Tag: Banks

Over $1 Billion Stolen with Carbanak Trojan

In what’s sure to take the cake as “largest heist in the history of modern commerce”, members of the research team at Kaspersky Lab have announced they had uncovered a massive operation undertaken by some of the world’s most sophisticated hacking rings, which netted everyone involved just over $1 billion by the time all was […]

South Korean Nuclear Reactor Computer Systems Hacked

South Korea has admitted that the computer systems at some of its nuclear reactors have been hacked. This has raised serious concerns about the safety and integrity of its nuclear facilities, especially since the country is technically at war with North Korea. Last week, documents and manuals about equipment used by South Korea’s nuclear plant […]

Webcam-ready Spawn of Zeus Chthonic Hits 150 Worldwide

The newest version of Zeus has just hit the scenes, and now it’s after your webcam, so says fresh research from the boys down at Kaspersky Lab. The malware, known as Chthonic, weasels its way onto machines running Windows XP, 7, and 8.1, and hooks into software designed to handle the permissions for your webcam […]

Court Rules That Target Was Negligent in Data Breach Case

Twelve months on from its infamous data breach, Target was ruled as negligent by a court this week, which will allow a number of financial institutions to proceed with their class action suit against the retailer. The District Court in Minnesota ruled that several financial institutions, who reimbursed the some 110 million affected customers, could […]

85% of all Phishing Scams Sourced from China, Says Report

According to a newly minted report from the Anti-Phishing Workgroup, nearly 85 percent of all phishing attacks on the open Internet are launched on behalf of hackers and criminal organizations from inside the red giant, China. Out of 22,679 malicious domain registrations reviewed by the research team, over 19,000 of them were registered in China […]

Businesses Are Lacking a Mature Patch Management Process

Although 2014 saw vulnerabilities like ShellShock and Heartbleed along with several data breaches on major retail stores and banks, most businesses still don’t have a full-fledged patch management process or a strong system to track sensitive data, according to a survey by Trustwave. The 2014 State of Risk Report by Trustwave said that as many […]

London and New York Police To Trade Cyber Security Staff

Prosecutors from London and New York police have planned to send staff to each other’s offices to increase transatlantic collaboration in a bid to fight cybercrime. The London Police and New York District Attorney’s Office will exchange one member each this spring, and they hope that there will be an expansion of the program in […]

hsbc

HSBC Turkey Will Not Reissue Cards Following Data Breach

This week HSBC Turkey was hacked and saw 2.7m customers’ credit information stolen but the bank is refusing to reissue the cards, saying that not enough data was stolen to qualify as fraud. HSBC released a statement earlier this week but says that the stolen data cannot be used to make fraudulent transactions. “Our cards […]

Email Hoax Sends G4S Stocks Down This Week

This week outsourcing company G4S fell prey to an extensive email hoax that ultimately saw its shares tank on Wednesday. A fake press release was circulated to journalists containing a link to replica website for the FTSE 100 company that was near perfect in imitation. The press release made startling (false) claims such as the […]

Researchers Expose Vulnerability in Visa Contactless Cards

Researchers at Newcastle University have identified a major vulnerability in Visa’s contactless cards that could allow hackers to steal huge amounts of money from users’ accounts without their knowledge. Contactless credit cards allow users in the UK to make transactions that cost less than £20 without entering their PIN, speeding up the process and improving […]

North Korea

North Korea Accused of Hacking South Korean Smartphones

South Korea’s National Intelligence Service (NIS) has alleged that North Korean cyber army has infected over 20,000 smartphones belonging to South Koreans, submitting its intelligence report to lawmakers on Wednesday. Citing the NIS report, Yonhap, South Korea’s news agency, reported that the cyber attacks were carried out between May and September. Victims reportedly downloaded infected […]

Judge Stands Down From Home Depot Lawsuit

A judge presiding over one of the lawsuits taken against Home Depot over its recent data breach has stepped down from the case for undisclosed reasons. Anchor Bank in St. Paul, Minnesota had begun legal action against the hardware retailer over “significant damages” incurred by the hack attack. However, the federal judge Timothy C. Batten […]

No Government Accounts Breached at JPMorgan

JPMorgan Chase is still reeling from its recent data breach that impacted over 70 million accounts but according to one spokesperson, federal government employee accounts weren’t touched in the cyber heist. There are roughly 500,000 government employees that use JPMorgan Chase cards but these were not affected and so will not need to be replaced, […]

TD bank

TD Bank Settles Data Breach Case With 9 States

TD Bank has reached a settlement with nine states over its 2012 data breach that affected 260,000 people. The settlement is valued at $850,000. In 2012 in Massachusetts, TD Bank misplaced several unencrypted back-up tapes of data containing 1.4 million files of sensitive customer information dating back over a decade. More than 31,000 people in […]

anonabox

Tor Router Anonabox Banks $600k on Kickstarter in 48 Hours

This week, a little-known upstart company Anonabox posted a Kickstarter for a new product that would make the process of signing onto the Tor anonymization protocol on your home network easier and more streamlined than ever before. Hoping to raise $7,500 in 30 days, the company’s expectations were shattered when over $600,000 poured into their […]

credit card

Europol Warns of Russian Gangs Plotting Billion Dollar Attack

Europol has warned that criminals are planning a billion dollar cyber attack on major financial institutions in the world. This warning comes at a time when banks in the US are already reeling from the security breach at JPMorgan Chase. By secretly listening to Internet chat rooms, Europol has discovered cyber plotting by Russian criminals […]

Qbot Malware Target Banks, Infects More Than 500K Systems

Researchers working at security company Proofpoint believe that a cybercrime group that speaks Russian has infected more than 500,000 systems. The group is targeting the online operations of major banks in Europe and US. The group, which has been dubbed Northern Gold by Proofpoint, has been operational since 2008. Wayne Huang, Vice President of Engineering […]

atm

Tyupkin ATM Malware Lets Criminals Steal Millions

Malware may infect your mobile devices to steal passwords and make your PCs run slower, but they’ve come a long way; today they can also attack ATM machines and empty the cash. Kaspersky Lab researchers recently revealed that a malicious program called ‘Backdoor.MSIL.Tyupkin’ is stealing money from ATMs running a 32-bit versions of Windows platforms, […]