The importance of cybersecurity has touched almost every industry. Beyond that, robust cybersecurity is table stakes for several sectors, particularly health care and the banking and finance industry. Not only is financial data at risk, but so is customer trust. In banking and finance, trust means everything.  Yet, consumers are hesitant to share their

Every year, the IBM Security X-Force team of cybersecurity experts mines billions of data points to reveal today’s most urgent security statistics and trends. This year’s X-Force Threat Intelligence Index 2022 digs into attack types, infection vectors, top threat actors, malware trends and industry-specific insights.  This year, a new indus

FBI issued an alert earlier this month detailing a new way scammers have been successfully swindling victims in the USA. The criminals use social engineering to trick victims into thinking that they are transferring funds to themselves. Bad actors initially approach the potential victims via text messages and then continue the interaction via phone. The enga

!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years included rans

A massive social engineering campaign targeting banks has been delivered in the last two years in several countries. A massive social engineering campaign has been delivered in the last two years in several countries, including Portugal, Spain, Brazil, Mexico, Chile, the UK, and France. According to Segurança Informática publication, the malicious waves h

A new version of the BRATA malware implements a functionality to perform a factory reset of the device to wipe all data. The new version of the BRATA Android malware supports new features, including GPS tracking and a functionality to perform a factory reset on the device. Security experts at Kaspersky discovered the Android RAT BRATA (the name comes

Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile banking malware, we delved into the BrazKing malware’s inner workings following a sample found by MalwareHunterTeam. BrazKing is an Android banki

As each year passes, cybersecurity becomes more important for businesses and agencies of every size, in nearly every industry. In 2020, ransomware cases grew by 150%, and every 39 seconds, a new attack is launched somewhere on the web. A data breach also causes rising costs in banking and finance. What Happens in a Banking and Finance Data Breach? Data brea

US banks are giving the green light to the adoption of facial recognition technology, while authorities provide regulations and updates guidelines Many among the US biggest banks are trying their luck with facial recognition technology.The FTC issues a new set of guidelines about the use of Artificial Intelligence.The European Union’s stance on face

Bizarro is a new sophisticated Brazilian banking trojan that is targeting customers of tens of banks in Europe and South America. Researchers from Kaspersky have spotted a new sophisticated Brazilian banking trojan dubbed Bizarro that is targeting customers of tens of 70 banks in Europe and South America. Bizarro banking Trojan allows to capture online

Experts warn that cybercriminals are targeting Indonesia’s major banks posing as bank representatives or customer support team members on Twitter. Group-IB, a global threat hunting and adversary-centric cyber intelligence company, warns of an ongoing fraudulent campaign targeting Indonesia’s largest banks that cybercriminals run on social media with the u

Last week, we looked at a Royal Mail themed scam which has very quickly become the weapon of choice for phishers. It’s pretty much everywhere at this point. Even one of my relatives with a semi-mystical ability to never experience a scam ever, received a fake SMS at the weekend. The problem with common attacks is we grow complacent, or assume it isn’t rea

Avast researchers reported that the infamous Ursnif Trojan was employed in attacks against at least 100 banks in Italy. Avast experts recently obtained information on possible victims of Ursnif malware that confirms the interest of malware operators in targeting Italian banks. Operators behind this attacks have stolen financial data and credential from

Experts discovered a new Bluetooth overlay skimmer that interferes with the ability of the terminal to read chip-based cards, forcing the use of the stripe. The popular investigator Brian Krebs reported the discovery of a new Bluetooth overlay skimmer that interfered with the terminal’s ability to read chip-based cards, forcing the use of the magnetic str

Experts spotted a new credential stealer written in AutoHotkey (AHK) scripting language that is targeting the US and Canadian bank customers. Security experts from Trend Micro have discovered a new credential stealer written in AutoHotkey (AHK) scripting language that is targeting the US and Canadian bank customers as part of an ongoing campaign that has