutions (FBCS) has again increased the number of people impacted by a February data breach, n… First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/fbcs-data-breach-impact-now-reaches-42-million-people/
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European Central Bank Concludes Banking Cyber Stress Test
‘Room for Improvement, Says ECB Supervisory Board Member. The European banking sector is prepared at a high level for withering cyberattacks but there… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/european-central-bank-concludes-banking-cyber-stress-test-a-25871
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Ukraine Hackers Hit Major Russian banks with DDoS attacks
Several prominent Russian bank clients experienced issues with their mobile apps and websites. According to Downdetector, complaints began to surge ar… First seen on gbhackers.com Jump to article: gbhackers.com/russian-banks-with-ddos-attacks/
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Adobe exec likened hidden cloud subscription exit fees to ‘heroin’, says FTC
First seen on theregister.com Jump to article: www.theregister.com/2024/07/25/adobe_subscription_cancel_fees_ftc/
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Affirm fears customer info pilfered during ransomware raid at Evolve Bank
First seen on theregister.com Jump to article: www.theregister.com/2024/07/02/affirm_evolve_ransomware_breach/
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Breach Roundup: ICANN Warns .top Domain About Phishing
Also: Russian DDoS Hacktivists; Verizon Settles With US FTC and Windows 10. This week, ICANN warned of phishing, BreachForums data was leaked, police … First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/breach-roundup-icann-warns-top-domain-about-phishing-a-25850
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10 fintech companies to watch in 2024
The fintech market is experiencing a swift transformation driven by emerging technologies like Open Finance and GenAI, as highlighted by Juniper Resea… First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2024/07/23/10-fintech-companies-to-watch-in-2024/
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US FTC Investigates Impact of AI-Powered Dynamic Pricing
Agency Asks Mastercard and 7 Other Firms to Furnish Data Used, Collection Methods. The U.S. Federal Trade Commission demanded information from a clutc… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/us-ftc-investigates-impact-ai-powered-dynamic-pricing-a-25835
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Singapore Banks to Phase Out OTPs for Online Logins Within 3 Months
Retail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing … First seen on thehackernews.com Jump to article: thehackernews.com/2024/07/singapore-banks-to-phase-out-otps-for.html
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Linx Security Raises $33M to Tackle Digital Identity Threats
New York startup with roots in Israel banks a hefty $33 million early stage funding round. The post Linx Security Raises $33M to Tackle Digital Identi… First seen on securityweek.com Jump to article: www.securityweek.com/linx-security-raises-33m-to-tackle-digital-identity-threats/
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FTC launches probe into how companies use data to tailor what each customer pays
First seen on therecord.media Jump to article: therecord.media/ftc-surveillance-pricing-inquiry
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Treasury group unveils guidance for financial sector on cloud adoption
First seen on fedscoop.com Jump to article: fedscoop.com/treasury-working-group-banks-cloud-adoption-cfpb-occ/
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Singapore Banks Ditch One-Time Passwords
First seen on darkreading.com Jump to article: www.darkreading.com/endpoint-security/singapore-banks-ditch-one-time-passwords
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Alles für den Klick: Phisher locken Paypal-Kunden mit dringender Verifizierung
First seen on golem.de Jump to article: www.golem.de/news/alles-fuer-den-klick-phisher-locken-paypal-kunden-mit-dringender-verifizierung-2407-187023.html
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FTC grabs controller as Microsoft jacks up Game Pass price by 81%
First seen on theregister.com Jump to article: www.theregister.com/2024/07/20/microsoft_game_pass_ftc/
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Banks and Airlines Disrupted as Mass Outage Hits Windows PCs
CrowdStrike Confirms Faulty Software Update for Falcon Sensor, Is Deploying Fix. Banks, airlines, media giants and others are being disrupted by a mas… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/banks-airlines-disrupted-as-mass-outage-hits-windows-pcs-a-25811