Latest cybersecurity reporting from selected sources.

Cloud Android phones fuel financial fraud, evading detection and enabling dropper accounts

Mobile banking malware targets over 1200 financial apps globally, shifting fraud to user devices

Cyber fraudsters targeting corporate finance departments costs businesses millions a year

New Android malware enables unauthorized tap-to-pay transactions without physical access to bank cards

The FBI reports over $262m in losses from account takeover schemes since January 2025, as cybercriminals impersonate financial institutions to steal data and funds

UK Finance reveals a 3% increase in the value and 17% increase in the volume of fraud in H1 2025

Doughnut maker Krispy Kreme has revealed that sensitive financial and personal data of over 160,000 individuals has been impacted following a November 2024 cyber incident

The suspects were apprehended in a surprise operation at their hideout in Lagos following intelligence received by Nigeria's Economic and Financial Crimes Commission

The US Government is offering a $5 million reward for information leading to the disruption of financial mechanisms supporting North Korea following a six-year conspiracy

An FBI alert warned that GenAI tools are improving the believability of fraud schemes and enabling large scale attacks

Meta has announced a new information-sharing partnership with UK financial institutions to target social media fraud

UK’s Financial Ombudsman warns fraud and scams hit a record high in Q2 2024

ESET detected a new phishing technique using progressive web applications (PWAs) as part of a large-scale mobile financial scam

Payments professionals have highlighted authorized push payment (APP) fraud as the top threat facing businesses and consumers

A novel malware strain, Snowblind, bypasses security measures in banking apps on Android, leading to financial losses and fraud, according to Promon

UK Finance figures reveal romance, purchase and investment scams drove up authorised push payment fraud in 2023

Mitek surveyed 1500 financial services risk and innovation professionals in UK, US and Spain

The US Treasury report sets out recommendations for financial institutions on addressing immediate AI-related operational risk, cybersecurity and fraud challenges

A new report suggests nearly 2 million UK adults have had their identity stolen and used by fraudsters to open a financial account in 2023

Financial Conduct Authority claims economic hardship is making consumers more vulnerable to loan fee fraud