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US and Europe will block some Russian banks from SWIFT

The Verge

The letter, signed by the United States, UK, Canada, and European allies, lays out new measures to isolate Russia’s central bank, and announces a new trans-Atlantic task force to freeze the foreign assets of sanctioned individuals. used to authenticate payment instructions between banks. billion to $52 billion.

Banking 98
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Voice Cloning Conundrum: Navigating Deepfakes in Synthetic Media

SecureWorld News

Voice ID: Security measure under scrutiny The emergence of advanced voice cloning capabilities like OpenAI's Voice Engine calls into question the reliability of voice ID as a secure authentication method. Voice ID systems have become a staple in various security measures, from smartphone locks to secure banking verifications.

Media 76
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Trojan source code leak poised to spur new online banking attacks

Network World

The source code for a new Trojan program that targets banking services has been published online, offering an easy way for unskilled cybercriminals to launch potent malware attacks against users. To read this article in full or to leave a comment, please click here To read this article in full or to leave a comment, please click here

Banking 60
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SMS-based two-factor authentication may be headed out the door

Network World

SMS messaging for two-factor authentication might become a thing of the past. Its latest draft of its Digital Authentication Guideline, updated on Monday, warns that SMS messages can be intercepted or redirected, making them vulnerable to hacking. To read this article in full or to leave a comment, please click here

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The ultimate in convenient banking: make payments by thinking

Trends in the Living Networks

In my presentation at yesterday’s media launch of ANZ’s Banking on Australia program , I spoke about new ways of making payments using biometrics. Other work in the field includes Two-Stage Biometric Authentication Method Using Thought Activity Brain Waves and Biometric Authentication Using Brain Responses To Visual Stimuli.

Banking 156
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SWIFT asks its customers to help it end a string of high-profile banking frauds

Network World

Financial transaction network SWIFT called on its customers Friday to help it end a string of high-profile banking frauds perpetrated using its network. The SWIFT network itself is still secure, it insisted in a letter to banks and financial institutions. To read this article in full or to leave a comment, please click here

Banking 64
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Understanding the Essential Pillars of Phishing Mitigation

SecureWorld News

Grimes has worked in the cybersecurity industry for more than 30 years, authoring 13 books and more than 1,300 articles. These attackers have criminal intent, as they'll lure in victims by claiming to be a friend, family member, bank, or other well-known companies and websites. What is phishing?