Tag: banking
Recently there have been several reports of a financial malware named TrickBot; this malware's code looks similar to Dyre. Source link lol
Read MoreFirst detected in May 2018, DanaBot is a fraud trojan that has since shifted its targets from banks in Australia to banks in Europe, as well as global email providers such as Google, Microsoft and Yahoo for the holiday phishing season. Source link lol
Read MoreConclusion Banking trojans—malware designed to attack the customers of financial institutions and engage in fraudulent activity when they log into a target bank—are just as effective now as they were a decade ago. One reason is because malware authors are good at evading detection, and many organizations have yet to implement web fraud prevention systems…
Read MoreAuthentication Attacks: Growing Every Year Credential stuffing and brute force attacks have been the biggest threats for financial services recently, and the trend shows no sign of slowing. This is unsurprising, given the capability that legitimate credentials represent for attackers. If attackers are able to guess or simply re-use already compromised credentials and gain access…
Read MoreAccounting for the slight dip in 2019, password login attacks account for 32% of all reported SIRT incidents over the past three years. We also saw how they jumped in 2020, so we did a deeper dive into how these kinds of cyberattacks ramped up during the pandemic. Credential Stuffing Attacks at Financial Services Organizations…
Read MoreA wide variety of organizations fall under financial services, including banks of varying sizes, credit unions, insurance companies, government-sponsored financial institutions, stock exchanges, investment funds, payment processors, consumer finance lenders, brokerages, and companies that service the financial sector. We’ll look at all of these and note the differences in the data, starting with the largest…
Read MoreCyberattack Incidents at Financial Services Companies Like payment processors, financial services companies are private companies that serve the financial sector by providing data processing for banks, credit unions, and other financial institutions. They can perform loan analyses, credit ratings, check printing, data storage, or analytics. Basically, they provide any outsourced service except payment processing (the…
Read MoreRegulators are increasing enforcement actions and penalties against the big banks for failures in cyber risk management, and the rest better take notice. Between August and October of 2020, the Office of the Comptroller of the Currency (OCC), an independent bureau of the U.S. Department of the Treasury, imposed $625 million in fines on major…
Read MoreDuring these unprecedented times, legacy banks and financial services institutions (FSIs) face unique operational challenges. Many of them have to rapidly expand their digital service offerings in order to navigate economic disruptions. In fact, banks in Asia Pacific (APAC) are rethinking processes and digitalizing processes, with 70 percent are adopting real-time payments by 2022 according…
Read MoreMitigating FluBot David Warburton, principal threat research evangelist with F5 Labs, offers the following suggestions for mitigating FluBot. Prevent FluBot relies on tricking the user into downloading a trojan hosted on an attacker-controlled server. Android phones will, by default, prevent installation from outside of the Google Play store, though attackers know this and coach the…
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