Mirai Variant Botnet Takes Aim at Financials

Insikt Group, the threat research group within Recorded Future, has found that a Mirai botnet variant was used to attack a company, or companies, in the financial sector in January. And it might not have been alone; they found that it was possibly linked to the IoTroop or Reaper botnet. Three financial companies were hit by DDoS attacks on Jan. 28: […]

North Korea Threat Group Targeting Turkish Financial Orgs

Hidden Cobra, a threat group that the US government has linked to North Korea, appears to have turned its sights on financial institutions in Turkey. Security vendor McAfee reported finding malware associated with the group surfacing on systems belonging to three large financial organizations and at least two major government-controlled entities involved in finance and trade in […]

The Top 5 Financial Markets That Are Open To Attack

The threat of cyber attacks is something that no-one can ignore. As our reliance on technology has grown, so too has the scale and complexity of the risk posed online. Cyber security now has to be among the considerations for investors. When people pore over a forex calendar plotting their currency trades or scour financial news sites […]

Russian, Indian banks lose millions to hackers

The Russian central bank’s Financial Sector Computer Emergency Response Team (FinCERT) disclosed on Friday that hackers compromised a computer at a Russian bank and used the SWIFT system to transfer 339.5 million roubles (around $6 million) to accounts they controlled. No details about the heist have been shared, so we don’t know which bank has […]

Financial services firms most adept at making balanced security investments

Cyber attacks cost financial services firms more to address and contain than in any other industry, and the rate of breaches in the industry has tripled over the past five years, according to a study conducted by the Ponemon Institute. The report, Cost of Cyber Crime Study, examines the costs that organizations incur when responding to […]

DDoS mystery: Who’s behind this massive wave of attacks targeting Dutch banks?

There is as yet no indication of who is behind the massive distributed denial of service (DDoS) attacks on Netherlands banks and government websites that ran from last weekend to Tuesday. Initial reports suggesting a Russian connection appear baseless. The attacks began just a couple of days after media reports stated that Dutch intelligence tipped off […]

Japan punishes Coincheck after $530m cryptocurrency theft

Japan’s financial regulator has ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange, jolting the nation’s cryptocurrency market in one of the biggest cyber heists. The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling to regulate and the broader risks […]

9 Banking Trojans & Trends Costing Businesses in 2017

Banking Trojans have been a recurring theme in security news this year as criminals find new ways to steal money and data from their victims. It’s interesting to see banking Trojans resurface because of the resources they need to work. Unlike comparatively simple attacks like ransomware, banking malware requires several players and is difficult to […]

Russian-Speaking ‘MoneyTaker’ Group Helps Itself to Millions from US Banks

A Russian-speaking cybercrime group has stolen millions of dollars from more than 20 banks in the US and Russia since at least May 2016 and appears poised to strike financial institutions across Latin America next, Moscow-based Group-IB warned Monday. According to the security vendor, the so-called MoneyTaker group’s modus operandi has been to break into […]

69 Percent of Financial Services Organizations Do Not Rotate SSH Keys After Employees Leave

According to new research by Venafi, even though SSH keys provide the highest levels of administrative access, they are routinely untracked, unmanaged and poorly secured. For example, 69 percent of respondents from the financial services industry admit they do not actively rotate keys, even when an administrator leaves their organization. The survey said that this […]