Information Security
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.
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.
Bank of America leak exposes business details of PPP relief applicants
Bank of America accidentally exposed the personal details of applicants applying for loans from the Paycheck Protection Program during a test submission to the US Small Business Administration system.
HSBC survey indicates less than ten percent of Hong Kong residents are cyber smart
Technology adoption in Hong Kong is among the highest in the world1, but it also exposes the general public to significant cyber security risks, such as online fraud, bogus calls or messaging scams.
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.
Nine million EasyJet customer accounts hacked
Low cost carrier EasyJet has fallen victim to a "sophisticated" cyber attack that lifted the personal details of nine million customers.
US issues alert on North Korea cyber threat
US authorities are sounding the alarm over North Korea's cyber activities, warning that the rogue state poses a "significant threat" to the integrity and stability of the international financial system.
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.
HMRC takes down nearly 300 Covid-19 phishing scam sites since March
The UK's Inland Revenue has formally asked Internet Service Providers (ISPs) to remove 292 scam web addresses exploiting the Coronavirus outbreak since 23rd March, according to official figures.
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.
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.
Investment Association launches cyber threat intelligence dashboard
The Investment Association has launched a new cyber threat intelligence service to help asset managers navigate the changing security landscape in the light of Covid-19.
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.
