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Latest coverage for Banking

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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Bank Info Security 2 years, 5 months ago

Meta Is Being Urged to Crack Down on UK Payment Scams

Banking Fraud Heads Say Facebook Marketplace Is Teeming With ScammersMeta-owned online marketplaces are swarming with scammers who use deceptive ads to defraud banking customers, fraud prevention heads at leading British banks testified before a U.K. Parliament committee. They called on the social media giant to roll out stronger fraud prevention measures.

Bank Info Security 8 Feb 2024, 1:00 p.m. Banking Facebook Fraud Marketplace Scam Social Media United Kingdom
Bank Info Security 2 years, 5 months ago

New Banking Trojan Exploits Patched Windows SmartScreen Flaw

Mispadu Trojan Is Compromising Windows Security, Posing Threat to Banking SystemsThe novel variant of the banking Trojan Mispadu is targeting Latin American countries, especially Mexico, by exploiting a flaw in Windows SmartScreen. In this latest distribution method, the attackers send spam emails that deliver deceptive URL files that circumvent the SmartScreen banner warning.

Bank Info Security 7 Feb 2024, 12:00 p.m. America Banking Compromise Exploit Flaw Mexico Microsoft Patch Spam Trojan Warning
Bank Info Security 2 years, 5 months ago

Fraudsters Deepfake Entire Meeting, Swindle $25.5M

Hong Kong Company Scammed After Criminals Used Deepfake Technology to Imitate CFOFraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.

Bank Info Security 6 Feb 2024, 11:00 a.m. Banking Conference Deepfake Finance Scam Video