Info Security Magazine
4 years, 5 months ago
Spanish Cops Bust SIM Swap Fraud Gang
Members intercepted SMS codes to access victim bank accounts
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Latest coverage for Banking
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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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Threat Post
4 years, 5 months ago
Sharp SIM-Swapping Spike Causes $68M in Losses
The attacks, which lead to 2FA defeat and account takeover, have accelerated by several hundred percent in one year, leading to thousands of drained bank accounts.
Bleeping Computer
4 years, 5 months ago
Spain dismantles SIM swapping group who emptied bank accounts
Spanish National Police has arrested eight suspects allegedly part of a crime ring who drained bank accounts in a series of SIM swapping attacks. [...]
Bleeping Computer
4 years, 5 months ago
Meta and Chime sue Nigerians behind Facebook, Instagram phishing
Meta (formerly known as Facebook) has filed a joint lawsuit with Chime, a financial technology and digital banking company, against two Nigerian individuals who allegedly used Instagram and Facebook accounts to impersonate Chime and target its users in phishing attacks. [...]
The Hacker News
4 years, 5 months ago
Medusa Android Banking Trojan Spreading Through Flubot's Attacks Network
Two different Android banking Trojans, FluBot and Medusa, are relying on the same delivery vehicle as part of a simultaneous attack campaign, according to new research published by ThreatFabric
Bleeping Computer
4 years, 5 months ago
Medusa malware ramps up Android SMS phishing attacks
The Medusa Android banking Trojan is seeing increased infection rates as it targets more geographic regions to steal online credentials and perform financial fraud. [...]