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Background for this topic.
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.
Mobile banking malware targets over 1200 financial apps globally, shifting fraud to user devices
Cybersecurity researchers have disclosed a new Android malware family called Perseus that's being actively distributed in the wild with an aim to conduct device takeover (DTO) and financial fraud
Midmarket security leaders aren't as secure as they think, says Intruder's report Partner Content The midmarket matters. JP Morgan estimates approximately 300,000 organizations generating $13T in annual revenue. Yet they occupy an awkward position in the security landscape. They're large enough to be attractive targets with complex digital estates, significant revenue, and valuable data, but not large enough to have the headcount, budget maturity, or tooling sophistication of an enterprise security team.…
SCION: Proven in banking and healthcare, slow to spread everywhere else Feature BGP, the Border Gateway Protocol, was not designed to be secure. It was designed to work – to route packets between the thousands of autonomous systems that make up the internet, quickly and at scale.…
AI helped send weekly threat signal count from 80 million to 400 billion, then helped response time shrink from two days to 30 minutes Australia’s Commonwealth Bank built its own agentic AI threat hunting tools, because vendors are too slow to develop tools that can cope with emerging AI-powered threats, according to General Manager of Cyber Defence Operations Andrew Pade.…