Information Security
Chile's BancoEstado shuts down branch network after ransomware attack
Chilean bank BancoEstado closed all of its branches on Monday in response to a ransomware attack over the weekend.
US warns North Korean hackers are back
US authorities are warning that a North Korean-controlled hacking team called the BeagleBoyz has stepped up its attacks on banks around the world, attempting multiple fraudulent money transfers and ATM cash outs.
Banking app Dave hit by data breach
American banking app Dave says a data breach at third party provider Waydev has exposed the personal information of its 7.5 million users.
Crypto crime reaches $1.4bn so far in 2020
Just under $1.4bn was stolen through various crypto-related scams in the first five months of 2020, according to a report from cyber security firm CipherTrace.
NZX crashes for third day in a row
The New Zealand stock exchange has crashed for the third day in a row under the weight of a concerted Distributed Denial of Service attack.
Wells Fargo bans TikTok from company devices
Wells Fargo has banned TikTok from company devices, citing privacy and security concerns with the social media app.
Banco Santander picks ThetaRay AML tech for correspondent banking
Source: ThetaRay
ThetaRay, a leading provider of AI-based Big Data analytics, has signed an agreement under which Banco Santander will employ ThetaRay’s anti-money laundering (AML) solution for correspondent banking.
Experian handed over the details of 24 million SA consumers to a fraudster
Credit brueau Experian has suffered a data breach that exposed the personal details of 24 million South African consumers and almost 800,000 businesses.
Brazilian cybercriminals take the next generation of banking malware global
Source: Kaspersky
Brazilian cybercriminals, long regarded as some of the most creative malware creators, have begun to take their original malicious programmes outside the country. According to Kaspersky researchers, four advanced banking families—Guildma, Javali, Melcoz and Grandoreiro—have begun targeting users in North America, Europe, and Latin America.
DenizBank deploys OneSpan mobile security suite
Source: OneSpan
OneSpan (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartım.
Capital One fined $80m for massive 2019 hack
Capital One has agreed to a $80 million fine from US regulators over a 2019 hack which exposed the personal information of more than 100 million customers and applicants.
Rogue Postbank employees steal master encryption key; make off with $3.2 million
South Africa's Postbank has been forced to replace 12 million bank cards after a calamitous security breach that saw the bank's master encryption key printed off in plain, unencrypted language.
Remote working drives big changes in cyber programmes
Financial services firms had to make dramatic changes to their cybersecurity programmes to cope with the rapid shift to remote working due to the Covid-19 pandemic, a survey shows.
