Stay secure with the latest updates on banking cybersecurity trends, threats, and solutions in the finance industry. Protect your assets and data now.
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Banking encompasses the digital systems and networks that manage financial transactions, customer accounts, credit issuance, and investment services. These systems handle sensitive data such as account numbers, transaction histories, and personal identification details, relying on interconnected payment gateways and APIs that require continuous availability and data integrity to function correctly.
Security concerns focus on preventing unauthorized access to online banking portals, protecting transaction processing from manipulation, and safeguarding sensitive data from insider threats. Effective defenses include multi-factor authentication, encryption of data both in transit and at rest, and real-time monitoring of transactions to detect anomalies. Maintaining strict access controls and promptly addressing software vulnerabilities are critical to preserving trust and operational stability in banking environments.
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The emerging malware, spread via fake TikTok and Chrome downloads, has evolved by combining banking fraud with extensive device surveillance and remote control.
Augmented Marauder's multipronged banking-Trojan cyber campaigns are targeting Spanish speakers, evading detection, and replicating rapidly.
JPMorganChase uses digital fingerprints and digital twins to spot online attackers and malicious behaviors while also reducing pesky false alerts.
The latest banking Trojan campaign to hit Brazil combines classic malware with a real-time human operator, waiting for the perfect moment to strike.
Patricia Voight, CISO at Webster Bank, shares her expertise on advancing cybersecurity careers, combating financial crimes, and championing diversity in a rapidly changing industry.
The infostealer specifically targets Brazilian Portuguese speakers and combines malware designed to phish banking credentials and steal data, a worm, and some uniquely Brazilian quirks.
South America's largest country is notorious for banking malware attacks; Maverick self-terminates if its targeted user is based outside Brazil.
A sophisticated new banking malware is hard to detect, capable of stealing lots of money, and infecting thousands of people in Italy and Spain.
It's the first known instance of malware that abuses the UIA framework and has enabled dozens of attacks against banks and crypto exchanges in Brazil.
Within months of implementing anti-fraud measures and automation, Texas National Bank prevented more than $300,000 in check fraud.
The Android malware is targeting Turkish financial institutions, completely taking over legitimate banking and crypto apps by creating an isolated virtualized environment on a device.
A ransomware activity wave using the SocGholish MaaS framework for initial access also has affected banking and consulting firms in the US, Taiwan, and Japan since the beginning of the year.
A pair of researchers plan on detailing effective tools to dig into the effectiveness of vehicle cybersecurity without breaking the bank.
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.
Cheap banking scams are often easier to pull off in a country with older devices, fewer regulations, and experienced fraudsters.
The number of DDoS-related incidents targeting APIs have jumped by 30x compared with traditional Web assets, suggesting that attackers see the growing API landscape as the more attractive target.
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.
At least 17 affiliate groups have used the "DroidBot" Android banking Trojan against 77 financial services companies across Europe, with more to come, researchers warn.
Chinese-speaking adversaries are using a fresh Android banking Trojan to take over devices and initiate fraudulent money transfers from financial institutions across Latin America, Italy, Portugal, and Spain.
African nation's proactive approach to cybersecurity comes amid a rise in painful cyberattacks including the breach of a major bank.