US switch to chip-and-PIN cards not a panacea for fraud
The massive breach that Target suffered late last year was the proverbial straw that broke the camel’s back and made the company decide to move to chip-and-PIN card …
European Central Bank blackmailed in wake of data breach
The European Central Bank (ECB) – the central bank for the euro – has suffered a data breach, and has only discovered it after receiving a blackmail letter from …
Operation Emmental exploits holes in banking security
Trend Micro researchers have discovered and analyzed a clever attack aimed at customers of Austrian, Swiss, Swedish, and Japanese banks. They dubbed it Emmental, after the …
Global action targeting Shylock malware
On 8 and 9 July 2014, an alliance of law enforcement and industry undertook measures against the Internet domains and servers that form the core of an advanced cybercriminal …
Mobile banking users to exceed 1.75 billion by 2019
Over 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year, according to Juniper Research. …
Estimated $3.75bn stolen by Brazil fraud ring
An estimated $3.75 billion have been netted by a single fraud ring that took advantage of a popular Brazilian payment method – the Boleto – by wielding a …
Android HijackRAT poised to hit mobile banking users
A highly versatile piece of Android malware has been unearthed by FireEye researchers. Posing as “Google Service Framework”, the malicious app is capable of …
Geodo infostealer gets help from worm
The distribution potential of the infamous Cridex infostealer (also known as Feodo or Bugat) just went up a notch, as a new version of the malware works in conjunction with a …
Banking malware sniffs out data sent over HTTPS
Careful online banking users can sometimes spot that something is amiss when malware installed on their computer pops up phishing pages or adds fields to legitimate banking …
Banking fraud campaign steals 500k euros in a week
The experts at Kaspersky Lab have discovered evidence of a targeted attack against the clients of a large European bank. According to the logs found in the server used by the …
Court decides bank is not to blame for $440k cybertheft
In many ways, small businesses are the perfect target for money hungry cyber crooks. Smaller companies are unlikely to have dedicated IT employees, making it less likely they …
There’s a new banking Trojan in town
A new piece of banking malware is being delivered via tax- and invoice-themed phishing campaigns, Danish security company CSIS is warning. Dubbed “Dyreza,” the …
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