Banking and Finance


  • 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 ...