Banking and Finance


  • South African bank to replace 12m cards after employees stole master key

    June 15, 2020

    Postbank, the banking division of South Africa’s Post Office, has lost more than $3.2 million from fraudulent transactions and will now have to replace more than 12 million cards for its customers after employees printed and then stole its master key. The Sunday Times of South Africa, the local news outlet that broke the story, said the ...

  • Additional ATMs blown up in Philadelphia as police release video of suspects

    June 4, 2020

    Philadelphia police released new video Thursday of three suspects blowing up an ATM at a restaurant after warning a customer to leave. The suspects can be seen on video in the lobby of New Far East Palace Restaurant on Ruscomb Street in the city’s Logan section. It all started Tuesday night just before 11 p.m. Police said one ...

  • Four agencies warn banks and customers of COVID-19 scams

    May 22, 2020

    Four federal agencies issued a joint alert May 21 warning that cybercriminals and other adversaries are using coronavirus-related lures to scam taxpayers and attempt to disrupt operations of institutions responding to the ongoing pandemic. The alert, sent out by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, the Internal Revenue Service, the Department of ...

  • COVID-19 blamed for 238% surge in cyberattacks against banks

    May 14, 2020

    The coronavirus pandemic has been connected to a 238% surge in cyberattacks against banks, new research claims. On Thursday, VMware Carbon Black released the third edition of the Modern Bank Heists report, which says that financial organizations experienced a massive uptick in cyberattack attempts between February and April this year — the same months in which COVID-19 began to spread ...

  • South Lebanon Banks Attacked with Explosives

    April 27, 2020

    The Lebanese army and security forces are investigating two attacks on banks in South Lebanon, after an explosive device detonated near a branch and a Molotov cocktail was tossed at an ATM. Security sources told Asharq Al-Awsat that investigators were probing the two attacks. Banks have been previously the target of attacks, which often involved political messages, ...

  • A look at the ATM/PoS malware landscape from 2017-2019

    April 23, 2020

    From remote administration and jackpotting, to malware sold on the Darknet, attacks against ATMs have a long and storied history.  And, much like other areas of cybercrime, attackers only refine and grow their skillset for infecting ATM systems from year-to-year. So what does the ATM landscape look like as of 2020? Let’s take a look. ATM attacks aren’t ...

  • Overlay Malware Leverages Chrome Browser, Targets Banks and Heads to Spain

    April 14, 2020

    Researchers are warning of a remote overlay malware attack that leverages a fake Chrome browser plugin to target the accounts of banking customers in Spain. Grandoreiro is a type of remote overlay banking trojan, designed to help attackers overtake devices and display a full-screen overlay image when victim accesses their online banking account. In the background, meanwhile, the ...

  • Travelex Pays $2.3M in Bitcoin to Hackers Who Hijacked Network in January

    April 10, 2020

    Travelex has paid out $2.3 million in Bitcoin to hackers to regain access to its global network after a malware attack at the new year knocked the global currency exchange offline and crippled its business during the month of January. The move—reported by the Wall Street Journal—may seem counterintuitive, as experts in the past have typically recommended that companies ...

  • FIN6 and TrickBot Combine Forces in ‘Anchor’ Attacks

    April 7, 2020

    Researchers say, two cybercriminal groups, FIN6 and the operators of the TrickBot malware, have paired up together to target several organizations with TrickBot’s malware framework called “Anchor.” The two threat groups joining forces is a “new and dangerous twist” in an existing trend of cybercrime groups working together, say researchers with IBM X-Force. The FIN6 group (also known as “ITG08”) has ...

  • Cyprus: Thieves use explosives to rob ATM in Limassol

    April 7, 2020

    Thieves damaged an ATM with an explosive device in Ayia Fyla, Limassol and got away with a sum of money early on Tuesday. The perpetrators broke the side window of the bank to gain access at 3.20am. First investigations suggest they were two people who left on a motorbike. Police are looking into the possibility the thieves are ...

  • UK: Bomb squad and police called to Tesco supermarket in Farnworth

    April 5, 2020

    A bomb disposal squad and police were called to a supermarket in Farnworth after a suspected explosives attack. Members of the Army’s Royal Logistic Corps’ Bomb Disposal unit were called to the Tesco superstore in Long Causeway at around 9.30am yesterday morning. A heavy police presence was also reported as crime scene investigators and other ...

  • Australian banks targeted by DDoS extortionists

    February 25, 2020

    Banks and other organizations from the Australian financial sector have been the targets of an extensive extortion campaign over the past week. A threat group has been emailing victims with threats to carry out distributed denial of service (DDoS) attacks unless the organizations pay hefty ransom fees in the Monero (XMR) cryptocurrency. Read more… Source: ZDNet  

  • Britain’s biggest high street banks affected by Travelex cyber attack

    January 9, 2020

    Britain’s biggest high street banks have been left unable to process foreign currency orders following the cyber attack on Travelex, which provides services for them. Royal Bank of Scotland, Lloyds Banking Group, Barclays and HSBC are among more than a dozen major banks having problems after the New Year’s Eve ransomware attack. While customers are still being ...

  • UK government investigates possible cyberattack link to London Stock exchange outage

    January 6, 2020

    The UK government is reexamining the London Stock Exchange outage to ascertain whether or not a cyberattack, rather than a software glitch, was the cause. The LSE’s outage occurred on August 16, 2019. A “software glitch” was blamed in which Friday early-morning traders were left unable to buy or sell shares for over an hour and a half. Both ...

  • Travelex UK Website Still Down After Cyberattack

    January 3, 2020

    The British website of foreign currency seller Travelex remains offline as of Friday 3 January, after being taken down following a cyber-attack on Monday 30 December (New Years Eve). The good news is that an investigation has shown there is no indication the virus has compromised any personal or customer data. But the fact that nearly a ...

  • International law enforcement operation exposes the world’s most harmful cyber crime group

    December 5, 2019

    A Russian national who runs Evil Corp has been indicted in the United States following unprecedented collaboration between the NCA, the FBI and the National Cyber Security Centre. A Russian national who runs Evil Corp – the world’s most harmful cyber crime group that created and deployed malware causing financial losses totalling hundreds of millions of ...

  • 228 Arrests And Over 3800 Money Mules Identified In Global Action Against Money Laundering

    December 4, 2019

    Law enforcement authorities from 31 countries, supported by Europol, Eurojust and the European Banking Federation (EBF), have stepped up their efforts to crack down on money mule schemes that rope in victims often unaware that the money they are sending is part of an elaborated money laundering scheme. The fifth European Money Mule Action (EMMA 5) took place between September – November 2019, ...

  • Cayman National Bank IOM suffers data hack

    November 20, 2019

    A criminal hacking group has claimed responsibility for the data theft. It claims to have published 2TB of confidential data. A criminal investigation is ongoing and Cayman National is co-operating with law enforcement authorities, including Isle of Man Constabulary, to identify the perpetrators of the data theft. Cayman National Bank (Isle of Man) Limited is a subsidiary ...

  • Cybercriminals Impersonate Russian APT ‘Fancy Bear’ to Launch DDoS Attacks

    October 28, 2019

    Cybercriminals posing as the Russian APT group Fancy Bear have been launching DDoS attacks against companies in the financial sector and demanding ransom payments, according to a new report. The large-scale, multi-vector DDoS attacks come with accompanying ransom letter. They started about a week ago against financial companies mainly located in Singapore, South Africa, and some ...

  • UniCredit Suffers Third Breach Despite Investing Billions in Cybersecurity

    October 28, 2019

    Despite investing 2.4 billion euros since 2016 to upgrade its cybersecurity profile, Italian banking institution UniCredit has suffered its third recent data breach, this time impacting 3 million customers. The company said in a short data breach announcement on its website that names, telephone numbers, email addresses and cities where clients were registered were exposed via unauthorized access ...