Tag: finance
-
GhostSocks Malware Uses SOCKS5 Proxy to Evade Detection Systems
GhostSocks, a Golang-based SOCKS5 backconnect proxy malware, has emerged as a significant threat within the cybercrime ecosystem. First identified in October 2023 on Russian-language forums, its distribution expanded to English-speaking criminal platforms by mid-2024. This malware operates as part of a Malware-as-a-Service (MaaS) model, allowing threat actors to exploit compromised systems for financial gain. Its…
-
AI can kill banks: Cybersecurity’s disinformation gap
Almost 61% of study participants who consumed the fake news were fundamentally willing to withdraw their money from the respective bank.Just over 33% of respondents rated this as “very likely,” and another 27% as “probable.”Translated into financial expenditure, according to the study, a £10 investment in AI content generation (around US$13) can be enough to…
-
Strategic? Functional? Tactical? Which type of CISO are you?
Tags: breach, business, ceo, cisco, ciso, cloud, compliance, cybersecurity, finance, governance, group, guide, healthcare, infrastructure, jobs, risk, service, skills, startup, strategy, technology, trainingTransformational, as in program-builders or turnaround agents.Operational, often early-career CISOs who are closer to the technology and work at small-to-midsize companies where they still perform some technical duties.Compliance, that is, risk experts typically found in highly regulated industries.Steady-state CISOs, who, in opposition to the transformational type, keep everything on an even keel.Customer-facing CISOs, usually found…
-
Beware: PayPal “New Address” feature abused to send phishing emails
An ongoing PayPal email scam exploits the platform’s address settings to send fake purchase notifications, tricking users into granting remote access to scammers First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/beware-paypal-new-address-feature-abused-to-send-phishing-emails/
-
How CISOs can sharpen their board pitch for IAM buy-in
Tags: access, automation, breach, business, ciso, cloud, compliance, control, cybersecurity, data, finance, guide, iam, identity, metric, risk, security-incident, strategy, supply-chainthe top focus area going into 2025. However, communicating IAM’s value to the board remains a challenge”, it isn’t enough for these security leaders to craft effective IAM strategies”, they must also secure their board’s support.CISOs know that executive buy-in is critical for obtaining the necessary funding and setting the right tone from the top. The…
-
SpyLend Android malware downloaded 100,000 times from Google Play
An Android malware app called SpyLend has been downloaded over 100,000 times from Google Play, where it masqueraded as a financial tool but became a predatory loan app for those in India. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/spylend-android-malware-downloaded-100-000-times-from-google-play/
-
Global tech spend to approach $5 trillion this year: Forrester
The U.S. market is expected to exceed $2 trillion for the first time, with financial services and insurance leading the charge, the analyst firm said. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/tech-spend-software-forrester/740632/
-
A huge trove of leaked Black Basta chat logs expose the ransomware gang’s key members and victims
A leaker allegedly published the leaked internal messages after the group allegedly targeted Russian banks First seen on techcrunch.com Jump to article: techcrunch.com/2025/02/21/a-huge-trove-of-leaked-black-basta-chat-logs-expose-the-ransomware-gangs-key-members-and-victims/
-
Why Internal Audit Services Are Key to Risk Management in Today’s Business Landscape
Tags: business, compliance, cyber, finance, fraud, governance, risk, risk-management, service, threatNowadays, organizations face a multitude of risks ranging from financial fraud and cyber threats to regulatory non-compliance and operational inefficiencies. Managing these risks effectively is critical to ensuring business continuity, regulatory adherence, and financial stability. Internal audit services enable organizations to plan and decrease risks through independent assessments of operational standards and governance systems. Internal……
-
Adversarythe-Middle Hackers Exploit Vulnerabilities to Deploy Advanced Malware
Tags: authentication, credentials, cyber, cybercrime, exploit, finance, hacker, malware, mfa, phishing, service, threat, vulnerabilityCybercriminals are increasingly leveraging sophisticated Adversary-in-the-Middle (AiTM) phishing techniques, enabled by the rise of Phishing-as-a-Service (PhaaS) ecosystems. These operations target financial institutions globally, bypassing multi-factor authentication (MFA) by intercepting live authentication sessions. Threat actors use reverse proxy servers to relay user inputs to legitimate websites, capturing credentials and session cookies in real time. This allows…
-
Cybersecurity in The Internet Age: Safeguarding Your Assets and Data
Cybersecurity is one of the most vital dimensions of contemporary existence with cloud storage, online transactions, and internet services ever increasing. Governments, institutions, and individuals need to be provided with adequate security measures for safeguarding financial information and investments, including cryptocurrencies like Bitcoin, from the growing cyberattacks. First seen on thecyberexpress.com Jump to article: thecyberexpress.com/cybersecurity-in-the-internet-age/
-
Lloyds Bank reviews tech and engineering personnel in reorg
Admits it will be saying ‘goodbye to talented people’ in UK amid fears of jobs being offshored to India First seen on theregister.com Jump to article: www.theregister.com/2025/02/18/lloyds_tech_engineering_reorg/
-
Career Spotlight: Cloud Security Specialist
Demand for Cloud Security Skills Is Growing, Offering Good Pay and New Challenges Cloud services support a wide range of applications from finance to healthcare systems and have become prime targets for cybercriminals, making cloud security a major concern for cybersecurity organizations. The need to secure the cloud is driving demand for skilled cloud security…
-
Finastra Notifies Customers of Data Breach
Finastra notifies customers of data breach that took place more than three months ago, impacting sensitive financial information First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/finastra-notifies-customers-data/
-
Privacy Constraints Are Keeping Banks From Tackling Scams
M&T Bank’s Karen Boyer on Need for Shared Responsibility with Telecoms, Tech Firms. Technology solutions can help banks fight fraud, but privacy constraints are preventing them from doing an effective job to ferret out scammers, said Karen Boyer, senior vice president at M&T Bank. She supports a new Australian law that also places responsibility on…
-
Finastra Starts Notifying People Impacted by Recent Data Breach
Financial software firm Finastra is notifying individuals whose personal information was stolen in a recent data breach. The post Finastra Starts Notifying People Impacted by Recent Data Breach appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/finastra-starts-notifying-people-impacted-by-recent-data-breach/
-
Zacks Investment Data Breach Exposes 12 Million Emails and Phone Numbers
Tags: breach, credentials, cyber, cybersecurity, data, data-breach, email, finance, identity, password, phone, service, theftA cybersecurity incident at Zacks Investment Research has exposed sensitive data belonging to 12 million users, marking the second major breach for the financial services firm since 2022. The compromised information includes email addresses, phone numbers, names, IP addresses, physical addresses, and weakly protected password hashes, raising concerns about identity theft and credential-stuffing attacks. Breach…
-
Betrügerische Mails sind immer schwerer zu durchschauen
Phishing-Mails sind eine weit verbreitete Betrugsmasche, bei der Cyberkriminelle die Namen großer Unternehmen wie Sparkasse, Postbank, Telekom oder PayPal missbrauchen, um ahnungslose Nutzer:innen in eine Falle zu locken. First seen on it-daily.net Jump to article: www.it-daily.net/it-sicherheit/cybercrime/betruegerische-mails-sind-immer-schwerer-zu-durchschauen
-
Black-Hat SEO Poisioning Attacks Exploit Indian Government and Financial Websites
A sophisticated black-hat SEO poisoning campaign has compromised over 150 Indian government websites and financial institutions, redirecting millions of users to fraudulent gambling platforms promoting rummy and high-risk “investment” games. The operation, exploits vulnerabilities in government portals (.gov.in) and educational domains (.ac.in), leveraging search engine manipulation to siphon users toward scam websites. Exploiting Trusted Domains…
-
Password managers under increasing threat as infostealers triple and adapt
Tags: access, attack, authentication, automation, breach, ceo, cloud, credentials, crypto, cyber, cybercrime, cybersecurity, dark-web, data, data-breach, defense, email, encryption, exploit, finance, hacker, identity, intelligence, least-privilege, login, malicious, malware, mfa, password, phishing, ransomware, risk, service, switch, tactics, theft, threat, tool, vulnerability, zero-trustMalware-as-a-service infostealers: For example, RedLine Stealer is specifically designed to target and steal sensitive information, including credentials stored in web browsers and other applications. It is often distributed through phishing emails or by tricking prospective marks into visiting booby-trapped websites laced with malicious downloaders.Another threat comes from Lumma stealer, offered for sale as a malware-as-a-service,…
-
Black-Hat SEO Poisoning Indian Government and Financial Websites
Researchers at CloudSEK have uncovered a large-scale Search Engine Poisoning (SEP) campaign targeting Indian government, educational, and financial First seen on securityonline.info Jump to article: securityonline.info/black-hat-seo-poisoning-indian-government-and-financial-websites/
-
Chase will soon block Zelle payments to sellers on social media
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/chase-will-soon-block-zelle-payments-to-sellers-on-social-media/
-
Pro-Russia Hackers NoName057(16) Hit Italian Banks and Airports
Pro-Russia hackers NoName057(16) has targeted Italian banks, airports and ports in a series of DDoS attacks First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/noname05716-hit-italian-banks/
-
Fintech giant Finastra notifies victims of October data breach
Financial technology giant Finastra is notifying victims of a data breach after their personal information was stolen by unknown attackers who first breached its systems in October 2024. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/fintech-giant-finastra-notifies-victims-of-october-data-breach/
-
Pro-Russia collective NoName057(16) launched a new wave of DDoS attacks on Italian sites
Pro-Russia collective NoName057(16) launched DDoS attacks on Italian sites, targeting airports, the Transport Authority, major ports, and banks. The pro-Russia hacker group NoName057(16) launched a new wave of DDoS attacks this morning against multiple Italian entities. The group targeted the websites of Linate and Malpensa airports, the Transport Authority, the bank Intesa San Paolo, and…
-
The Benefits of the M&A Frenzy in Fraud Solutions
Emerging Vendors, Consolidation Drive Innovation in Fraud, AML, Scam Prevention. As cybercriminals exploit AI-generated deepfake scams and synthetic identity fraud, financial institutions are investing heavily in fraud detection, anti-money laundering solutions and identity verification to stay ahead. This demand is driving consolidation in the market. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/benefits-ma-frenzy-in-fraud-solutions-a-27533
-
Ransomware Detection: Attack Types Latest Techniques in 2025
Ransomware continues to be a formidable threat in the cybersecurity landscape, evolving in complexity and sophistication. It is a type of malicious software that encrypts a victim’s files or restricts access to their system, demanding payment for decryption or restoration. These attacks can lead to significant financial losses, operational disruptions, and reputational damage. As we…
-
How Banks Can Adapt to the Rising Threat of Financial Crime
Banking fraud and financial crimes are growing more sophisticated every day. By understanding the threats and building strong collaborations, banks can protect themselves and their clients. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/how-banks-adapt-rising-threat-financial-crime
-
Apache Fineract SQL Injection Vulnerability Allows Malicious Data Injection
The Apache Software Foundation has disclosed a critical SQL injection vulnerability in its widely utilized financial platform, Apache Fineract. The flaw, tracked as CVE-2024-32838, affects multiple API endpoints and poses a significant risk to applications built on this platform. This vulnerability allows authenticated attackers to inject malicious SQL data, potentially compromising sensitive information and the overall…
-
CISA Cuts Expose US Critical Infrastructure to New Threats
Could CISA’s Uncertain Future Embolden Nation-State Attackers?. As the future of the Cybersecurity and Infrastructure Security Agency becomes increasingly uncertain in the wake of a massive federal overhaul, experts warn that key U.S. infrastructure sectors, including energy, financial services and election infrastructure, are at a heightened risk of cyberattacks and cyberespionage. First seen on govinfosecurity.com…