Android banking Trojan steals both authenticating factors
The Zeus and SpyEye banking Trojans have recently been fitted with a new module that targets Android users that use their device as an added authentication method when …
New online banking fraud schemes target mobile users
Trusteer uncovered two online banking fraud schemes designed to defeat one time password (OTP) authorization systems used by many banks. Unlike a previous attack Trusteer …
The future of attacks on banking systems
If you’re a regular reader of our news site – or, indeed, any other that site that deals with information and computer security – you might sometimes get the …
$2.1 million stolen with clever social engineering
An unnamed fraudster managed to steal $2.1 million from a hospital chain’s Wells Fargo Bank escrow account by faxing a money transfer signed with a copied-and-pasted …
Self-selected PINs aren’t that hard to guess
Four-digit banking PINs are usually randomly assigned by banks after the issuing of credit and debit cards, but there are still some out there that let its customers choose …
Multi-layered cloud security for banks
ActivIdentity announced integrated fraud detection service and authentication capabilities for its 4TRESS Authentication Appliance. The all-in-one platform and cloud-based …
New powerful bot spreads by email
PandaLabs reported the presence of a powerful new bot called Ainslot.L. This malware is designed to log user activities, download additional malware and take control of …
Best practices for online banking security
There are two common misconceptions about online banking security which are holding financial institutions back from offering their customers the best services possible. …
Malware redirects bank phone calls to attackers
Trusteer have discovered a concerning development in some new Ice IX configurations that are targeting online banking customers in the UK and US. Ice IX is a modified variant …
Hackers steal $6.7 million in bank cyber heist
A perfectly planned and coordinated bank robbery was executed during the first three days of the new year in Johannesburg, and left the targeted South African Postbank – …
Security challenges for the finance sector
As the migration to Windows 7 is proving a catalyst to organizations, banks are stepping up to the challenge to protect themselves against malware attacks abusing admin …
Optical transaction signing device limits ebanking fraud
SafeNet announced the eToken 3500, an electronic signing and strong authentication token-based device that will enable financial services organizations to achieve risk …
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