Banking and Finance


  • US Treasury sanctions three North Korean hacking groups

    September 13, 2019

    The US Department of the Treasury imposed sanctions today on three North Korean state-controlled hacking groups, which US authorities claim to have helped the Pyongyang regime raise funds for its weapons and missile programs. US officials cited three hacking groups whose names are well known to cyber-security experts — namely the Lazarus Group, Bluenoroff, and Andarial. Treasury ...

  • Europe’s Second-Largest Counterfeit Currency Network On The Dark Web Taken Down In Portugal

    September 9, 2019

    The Portuguese Judicial Police (Polícia Judiciária) dismantled Europe’s second-largest counterfeit currency network on the dark web with Europol’s support. Five individuals have been arrested and are accused of counterfeiting and organised crime. Counterfeit banknotes were seized across Europe, notably in France, Germany, Spain and Portugal, worth over € 1.3 million. Following the investigation, eight domestic and ...

  • German bank loses €1.5 million in mysterious cashout of EMV cards

    September 3, 2019

    Criminals have stolen more than €1.5 million ($1.65 million) from a German bank by cloning customer debit cards and then cashing out user funds across Brazil, despite the original cards being protected by EMV (chip-and-PIN) technology. The thefts happened last week and involved the customers of German bank Oldenburgische Landesbank (OLB). The incident caught the eye of ...

  • Russian Hacking Group Targeting Banks Worldwide With Evolving Tactics

    August 21, 2019

    Silence APT, a Russian-speaking cybercriminal group, known for targeting financial organizations primarily in former Soviet states and neighboring countries is now aggressively targeting banks in more than 30 countries across America, Europe, Africa, and Asia. Active since at least September 2016, Silence APT group’s most recent successful campaign was against Bangladesh-based Dutch-Bangla Bank, which lost over $3 ...