11 Jul 2019

Big Banks Vulnerable to Web, Mobile Attacks

ImmuniWeb researchers have found vulnerabilities in the web applications, APIs and/or mobile apps of 97 of the 100 largest financial organizations in the world, which are located across 22 countries. The report shows that 85 online banking apps where not compliant with GDPR, while 49 were not compliant with PCI

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10 Jul 2019

Cyber Attacks Biggest Threat to Financial Sector

A new Wandera report looks at the mobile threats targeting financial services firms. It shows that phishing accounts for the majority (57%) of attacks, which is significantly higher than the average across other industries (42%). Man-in-the-middle attacks are also more common in the financial services sector (36%) than in other

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04 Jul 2019

Silence Group Likely Behind Recent $3M Bangladesh Bank Heist

Group-IB researchers believe that the Silence hacking group is behind a recent string of cyberattacks targeting banks in Bangladesh. In May of this year, hackers were able to steal around $3 million from three banks (Dutch Bangla Bank Limited, NCC Bank, and Prime Bank) through illegal transactions at ATM machines

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30 May 2019

Majority of CISOs plan to ask for an increase in cybersecurity investment

New research by the Financial Services Information Sharing and Analysis Center (FS-ISAC) shows that in the face of growing cyber threats, almost 3 in 4 (73%) CISOs in the finance sector will request their CFO to expand the cybersecurity budget in the coming year. Currently, the majority of organizations (56%)

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06 May 2019

What differentiates the strongest cybersecurity programs from the rest

New research by Deloitte and the Financial Services Information Sharing and Analysis Center (FS-ISAC) highlights three key traits of successful cybersecurity programs, namely: Support and involvement of executives and the board. Treating cybersecurity and IT as separate departments of equal standing. Tying cyber risk management strategy to business strategy. The

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06 May 2019

There are tens of thousands of cyber criminals in the world, says kaspersky

According to new research by Kaspersky Lab, “there are several tens of thousands of hackers in the world who must be constantly trained.” If hackers don’t keep up with the latest technological developments, they can lose their jobs. The researchers believe that there are only a few hundred elite hackers.

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30 Apr 2019

Dark Web-leaked banking credentials leap 129 percent

IntSights has released a new report on the threat landscape for the financial sector. It shows that the number of compromised banking credentials surged last year, and the same is true for stolen credit card details. Over one-fourth (25.7%) of malware attacks in 2018 targeted businesses offering financial services, making

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13 Feb 2019

EU adds Saudi Arabia, Panama to dirty-money blacklist: 23 countries now included

The European Commission maintains a list of countries that do not meet minimum thresholds for oversight against terrorism financing and money laundering. This list and its accompanying policies require European Banks to carry out additional checks on transactions that involve countries from the list. Being a member of the list

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