Tag: finance
-
Coyote Banking Trojan targets Brazilian users, stealing data from 70+ financial apps and websites
Coyote Banking Trojan targets Brazilian users, stealing data from over 70 financial applications and websites. FortiGuard Labs researchers detected a campaign using LNK files executing PowerShell commands to deploy the Coyote Banking Trojan. Threat actors target Brazilian users by stealing financial data, the malware can harvest sensitive information from over 70 financial applications and numerous…
-
Why digital resilience is critical to banks
Going beyond the traditional “Prevent, Detect, and Respond” framework and taking a proactive approach First seen on theregister.com Jump to article: www.theregister.com/2025/02/04/why_digital_resilience_is_critical/
-
Man charged with stealing $65 million by exploting DeFI protocols vulnerabilities
A Canadian man has been indicted in federal court in New York for exploiting vulnerabilities in two decentralized finance (DeFi) protocols to fraudulently obtain about $65 … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/02/04/man-charged-with-stealing-65-million-by-exploting-defi-protocols-vulnerabilities/
-
7 tips for improving cybersecurity ROI
Tags: advisory, ai, attack, business, ciso, compliance, control, corporate, cyber, cybersecurity, data, defense, detection, exploit, finance, gartner, group, incident response, infrastructure, intelligence, metric, monitoring, network, privacy, resilience, risk, risk-assessment, risk-management, service, siem, software, strategy, technology, threat, tool, vulnerability, wafWhen it comes to cybersecurity investments, smart money is directed toward initiatives that deliver the greatest protection at the lowest possible cost. But what appears to be a straightforward calculation can often be anything but.CISOs perennially face challenges securing adequate funding to safeguard the enterprise, placing them often in difficult positions attempting to stretch resources…
-
ValleyRAT Attacking Org’s Accounting Department with New Delivery Techniques
A concerning uptick in cyberattacks has emerged with ValleyRAT, a Remote Access Trojan (RAT) linked to the Silver Fox advanced persistent threat (APT) group. The malware is now employing innovative delivery techniques to infiltrate organizational networks, targeting finance and accounting departments. Recent reports from Morphisec Threat Labs indicate that the attackers have refined their tools…
-
Canadian National Charged with Stealing $65 Million in Crypto
A Canadian man has been charged with exploiting decentralized finance (DeFi) protocols to steal approximately $65 million from unsuspecting investors. A five-count criminal indictment, unsealed today in a federal court in New York, accuses 22-year-old Andean Medjedovic of targeting vulnerabilities in automated smart contracts used by two prominent DeFi platforms: KyberSwap and Indexed Finance. Alleged…
-
8 steps to secure GenAI integration in financial services
GenAI offers financial services institutions enormous opportunities, particularly in unstructured dataset analysis and management, but may also increase security risks, … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/02/04/financial-institutions-genai-risks/
-
Canadian Man Stole $65 Million in Crypto in Two Platform Hacks, DOJ Says
A 22-year-old Canadian man is indicted by the U.S. DOJ for using borrowed cryptocurrency and exploiting vulnerabilities on the KyberSwap and Indexed Finance DeFi platforms to steal $65 million in digital assets in two schemes between 2021 and 2023. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/02/canadian-man-stole-65-million-in-crypto-in-two-platform-hacks-doj-says/
-
Canadian charged with stealing $65 million using DeFI crypto exploits
The U.S. Justice Department has charged a Canadian man with stealing roughly $65 million after exploiting two decentralized finance (DeFI) protocols. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/canadian-charged-with-stealing-65-million-using-defi-crypto-exploits/
-
The Stumbling Blocks of Open Banking
UK Banks Face Adoption Challenges and Cybersecurity Concerns. Despite its promise of innovation and cost efficiency, banks in the United Kingdom continue to struggle with the adoption of open banking. Consumer awareness, security concerns and a lack of incentives remain hurdles as stakeholders push for broader integration. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/stumbling-blocks-open-banking-a-27433
-
DORA Compliance Must be a Top Priority for US Financial Institutions
In an era where digital resilience determines market survival, the European Union’s Digital Operational Resilience Act (DORA) has emerged as a global benchmark for financial sector cybersecurity. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/02/dora-compliance-must-be-a-top-priority-for-us-financial-institutions/
-
Coyote Malware Expands Reach: Now Targets 1,030 Sites and 73 Financial Institutions
Brazilian Windows users are the target of a campaign that delivers a banking malware known as Coyote.”Once deployed, the Coyote Banking Trojan can carry out various malicious activities, including keylogging, capturing screenshots, and displaying phishing overlays to steal sensitive credentials,” Fortinet FortiGuard Labs researcher Cara Lin said in an analysis published last week.The First seen…
-
The CISO’s role in advancing innovation in cybersecurity
Tags: access, advisory, ai, attack, best-practice, business, ceo, ciso, conference, cyber, cybersecurity, finance, network, phone, risk, startup, strategy, technology, threat, toolCybersecurity leaders have an advantage when it comes to innovation given their front seat facing new and old threats. That is why many CISOs are playing an active role in shaping emerging solutions, which also gives them a clear understanding of where current solutions fall short.”CISOs can play a part in supporting innovation by shaping…
-
A ransomware attack forced New York Blood Center to reschedule appointments
The New York Blood Center faced a ransomware attack on Sunday, forcing the healthcare organization to reschedule appointments. The New York Blood Center suffered a ransomware attack on Sunday, causing appointment rescheduling. The New York Blood Center (NYBC) is a community, nonprofit blood bank based in New York City. The community was established in 1964…
-
Change Your Password Day: Keeper Security Highlights Urgent Need for Strong Credential Management
In recognition of Change Your Password Day, Keeper Security is urging organisations to prioritise securing credentials to combat the escalating threat of cyber attacks. Without proper safeguards, compromised credentials can lead to devastating breaches, financial loss and reputational damage. Privileged accounts, often used by administrators or automated systems to access critical infrastructure, are prime targets for…
-
Devil-Traff: A New Bulk SMS Platform Driving Phishing Campaigns
Employees in most organizations receive countless communications daily”, emails, Slack messages, or ticket updates, for example. Hidden among these routine interactions are phishing scams designed to exploit trust and compromise security. Imagine an employee receiving a text that appears to be from their bank: “Suspicious activity detected on your account. Click here to secure your…
-
Why API Security is Essential for the Hospitality Sector: Safeguarding Your Guests and Your Rewards
Trust is the cornerstone of the hospitality industry. Guests rely on you to safeguard their personal data, payment information, and loyalty rewards. However, in today’s digital landscape, this trust faces constant risks. APIs, which serve as the unseen connections among various systems and applications, are particularly vulnerable to cyber threats. A single flaw can compromise…
-
New phishing campaign targets users in Poland and Germany
An ongoing phishing campaign, presumably by an advanced persistent threat (APT) actor, is seen dropping a new backdoor on victim systems enabling stealthy C2 operations.The backdoor, which Cisco’s Talos Intelligence Unit is tracking as TorNet, was found connecting victim machines to the decentralized and anonymizing TOR network for C2 communications.”Cisco Talos discovered an ongoing malicious…
-
Using AI To Help Keep Your Financial Data Safe
AI poses great opportunities for people and companies to implement robust systems to minimize the success and long-term effects of attacks. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/01/using-ai-to-help-keep-your-financial-data-safe/
-
Want to be an effective cybersecurity leader? Learn to excel at change management
Tags: authentication, awareness, business, cio, ciso, cloud, compliance, corporate, cybersecurity, finance, fraud, group, guide, Hardware, identity, jobs, password, privacy, risk, risk-management, service, skills, software, strategy, technology, threat, vulnerability, zero-trustIf there’s one thing that’s inevitable in cybersecurity, it’s change. Ever-evolving technology requires new protections, threats seem to multiply and morph on a daily basis, and even the humblest pieces of software and hardware demand constant updating to stay secure.That work has been increasing as the importance, visibility, and impact of security initiatives have ramped…
-
Preparing financial institutions for the next generation of cyber threats
In this Help Net Security interview, James Mirfin, SVP and Head of Risk and Identity Solutions at Visa, discusses key priorities for leaders combating fraud, the … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/01/29/james-mirfin-visa-financial-institutions-threats/
-
DeepSeek: The Silent AI Takeover That Could Cripple Markets and Fuel China’s Cyberwarfare
David Jemmett, CEO & Founder of CISO Global Unlike Western AI systems governed by privacy laws and ethical considerations, DeepSeek operates under a regime notorious for state-sponsored hacking, surveillance, and cyber espionage. With AI-driven automation at its disposal, China can rapidly scale its cyberattacks, embedding malware, manipulating financial markets, and eroding trust in global AI……
-
5 ways boards can improve their cybersecurity governance
Tags: attack, breach, business, ciso, cloud, cyber, cybersecurity, data, election, endpoint, finance, gartner, governance, government, group, identity, incident, india, infrastructure, jobs, middle-east, network, ransomware, regulation, risk, skills, technology, threat, trainingAs chairman of the board for Cinturion Group, Richard Marshall is intimately involved in ensuring the security of the fiber optic network his company is constructing from India through the Middle East and on to Europe.The monumental Trans Europe Asia System (TEAS) will be difficult enough to build given it will be buried beneath thousands…
-
Ransomware attack kept major energy industry contractor out of some systems for 6 weeks
Oklahoma-based ENGlobal Corporation said in an updated 8-K filing with the SEC that company officials were locked out of financial systems for six weeks because of a November ransomware attack. First seen on therecord.media Jump to article: therecord.media/englobal-ransomware-attack-six-weeks-disruption
-
TorNet Backdoor Exploits Windows Scheduled Tasks to Deploy Malware
Cisco Talos researchers have identified an ongoing cyber campaign, active since mid-2024, deploying a previously undocumented backdoor known as >>TorNet.
-
Survey Surfaces Extent of Financial Damage Caused by Ransomware Scourge
A global survey of 2,547 IT and cybersecurity practitioners finds 88% work for organizations that experienced one or more ransomware attacks in the past three months to more than 12 months, with well over half (58%) needing to, as a result, shut down operations and 40% reporting a significant loss of revenues. Conducted by the..…
-
DeepSeek hit by cyberattack and outage amid breakthrough success
Tags: access, ai, apple, attack, ceo, china, compliance, control, cyberattack, cybersecurity, data, detection, encryption, finance, GDPR, google, group, HIPAA, infrastructure, malicious, nvidia, open-source, risk, saas, service, startup, technology, threat, tool, training, vulnerabilityChinese AI startup DeepSeek said it was hit by a cyberattack, prompting the company to restrict user registrations and manage website outages as demand for its AI assistant soared.According to the company’s status page, DeepSeek has been investigating the issue since late evening Beijing time on Monday.”Due to large-scale malicious attacks on DeepSeek’s services, registration…
-
US takes aim at healthcare cybersecurity with proposed HIPAA changes
Tags: access, authentication, best-practice, breach, compliance, control, csf, cyber, cyberattack, cybersecurity, data, defense, detection, dora, encryption, finance, framework, government, group, healthcare, HIPAA, incident response, infrastructure, insurance, intelligence, jobs, law, malware, mfa, network, nist, penetration-testing, phishing, privacy, ransom, ransomware, regulation, resilience, risk, security-incident, service, skills, technology, threat, tool, update, usa, vulnerability, vulnerability-managementThe US Department of Health and Human Services (HHS) has launched a consultation on stricter rules for the safeguarding of electronic health records.The proposed revamp of security rules covered by the Health Insurance Portability and Accountability Act (HIPAA) is designed to address the increased risk from cyberattacks such as ransomware against healthcare environments.The revamped rules…
-
What Makes This “Data Privacy Day” Different?
Tags: access, ai, attack, breach, business, cloud, data, data-breach, finance, identity, infrastructure, malware, monitoring, phishing, privacy, ransomware, risk, scam, threat, tool, training, vulnerabilityAs we celebrate Data Privacy Day, Bernard Montel, Tenable’s EMEA Technical Director and Security Strategist, wants to remind us that we live in a digital world and that we need to protect it. With data breaches a daily occurrence, and AI changing the playing field, he urges everyone to “do better.” Launched in April 2006…