A team of security researchers from CloudSEK has reportedly discovered a new phishing technique being leveraged by threat actors to target banking customers in India. The phishing campaign is …
Will DeFi mark the beginning of the end of centralised finance, or mark its value?
Defy. To openly resist. DeFi. The contraction commonly used for decentralised finance. The buzzword used to describe the financial ecosystem getting plenty of mainstream traction sounds similar to the …
Majority of banks paid ransom for cyberattacks last year
Cloud computing company VMware says its most recent report has found a drastic increase of destructive cyberattacks, with 74% of businesses interviewed experiencing one or more ransomware attacks in …
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SSRF Flaw in Fintech Platform Allowed for Compromise of Bank Accounts
Salt Security has discovered a vulnerability that lies in the API already integrated into several of bank systems. The flaw could have the potential too, or has already, defrauded millions of users …
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Russian banks are so broke the biggest lender just got the go-ahead to issue digital assets like crypto
The impact of sanctions and the collapse of the Russian ruble after the invasion of Ukraine has some Russian banks turning to the crypto market for a boost. Like the biggest one. That is Sberbank, …
Russian cyber attacks against US banks increasing: sources
Russia appears to have officially declared cyberwar on the US, taking what’s been described as preliminary steps at crippling its banking system and possibly other major industries, The Post has …
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U.S. banks prepare for cyber attacks after latest Russia sanctions
U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine, cyber experts and executives said. Tensions between …
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Why are smart contracts the smart choice for financial services?
In an age of rapid digitalisation, accelerated by the COVID-19 outbreak in 2020, “smart contracts” are seen by many as a building block in the development of a more efficient and more automated …
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DeFi explained: What is decentralised finance and could it be a death sentence for banks?
DeFi, short for decentralized finance, is another buzzword that has entered our lexicon, joining the likes of Bitcoin, cryptocurrency, NFTs, blockchain and the metaverse. So, what is it? Today, most …
JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities
JPMorgan, the largest bank in the U.S., said it has become the first lender to arrive in the metaverse, having opened a lounge in Decentraland, a virtual world based on blockchain technology. As well …