Tag: finance
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TD Bank fined $28 million for sharing inaccurate and negative data on customers
First seen on therecord.media Jump to article: therecord.media/td-bank-fined-28-million-cfpb-data-sharing
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Geopolitical Tensions Fuel Growth in Cross-Border Fraud
ACAMS’ Shilpa Arora on Global Financial Vulnerabilities and Regulatory Challenges. Geopolitical tensions have heightened cross-border fraud, with crim… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/geopolitical-tensions-fuel-growth-in-cross-border-fraud-a-26261
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P0 Security Banks $15M for Security Cloud Access
San Francisco secure cloud access startup gets backing from SYN Ventures, Zscaler, and Lightspeed Venture Partners. The post P0 Security Banks $15M fo… First seen on securityweek.com Jump to article: www.securityweek.com/p0-security-banks-15m-for-security-cloud-access/
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FTC warns consumers of scammers offering to remove all negative information from credit reports
Are you eager for your credit report to be cleaned-up so lenders and landlords will have a better opinion of your financial responsibility and creditw… First seen on bitdefender.com Jump to article: www.bitdefender.com/blog/hotforsecurity/ftc-warns-consumers-of-scammers-offering-to-remove-all-negative-information-from-credit-reports/
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AI-Powered Deepfake Scams Wreak Havoc on Businesses
More than half (53%) of businesses in the U.S. and UK have been targeted by financial scams using deepfake technology, with 43% of those companies fal… First seen on securityboulevard.com Jump to article: securityboulevard.com/2024/09/ai-powered-deepfake-scams-wreak-havoc-on-businesses/
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Fog Ransomware Now Targeting the Financial Sector; Adlumin Thwarts Attack
The Fog Ransomware group, known for targeting education and recreation sectors, has expanded its scope to attack financial services organizations, whe… First seen on gbhackers.com Jump to article: gbhackers.com/fog-ransomwarefinancial-sector/
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In Other News: US Army Hacks Buildings, X Hiring Cybersecurity Staff, Bitcoin ATM Scams
Noteworthy stories that might have slipped under the radar: US Special Forces can hack buildings, X is hiring cybersecurity staff, and FTC warns of Bi… First seen on securityweek.com Jump to article: www.securityweek.com/in-other-news-us-army-hacks-buildings-x-hiring-cybersecurity-staff-bitcoin-atm-scams/
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Bitcoin ATM Scams Surge with Over $110 Million in Losses in 2023
In a stark warning to the public, the U.S. Federal Trade Commission (FTC) has disclosed staggering figures related to financial scams involving Bitcoi… First seen on securityonline.info Jump to article: securityonline.info/bitcoin-atm-scams-surge-with-over-110-million-in-losses-in-2023/
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Web3’s Billion-Dollar Bleeding: Cybercrime in DeFi
The rapid growth of Web3 and decentralized finance (DeFi) has transformed the financial landscape, offering unparalleled opportunities for innovation…. First seen on securityonline.info Jump to article: securityonline.info/web3s-billion-dollar-bleeding-cybercrime-in-defi/
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FBI Report Says Cryptocurrency Scams Surged in 2023
Victims Reported $5.6 Billion in Financial Losses Associated With Crypto Schemes. The FBI’s Internet Crime Complaint Center on Monday issued a report … First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/fbi-report-says-cryptocurrency-scams-surged-in-2023-a-26236
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The true cost of cybercrime for your business
As cybercriminals continue to refine their methods, blending traditional strategies with new technologies, the financial toll on individuals and organ… First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2024/09/06/the-true-cost-of-cybercrime-for-your-business/
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Mastercard startet Zahlungsdienst mit Passkeys in Indien
First seen on heise.de Jump to article: www.heise.de/news/Mastercard-startet-Zahlungsdienst-mit-Passkeys-in-Indien-9858562.html
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FTC urged to stop tech makers downgrading devices after you’ve bought them
Tags: financeFirst seen on theregister.com Jump to article: www.theregister.com/2024/09/06/consumer_ftc_software_tethering/
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File-sharing phishing attacks zero-in on the financial sector
First seen on scmagazine.com Jump to article: www.scmagazine.com/perspective/file-sharing-phishing-attacks-zero-in-on-the-financial-sector
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FTC calls out security camera vendor Verkada over data exposure
First seen on scmagazine.com Jump to article: www.scmagazine.com/news/ftc-calls-out-security-camera-vendor-verkada-over-data-exposure
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Bitcoin ATM scam-related losses on the rise, FTC report shows
First seen on scmagazine.com Jump to article: www.scmagazine.com/brief/bitcoin-atm-scam-related-losses-on-the-rise-ftc-report-shows
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Warren slams legal challenges to FTC noncompete ban
Tags: financeAs the FTC noncompete ban faces legal challenges, some in Congress including Sen. Elizabeth Warren are supporting the FTC’s authority to create such a… First seen on techtarget.com Jump to article: www.techtarget.com/searchcio/news/366599705/Warren-slams-legal-challenges-to-FTC-noncompete-ban
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Banks, telcos call for more data sharing to fight fraud
A Which?-led coalition of banks and telecoms operators is calling on the UK’s new government to take the lead on enabling data sharing to help fight d… First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366599463/Banks-telcos-call-for-more-data-sharing-to-fight-fraud
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Growth of Web3 Fuled New Opportunities for Threat Actors to Attack Finance Sectors
Web3 and DeFi have been appealing to many threat actors, and there has been a significant boost in heists that have become larger than any they have e… First seen on gbhackers.com Jump to article: gbhackers.com/web3-fuled-new-opportunities/
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Warnung vor Comdirect SMS-Spam
Ein Blog-Leser hat mich per Mail informiert, dass er derzeit vermehrt SMS-Spam erhält, der auf Kunden der Comdirect-Bank abzielt. In der SMS heißt es … First seen on borncity.com Jump to article: www.borncity.com/blog/2024/09/01/warnung-vor-comdirect-sms-spam/
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Banks Brace for DORA Cybersecurity Deadline on Jan. 17
New EU Rules Focus on Operational Resilience, Breach Reporting and Third-Party Risk. The Digital Operational Resilience Act aims to reshape the financ… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/banks-brace-for-dora-cybersecurity-deadline-on-jan-17-a-26207
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Verkada Facing Penalty After Hackers Viewed Sensitive Video Footage
The US FTC has proposed a $2.95m fine for security camera firm Verkada for alleged security failings that allowed hackers to access customers’ video f… First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/verkada-penalty-hackers-sensitive/
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FTC: Over $110 million lost to Bitcoin ATM scams in 2023
‹The U.S. Federal Trade Commission (FTC) has reported a massive increase in losses to Bitcoin ATM scams, nearly ten times the amount from 2020 and rea… First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/ftc-americans-lost-over-110-million-to-bitcoin-atm-scams-in-2023/
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Trio Admits Running >>OTP Agency<< Enabling Bank Fraud, and 2FA Bypass
First seen on hackread.com Jump to article: hackread.com/trio-admits-running-otp-agency-bank-fraud-2fa-bypass/
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API attacks surge by 65% in APAC, fuelled by rapid digitisation
Akamai’s report reveals a significant rise in cyber attacks on web applications and APIs in the region over the past year, with financial and commerce… First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366599603/API-attacks-surge-by-65-in-APAC-fuelled-by-rapid-digitisation
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AI Is Changing the Face of Fraud – And Fraud Fighting
Banks Using AI to Spot Fraud, Create Synthetic Data for Better Predictive Analytics. While the criminals may have an advantage in the AI race, banks a… First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/ai-changing-face-fraud-fraud-fighting-a-26200
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India’s Critical Infrastructure Suffers Spike in Cyberattacks
The financial and government sectors have come under increasing attacks in India, with the Reserve Bank of India (RBI) warning banks to double down on… First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/india-s-critical-infrastructure-suffers-spike-in-cyberattacks
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Verkada Pay $2.95 Million Failed To Secure Data Lead To Massive Breach
The FTC has ordered Verkada to implement a comprehensive information security program to address its lax security practices that allowed a hacker to c… First seen on gbhackers.com Jump to article: gbhackers.com/verkada-pay-2-95-million-failed/
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Verkada to Pay $2.95 Million Over FTC Probe Into Security Camera Hacking
The FTC complaint alleges that Verkada’s failures allowed a hacker to access customers’ security cameras. The post Verkada to Pay $2.95 Million Over F… First seen on securityweek.com Jump to article: www.securityweek.com/verkada-to-pay-2-95-million-over-ftc-probe-into-security-camera-hacking/