Latest cybersecurity reporting from selected sources.

UNC3753 phones staff posing as IT, hijacks screen sessions, steals sensitive legal files, and now sends operatives physically into offices to plug in USB drives. Google Mandiant and the Google Threat Intelligence Group published a detailed report documenting an active extortion campaign carried out by the cybercrime group UNC3753 (aka Luna Moth, Chatty Spider, and […]

Reports claim Anthropic engineers are helping the NSA use its restricted AI model Mythos, known for advanced cybersecurity capabilities. This week, the Financial Times reported that Anthropic has placed approximately six “forward-deployed” engineers inside the National Security Agency to help the intelligence agency use Mythos, its most capable cyber model, for offensive operations. Two people […]

Data exposure, operational disruption and financial losses among issues faced by businesses struggling with the rapid rise of AI agents, warns Cloud Security Alliance report

Report Reveals Growing Trend of Fraudsters Intercepting SMS-Based VerificationFinancial institutions have historically relied on one-time passcodes as a primary authentication control for their accountholders. But OTP verification is less reliable as fraudsters increasingly exploit SMS-based verification weaknesses to carry out account takeover and payment fraud schemes.

HIPAA Settlement Small Compared to Many OthersU.S. federal regulators fined a dental practice software vendor with a seemingly lowball financial penalty for a high-stakes 2020 hack affecting 15 million individuals that the company failed to report. Maryland-based MMG Fusion agreed to $10,000.

Customers report being locked out after grabbing the password manager via F-Droid Some HSBC mobile banking customers in the UK report being locked out of the bank's app after installing the Bitwarden password manager via an open source app catalog.…

A new report by the Financial Crimes Enforcement Network (FinCEN) shows that ransomware activity peaked in 2023 before falling in 2024, following a series of law enforcement actions targeting the ALPHV/BlackCat and LockBit ransomware gangs. [...]

Cybersecurity researchers have disclosed details of a new Android banking trojan called Sturnus that enables credential theft and full device takeover to conduct financial fraud

Guess how much of our direct transatlantic data capacity runs through two cables in Bude? Feature The first transatlantic cable, laid in 1858, delivered a little over 700 messages before promptly dying a few weeks later. 167 years on, the undersea cables connecting the UK to the outside world process £220 billion in daily financial transactions. Now, the UK Parliament's Joint Committee on National Security Strategy (JCNSS) has told the government that it has to do a better job of protecting them.…

The Co-operative Group in the U.K. released its interim financial results report for the first half of 2025 with a massive loss in operating profit of £80 million ($107 million) due to the cyberattack it suffered last April. [...]

The financial sector is adept at balancing risk and opportunity. Adversarial AI is its next big challenge Partner content From the use of ATMs to online banking, the financial services sector has always been at the forefront of technology. Now, it's leading the charge in AI. In their third annual survey of financial institutions the Bank of England and Financial Conduct Authority found 75% of companies already using AI with another 10% planning to do so over the next three years.…

At least six organizations in South Korea have been targeted by the prolific North Korea-linked Lazarus Group as part of a campaign dubbed Operation SyncHole

Cybersecurity researchers have unearthed a new controller component associated with a known backdoor called BPFDoor as part of cyber attacks targeting telecommunications, finance, and retail sectors in South Korea, Hong Kong, Myanmar, Malaysia, and Egypt in 2024

At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.

Also: Zero-Days Affect Financial Markets, SailPoint IPO Signals Market TrendsIn this week's update, ISMG editors discussed the latest "Modern Bank Heists" report and the evolving threats to financial institutions, fallout from the U.S. Department of Government Efficiency's AI-driven government shake-up, and what SailPoint's IPO signals for the cybersecurity vendor market.

Gcore’s latest DDoS Radar report analyzes attack data from Q3–Q4 2024, revealing a 56% YoY rise in the total number of DDoS attacks with the largest attack peaking at a record 2 Tbps. The financial services sector saw the most dramatic increase, with a 117% rise in attacks, while gaming remained the most-targeted industry. This period’s findings emphasize the need for robust, adaptive DDoS

Tom Kellermann's Annual Report on Key Threats to Financial SectorZero days. Supply chain attacks. APIs and cloud environments as growing threat vectors. These are among the topics discussed in this seventh annual Modern Bank Heists report, and author Tom Kellermann discusses their impact on financial institutions - and which defensive gaps need to be filled now.

Experts Weigh the Pros and Cons of Work Culture and Merging AML and Fraud TeamsA recent report found that more than 57,000 Americans fall victim to scams every day. Financial fraud is rising globally. In response, the National Automated Clearinghouse Association is pushing for real-time fraud monitoring by 2026, requiring closer collaboration between fraud and AML teams.

Report: Financial Orgs Shift to Multi-Cloud to Address Cyber Threats and RegulationFinancial institutions are increasingly adopting multi-cloud strategies to mitigate rising cyber risks and comply with complex regulations, according to a new report. Although the move enhances flexibility and disaster recovery, challenges remain, from implementation costs to a growing skills gap.

Report: Financial Orgs Shift to Multi-Cloud to Address Cyber Threats and RegulationFinancial institutions are increasingly adopting multi-cloud strategies to mitigate rising cyber risks and comply with complex regulations, according to a new report. The move enhances flexibility and disaster recovery, though challenges remain, from implementation costs to a growing skills gap.