Information Security
The cybersecurity posture of financial services companies: IIF/McKinsey Cyber Resilience Survey
A recent joint survey on cyber resilience by the Institute of International Finance (IIF) and McKinsey found significant concerns regarding third-party security, and our survey determined that 33 percent of financial-services firms do not have proper vendor remote-access management with multifactor-authentication controls.
Sharp rise in phishing attacks as scammers prey on Coronavirus fears
Security consultancy Barracuda has recorded a 667% spike in phishing attacks globally since the start of March as fraudsters attempt to cash in on the Covid-19 outbreak.
Bank cyberattack could hit whole financial system - NY Fed research
A cyberattack on a major US bank could have significant spillovers to other lenders, with serious implications for the whole financial system, according to research from the Federal Reserve Bank of New York.
US and UK unite to hunt down Evil Corp hacking group
US Government agencies have offered a $5 million reward for information leading to the arrest of the leader of the cyber-crime group Evil Corp. Evil Corp's alleged leader Maksim V Yakubets and administrator Igor Turashev have been charged in a 10-count indictment, including bank fraud, conspiracy, computer hacking and wire fraud.
Ginp banking Trojan mutates for coronavirus infection
The infamous Ginp banking Trojan, which acquired the ability to insert fake text messages into the inbox of a regular SMS app back in March, has now acquired a new functionality — one that takes advantage of the recent pandemic.
P&N Bank CRM system hacked
Australia's P&N Bank has had it customer relationship management system raided by hackers, putting at risk the personal information of some 96,000 members.
LendingCrowd reports data breach
On Wednesday 30 October, LendingCrowd discovered a data security incident resulting in unauthorised access to the personal data of a subset of investors.
FCA admits data breach
The UK's top regulator has referred itself to the Information Commissioners Office after suffering a data breach that revealed the names and other identifiable information of 1600 individuals who had lodged complaints against it.
Hackers hold Travelex to ransom
Hackers are demanding a ransom from Travelex in return for giving the foreign exchange bureau back control of its IT systems and customer data. On New Year's Eve, Travelex was forced to pull the plug on its websites in 30 countries after discovering a software virus infection.
BitMEX customers at risk after mass email leak
Users of crypto derivative platform BitMEX are being urged to update their accounts after thousands of email addresses were mistakenly shared in a mass email.
30 million cards from Wawa breach turn up for sale on dark web
The payment card details of more than 30 million Americans, believed to have been stolen in a data breach at convenience store chain Wawa, have been put up for sale on the dark web.
Australia delays Open Banking roll out over security concerns
Australian authorities have delayed the introduction of Open Banking rules by six months amid concerns over testing and security of the new provisions for account data sharing.
UniCredit uncovers data breach affecting three million customers
UniCredit has uncovered a data breach affecting the personal records of more than three million Italian customers.