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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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.
The Classiscam scam-as-a-service program has reaped the criminal actors $64.5 million in illicit earnings since its emergence in 2019
The stealthy Trojan targets users in Southeast Asia, allowing attackers to remotely control devices to commit bank fraud.
A previously undocumented Android banking trojan dubbed MMRat has been observed targeting mobile users in Southeast Asia since late June 2023 to remotely commandeer the devices and perform financial fraud
A novel Android banking malware named MMRat utilizes a rarely used communication method, protobuf data serialization, to more efficiently steal data from compromised devices. [...]
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.
Meal delivery biz leaves bitter taste Purfoods has notified more than 1.2 million people that their personal and medical data — including payment card and bank account numbers, security codes, and some protected health information — may have been stolen from its servers during what sounds like a ransomware infection earlier this year.…