New Android banking malware disguises as crypto app to spread

Tech Republic Security

A new banking Trojan dubbed "Malibot" pretends to be a cryptomining application to spread between Android phones. The post New Android banking malware disguises as crypto app to spread appeared first on TechRepublic. Android Security

Report: New banking trojans rise 80% each year

Venture Beast

These trojans target mobile banking on smart phones to steal personal credentials, messages with one-time passwords, and credit card info. Read More.

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Financial Conduct Authority concerned about cyber security of banks

Computer Weekly

The FCA expresses concern about the cyber security of banks after 9,000 Tesco Bank customers lost £2.5m in fraudulent transactions

Lloyds Bank launches technologies to improve and secure customer services

Computer Weekly

Lloyds Bank is investing in the latest technologies to provide customers with convenient and secure banking services

Your Team's Pragmatic Guide to Security

Speaker: Naresh Soni, CTO, Tsunami XR

The pandemic has led to new data vulnerabilities, and therefore new cybersecurity threats. As technology leaders, it's time to rethink some of your product security strategies. Whether you need to rework your security architecture, improve performance, and/or deal with new threats, this webinar has you covered.

U.S. banks deploy visual AI tools to monitor customers and workers

Venture Beast

banks have started deploying camera software that can analyze customer preferences and monitor workers. AI Cloud Enterprise Security VB Home Page banks category-/Computers & Electronics/Computer Security JP Morgan ChaseSeveral U.S.

The Rise of Crypto: Banks Edge Closer to Ethereum 2.0 Staking

CTOvision

staking could be the future of secure banking in the world on Coin Desk : Banks could one day be key participants in Ethereum 2.0. Read Ian Allison explain how Ethereum 2.0

Lax perimeter security exposes bank to hacker extortion attempt

Computer Weekly

Failure to follow standard network security best practice has exposed a Californian investment bank to cyber criminals’ demands

Consumers trust banks more than government for biometric security

Computer Weekly

UK citizens think banks are the best organisations to provide biometric authentication for payments

Ukraine defense ministry, banks hit by cyberattacks

Venture Beast

Cyberattacks against a Ukraine Defense Ministry website and two banks in the country were reported, though Russia hasn't been blamed so far. Business Security category-/Law & Government/Public Safety/Law Enforcement category-/Sensitive Subjects cyberattacks russia Ukraine

Cyber security scare stories could sharpen focus at banks

Computer Weekly

There are continual cyber attacks on banks, and although most are repelled, there is significant room for improvement

How FDX standards are paving the way for open banking in North America (VB Live)

Venture Beast

Join this VB Live event to learn how open API standards are driving innovation, improving transparency, and ensuring data security. Read More.

Tesco Bank theft shows need to take cyber security more seriously

Computer Weekly

Tesco Bank compromise should act as a wake up call to UK businesses to take cyber security more seriously, say security experts

Dutch banks and ISPs behind in domain security

Computer Weekly

Dutch banks are falling behind organisations in other sectors when it comes to securing domains

How banks and banking customers can protect themselves against financial crimes

Tech Republic Security

Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai

'Bizarro,' a New Banking Trojan, Is Sweeping Through Europe

GizModo VR

It’s a new banking trojan currently sweeping through Europe and large parts of South America, attempting to pilfer consumer financial information and mobile crypto wallets as it goes. Meet “Bizarro.”

Escobar mobile malware targets 190 banking and financial apps, steals 2FA codes

Tech Republic Security

The post Escobar mobile malware targets 190 banking and financial apps, steals 2FA codes appeared first on TechRepublic. Android SecurityA new Android mobile malware dubbed Escobar has hit the cybercrime underground market.

Open banking is big. Here’s why open finance is bigger.

Venture Beast

Commerce Consumer Dev Enterprise Entrepreneur Mobile Security VB Home Page category-/Business & Industrial/Business Finance category-/Finance Envestnet | Yodlee open banking open finance PSD2

CIOs Help Banks Prepare For The End Of The World

The Accidental Successful CIO

CIOs at banks have a great deal to worry about. As though this wasn’t bad enough, every bank is connected to every other bank. What this means is that if something bad happened to a connected bank, then your bank could also suffer. In order to prevent doomsday scenarios like this from happening, the people in the bank CIO position have come up with a plan. Preparing For The End Of The World In Banking. In the past the banks had counted on the U.S.

How Banks Use Facial Recognition to Secure the Customer Journey

HID Global

How Banks Use Facial Recognition to Secure the Customer Journey. rfournier. Tue, 02/22/2022 - 11:04

Making Banking Services More Accessible — and Secure

HID Global

Making Banking Services More Accessible — and Secure. tseeley. Mon, 08/16/2021 - 11:35

It's time for banks to rethink how they secure customer information

Tech Republic Security

Jack Wallen thinks banks and credit card companies need to start considering radical ideas to increase their security. In fact, he goes so far as to share such an idea

Credential phishing attack impersonates Bank of America

Tech Republic Security

The phishing email leads recipients to a phony BOA landing page in an attempt to steal their banking credentials, according to Armorblox

Banks Using AI Are Ripe for Russian Sabotage: Report

GizModo VR

Banks and other financial institutions utilizing artificial intelligence may be uniquely susceptible to retaliatory Russian cyberattacks as taxing international sanctions worsen, experts warn.

H2O.ai secures $100M, lands partnership with Australian bank

Venture Beast

H2O.ai, an AI development platform, has raised a fresh $100 million, bringing its total to over $250 million at a $1.6 billion valuation. Read More.

Bank of England warns of potential risks from cloud data providers

Venture Beast

The Bank of England is considering stronger controls on cloud providers and technology firms to manage possible third-party risks. Read More.

Hackers Breach 400,000 UniCredit Bank Accounts for Data

Data Center Knowledge

Cyberattacks on corporations and banks are accelerating. SecurityRead More.

FBI warns about cybercriminals exploiting mobile banking apps

Tech Republic Security

With increased use, phony apps and banking trojans will try to steal account credentials, according to the FBI

Banks Can Now Hold Cryptocurrencies, As a Treat

GizModo VR

Comptroller of the Currency, the federal group responsible for the security of the banking system, banks are now allowed to hold cryptocurrencies. banks cryptocurrencies bitcoinAccording to a public letter from the U.S.

Strengthening Security in Your Bank Starts With Your Employees

HID Global

Strengthening Security in Your Bank Starts With Your Employees. mmacritchie. Tue, 12/07/2021 - 11:03

CIOs Want To Know: How Secure Is Your Mobile Phone?

The Accidental Successful CIO

What should you be doing as CIO to keep your people and your company secure? Once this has been done, the bad guys can then trick banks and other companies into resetting the phone owner’s password by having them send the password reset to the new phone.

Mobile 207

Russian banks hit by IoT-enabled DDoS attacks

Computer Weekly

DDoS attacks on Russian banks have been linked to IoT botnets, further confirming this worrying trend and highlighting the need for IoT suppliers to improve security capabilties

Phishing attacks target Chase Bank customers

Tech Republic Security

Two email campaigns discovered by Armorblox impersonated Chase in an attempt to steal login credentials

Android malware infected more than 300,000 devices with banking trojans

Tech Republic Security

The initial apps in Google Play were safe, but the creators found a way around the Play Store's protections to install malware on Android users' devices. Here's how it happened and how to stay safe

JPMorgan says Tesla owes the bank $162 million

The Verge

JPMorgan has sued Tesla, claiming that the electric car company owes the bank $162 million related to a 2014 stock warrant agreement. If something like that were to come along, the bank and the automaker were able to agree on a new strike price for the warrants. Funding secured.”

How Facial Recognition Solves Banking’s Convenience vs. Security Dilemma

HID Global

How Facial Recognition Solves Banking’s Convenience vs. Security Dilemma. vfabbrizio. Tue, 10/19/2021 - 08:42

Phishing campaigns against Chase Bank customers are on the rise

Tech Republic Security

Throughout the summer of 2021, the number of phishing URLs designed to impersonate Chase jumped by 300%, says security firm Cyren

Websites of Australia's Banks, Airlines, and Post Office Are All Down

GizModo VR

Australia’s major banks, airlines, and post office are all experiencing website outages that started Thursday afternoon local time, 12:30 a.m. ET, according to multiple reports from news outlets down under. Read more.

Barclays Bank stops offering Kaspersky software to new users

Computer Weekly

Bank is no longer offering customers Kaspersky anti-virus software after UK security agency issues warning

How Finance Innovators Deliver a Secure, Seamless Mobile Banking Experience

HID Global

How Finance Innovators Deliver a Secure, Seamless Mobile Banking Experience. bvandenberg. Wed, 09/22/2021 - 12:53

Popular mobile banking apps are riddled with security flaws, and Android users are more at risk

Tech Republic Security

A study of banking apps for iOS and Android found poor source code protection, cleartext storage of sensitive data, and other serious flaws that make it easy for attackers to break into accounts

Study 127

Welcome to the Future of Banking: Secure, Customer-First Experiences With Facial Recognition

HID Global

Welcome to the Future of Banking: Secure, Customer-First Experiences With Facial Recognition. vito.fabbrizio…. Tue, 04/12/2022 - 09:09

Making Security Personal: Warn End Users About New Bank App Alert

SecureWorld News

If you help an employee secure the personal accounts of their family and friends, good cyber practices can become a relevant concern that they learn to take seriously. Department of Justice alert: rogue banking apps and trojans. An estimated 75% of Americans used mobile banking in 2019.