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Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.
Attack Combines Social Engineering and Card Emulation to Execute Real-Time TheftHackers are using Chinese-speaking Android malware-as-a-service SuperCard X to carry out near-field communication relay attacks, siphoning payment card data and executing live point of sale and ATM transactions. Victims receive spoofed SMS or WhatsApp alerts purporting to originate from their bank.
Attackers Can Now Download, Alter and Delete Files - Plus Click, Scroll and SwipeThreat actors are sending SMS texts to trick banking customers into downloading new and improved Vultur banking malware that interacts with infected devices and alters files. Vultur typically misuses legitimate applications, enabling remote access to the VNC server on targeted devices.