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Latest coverage for Finance

Stay secure in the finance sector. Explore the latest in financial cyber security news, trends, and best practices to protect valuable assets and data.

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Finance covers the institutions, markets, and services that move, store, lend, invest, and insure money. Its distinctive assets include customer identities, account balances, payment instructions, trading positions, claims, and confidential business data. Operations depend on core banking and ledger systems, payment networks, market-data feeds, identity services, and external processors or cloud providers. Integrity and availability are especially important: an unauthorized change to beneficiary or settlement data can cause direct loss, while an outage can interrupt payments or trading and complicate time-sensitive reconciliation.

Security work therefore focuses on online banking and trading interfaces, APIs, privileged access, credentials, and third-party connections. Useful controls include phishing-resistant multi-factor authentication, least privilege, transaction signing or approval separation, encryption, tamper-evident logging, and anomaly monitoring. Privacy protections apply to personal and financial information; PCI DSS is relevant where payment-card data is handled, alongside jurisdiction-specific financial rules. Vulnerability management should prioritize internet-facing and legacy systems, while incident response needs capabilities to contain fraudulent transactions, preserve evidence, reconcile ledgers, and restore trusted service through tested backups or failover.

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TrendAI™ Research has identified two emerging threat campaigns—SHADOW-AETHER-040 and SHADOW-AETHER-064—that use agentic AI to drive intrusion operations against government and financial organizations in Latin America, marking these among the first cases we have observed of AI agents executing attacks from initial access to data exfiltration.

Trend Micro Research, News and Perspectives 1 year, 3 months ago

BPFDoor’s Hidden Controller Used Against Asia, Middle East Targets

A controller linked to BPF backdoor can open a reverse shell, enabling deeper infiltration into compromised networks. Recent attacks have been observed targeting the telecommunications, finance, and retail sectors across South Korea, Hong Kong, Myanmar, Malaysia, and Egypt.

Trend Micro Research, News and Perspectives 2 years, 5 months ago

CVE-2024-21412: Water Hydra Targets Traders with Microsoft Defender SmartScreen Zero-Day

The APT group Water Hydra has been exploiting the zero-day Microsoft Defender SmartScreen vulnerability (CVE-2024-21412) in its campaigns targeting financial market traders. This vulnerability, which has now been patched by Microsoft, was discovered and disclosed by the Trend Micro Zero Day Initiative.

Trend Micro Research, News and Perspectives 2 years, 10 months ago

Stealthy Android Malware MMRat Carries Out Bank Fraud Via Fake App Stores

The Trend Micro Mobile Application Reputation Service (MARS) team discovered a new, fully undetected Android banking trojan, dubbed MMRat, that has been targeting mobile users in Southeast Asia since late June 2023.

Trend Micro Research, News and Perspectives 3 years, 1 month ago

Void Rabisu’s Use of RomCom Backdoor Shows a Growing Shift in Threat Actors’ Goals

Void Rabisu, a malicious actor believed to be associated with the RomCom backdoor, was thought to be driven by financial gain because of its ransomware attacks. But in this blog entry, we discuss how the use of the RomCom backdoor in recent attacks shows how Void Rabisu's motives seem to have changed since at least October 2022.

Trend Micro Research, News and Perspectives 3 years, 5 months ago

TgToxic Malware’s Automated Framework Targets Southeast Asia Android Users

We look into an ongoing malware campaign we named TgToxic, targeting Android mobile users in Taiwan, Thailand, and Indonesia since July 2022. The malware steals users’ credentials and assets such as cryptocurrency from digital wallets, as well as money from bank and finance apps. Analyzing the automated features of the malware, we found that the threat actor abused legitimate test framework Easyclick to write a Javascript-based automation script for functions such as clicks and gestures.

Nigeria’s Economic and Financial Crimes Commission (EFCC) arrested three suspected scammers from Nigeria who were involved in global scamming campaigns via a sting operation that is part of Operation Killer Bee. Trend Micro provided information on the group and their modus operandi.