Tag: financial services

The digital wallets of Chinese citizens are under attack thanks to a few bad apples. A recent string of cyberattacks in China utilized stolen Apple IDs to break into customers’ accounts and steal an undisclosed amount of money, according to a Bloomberg report. Almost immediately, Chinese e-transaction giants Tencent Holdings and Alipay warned their customers ...
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In Depression-era America, bank robbers John Dillinger, Baby Face Nelson, and Pretty Boy Floyd were household names. Newspapers detailed their heists, radios narrated their getaways, wanted posters plastered their mug-shot scowls from coast-to-coast. Every detail of their bank robberies and personal lives was seized upon, scrutinized, circulated, and discussed. Eight decades later, bank robbery is ...
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This blog was written with support and contributions provided by Asheer Maholtra, Jessica Saavedra Morales, and Thomas Roccia. McAfee Advanced Threat Research (ATR) analysts have discovered an aggressive Bitcoin-stealing phishing campaign by the international cybercrime group Lazarus that uses sophisticated malware with long-term impact. This new campaign, dubbed HaoBao, resumes Lazarus’ previous phishing emails, posed ...
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Point-of-sale malware can make its way into almost anything these days, from massive corporate systems to individual devices. The latest victim is Avanti Markets, a leading "micro market" vending company hit with malware that has stolen payment and possibly fingerprint data from self-service payment kiosks in various locations. The cybercriminals likely breached the kiosk provider’s ...
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As highlighted in the Verizon 2017 Data Breach Investigations Report, the financial services sector continues to be a target of cyberattacks. That said, the trend has also shifted to other verticals, such as healthcare with the recent WannaCry attack and other hospital data breaches. One hopes, as the report suggests, that banks’ significant investments have ...
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Financial institutions are under attack. As gatekeepers to consumers’ and enterprises’ most personal and private information, this industry serves as one of the most lucrative avenues for cybercriminals to pursue. In response, financial services organizations have developed unsustainable security infrastructures that are characterized by a huge proliferation of tools to address “the next big thing” ...
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This blog was written by Maneeza Malik. Digital transformation, the rise of mobile banking, ongoing migration of core banking services to the cloud and a shift towards an omni-banking model have all contributed to an overall wider threat landscape for financial institutions to monitor and manage. This is further exacerbated by the fact that financial institutions ...
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