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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.
Efforts part of internationally coordinated operations carried out in recent months Interpol has arrested 31 people following a three-month operation to stamp out various types of cybercrime.…
An INTERPOL-led collaborative operation targeting phishing, banking malware, and ransomware attacks has led to the identification of 1,300 suspicious IP addresses and URLs
Top Lobbyist Says Regulators Should Do More to Combat Caller ID SpoofingA top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.
Also: Cloudflare Was Hacked With Stolen Okta TokenThis week, former CIA programmer gets 40-year sentence, zero trust prevents widespread damage, possible ransomware attack in Georgia, alleged hacker detained in Ukraine, USB-spread malware in Italy, LockBit attack on non-bank home mortgage lender, and Ukrainian critical infrastructure disrupted.
State Attorney Alleges Lack of Layered Security to Stop Fraudulent Wire TranfersThe New York attorney general sued the third-largest bank in the United States over its alleged failure to protect consumers from scammers. "If a bank cannot secure its customers' accounts, they are failing in their most basic duty," said Attorney General Letitia James.
A Brazilian law enforcement operation has led to the arrest of several Brazilian operators in charge of the Grandoreiro malware
The Federal Police of Brazil and cybersecurity researchers have disrupted the Grandoreiro banking malware operation, which has been targeting Spanish-speaking countries with financial fraud since 2017. [...]
ALSO: SEC admits to X account negligence; New macOS malware family appears; and some critical vulns Infosec in brief Trend Micro's Zero Day Initiative (ZDI) held its first-ever automotive-focused Pwn2Own event in Tokyo last week, and awarded over $1.3 million to the discoverers of 49 vehicle-related zero day vulnerabilities.…