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Customers report being locked out after grabbing the password manager via F-Droid Some HSBC mobile banking customers in the UK report being locked out of the bank's app after installing the Bitwarden password manager via an open source app catalog.…
Cybersecurity researchers have disclosed details of a new Android banking trojan called Sturnus that enables credential theft and full device takeover to conduct financial fraud
The financial sector is adept at balancing risk and opportunity. Adversarial AI is its next big challenge Partner content From the use of ATMs to online banking, the financial services sector has always been at the forefront of technology. Now, it's leading the charge in AI. In their third annual survey of financial institutions the Bank of England and Financial Conduct Authority found 75% of companies already using AI with another 10% planning to do so over the next three years.…
Also: Zero-Days Affect Financial Markets, SailPoint IPO Signals Market TrendsIn this week's update, ISMG editors discussed the latest "Modern Bank Heists" report and the evolving threats to financial institutions, fallout from the U.S. Department of Government Efficiency's AI-driven government shake-up, and what SailPoint's IPO signals for the cybersecurity vendor market.
Tom Kellermann's Annual Report on Key Threats to Financial SectorZero days. Supply chain attacks. APIs and cloud environments as growing threat vectors. These are among the topics discussed in this seventh annual Modern Bank Heists report, and author Tom Kellermann discusses their impact on financial institutions - and which defensive gaps need to be filled now.
Cloud storage giant lawyers up against infosec house Analysis Hudson Rock, citing legal pressure from Snowflake, has removed its online report that claimed miscreants broke into the cloud storage and analytics giant's underlying systems and stole data from potentially hundreds of customers including Ticketmaster and Santander Bank.…
A new DNS threat actor dubbed Savvy Seahorse is leveraging sophisticated techniques to entice targets into fake investment platforms and steal funds
Also: Polish Prime Minister Says Previous Administration Deployed Pegasus SpywareThis week, the Zeus leader pleaded guilty, Prudential detected hackers, U.S. telecoms have to report breaches, Microsoft patched zero-days, researchers said Chinese threat intel is faulty, ransomware hit Romanian healthcare entities, Juniper was breached and Poland allegedly previously used Pegasus.
Kansas Bank Forced to Close After CEO Allegedly Embezzled Nearly $50 MillionA watchdog report reveals how Heartland Tri-State Bank CEO Shan Hanes allegedly defrauded a local church and investment club in Kansas out of $47.1 million through a "pig-butchering" cryptocurrency scam that ultimately caused the bank to fail in 2023.
An Android malware campaign targeting Iranian banks has expanded its capabilities and incorporated additional evasion tactics to fly under the radar
Follows similar efforts from the SEC and DHS in recent months The US has approved mandatory data breach reporting requirements that impose a 30-day deadline for non-banking financial organizations to report incidents.…
The U.S. Federal Trade Commission (FTC) has amended the Safeguards Rules, mandating that all non-banking financial institutions report data breach incidents within 30 days. [...]
The Classiscam scam-as-a-service program has reaped the criminal actors $64.5 million in illicit earnings since its emergence in 2019
Cybersecurity researchers said they have discovered what they say is the first open-source software supply chain attacks specifically targeting the banking sector
An unknown cybercrime threat actor has been observed targeting Spanish- and Portuguese-speaking victims to compromise online banking accounts in Mexico, Peru, and Portugal
An emerging Android banking trojan dubbed Nexus has already been adopted by several threat actors to target 450 financial applications and conduct fraud
Cybersecurity researchers are warning of "massive phishing campaigns" that distribute five different malware targeting banking users in India
When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation's largest banks, reimbursing account takeover victims has become more the exception than the rule.
'At least ten' people didn't declare coin income. Wow, what a bust The IRS has been granted a court order to collect records from a bank the agency said will help it identify US taxpayers who failed to report taxable income from crypto trades. …
The financial services industry has always been at the forefront of technology adoption, but the 2020 pandemic accelerated the widespread of mobile banking apps, chat-based customer service, and other digital tools. Adobe's 2022 FIS Trends Report, for instance, found that more than half of the financial services and insurance firms surveyed experienced a notable increase in digital/mobile