Banking and Finance


  • Data-Wiping Cyberattacks Plague Financial Firms

    March 6, 2019

    Over a quarter of surveyed financial institutions reported that they were targeted by destructive cyberattacks over the past year, bent on completely destroying data. That’s according to a new Carbon Black report unveiled at RSA this year. The report, “Modern Bank Heists: The Bank Robbery Shifts to Cyberspace,” outlines the top attacks that financial firms are facing ...

  • Retail industry endures new point-of-sale cybercrime spree

    March 1, 2019

    Researchers have uncovered an ongoing campaign against retail VMWare Horizon Point-of-Sale (PoS) thin clients. The new attack wave, which has taken place over the past eight to ten weeks, is attempting to spread Cobalt Strike, a legitimate penetration testing tool which has also, unfortunately, been adopted in recent years by threat actors. According to researchers from Morphisec, Cobalt Strike — ...

  • Banks Under Attack: Tactics and Techniques Used to Target Financial Organizations

    February 8, 2019

    US$100 – 300 billion: That’s the estimated losses that financial institutions can potentially incur annually from cyberattacks. Despite the staggering amount, it’s unsurprising — over the past three years, several banks suffered $87 million in combined losses from attacks that compromised their SWIFT (Society for Worldwide Interbank Financial Telecommunication)infrastructures. That’s just the tip of the iceberg: A ...

  • Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions

    February 8, 2019

    A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money laundering contacts at credit unions, and many credit union sources say they suspect the non-public data may have been somehow obtained from the National Credit Union Administration (NCUA), ...