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The generative AI revolution is transforming how banks work

CIO Business Intelligence

The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation

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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. The malware has been active since 2023, specifically targeting victims in Vietnam and Thailand.

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Cybercriminals are using developing nations as test beds for ransomware attacks

TechSpot

Attacks have been observed on a bank in Senegal, a financial services company in Chile, a tax firm in Colombia, and a government economic agency in Argentina using strains of malware that were later used in Europe and North America, writes cybersecurity firm Performanta (via Ars Technica). Read Entire Article

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Email malware targets U.S. senator and military

Tech Republic Security

The cybercriminals behind the powerful banking malware have turned their attention to government targets like Sen. Cory Booker.

Malware 176
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'Wiper' Malware Discovered on Ukrainian Devices as Bank Websites Suffer Cyberattacks

Gizmodo

As an ongoing political crisis continues to roil Ukraine, the nation’s banks and government agencies have been struck with disruptive cyberattacks for the second time in two weeks. Read more.

Banking 98
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Justice Department has charged a Latvian woman it says helped develop Trickbot malware

The Verge

The US Department of Justice has charged a Latvian woman for her role in allegedly developing the Trickbot malware, which was responsible for infecting millions of computers, targeting schools, hospitals, public utilities, and governments, the agency said in a news release. Illustration by Alex Castro / The Verge.

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'Fileless malware' attacks, used on banks, have been around for years

Network World

Fileless malware attacks, which were recently discovered in the networks of at least 140 banks, telecoms and governments, account for about 15% of known attacks today and have been around for years in different forms. A recent discovery of fileless malware was reported on Wednesday by researchers at Moscow-based Kaspersky Labs.

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