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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.
A new Android banking malware named Octo has appeared in the wild, featuring remote access capabilities that allow malicious operators to perform on-device fraud. [...]
SharkBot was hidden in apps masquerading as antivirus tools.
A number of rogue Android apps that have been cumulatively installed from the official Google Play Store more than 50,000 times are being used to target banks and other financial entities
The bank was fined for the breaches and the delays in communicating with affected customers
Fintech provider flaw could have hit dozens of U.S. banks, says Salt Security Salt Security spotted a vulnerability in a large fintech company's digital platform that would have granted attackers admin access to banking systems in addition to allowing them to transfer funds to their own accounts.…
Researchers discovered the vulnerability in an API already integrated into many bank systems, which could have defrauded millions of users by giving attackers access to their funds.
As many as seven malicious Android apps discovered on the Google Play Store masqueraded as antivirus solutions to deploy a banking trojan called SharkBot
Threat actors have been distributing malicious applications under the guise of seemingly harmless shopping apps to target customers of eight Malaysian banks since at least November 2021
Crooks used RAT to hijack superusers at India's Mahesh Bank, stole millions An Indian bank that did not have a valid firewall license, had not employed phishing protection, lacked an intrusion detection system and eschewed use of any intrusion prevention system has, shockingly, been compromised by criminals who made off with millions of rupees.…