Information security and fraud departments at financial institutions need to improve their collaboration to help fight multichannel cyberattacks, say John Buzzard and Paul Love of CO-OP Financial Services.
Police in Europe have arrested 17 suspects as part of an EU-wide investigation into ATM black box attacks, Europol says. These "jackpotting" or "cash-out" attacks use rogue hardware to trick ATMs into dispensing all of their cash on demand.
As computer security analysts begin to unwind the mystery behind the global wave of WannaCry ransomware, a familiar name has surfaced: Lazarus, the nickname for a suspected elite North Korean hacking group.
With the rise of digital banking, a transformation is taking place with financial institutions offering new, more convenient digital channels and services. This digital transformation is changing how customers interact with banks. Gone are the days of supporting simple online conveniences, many customers are seeking...
The Department of Homeland Security is warning IT service providers, healthcare organizations and three other business sectors about a sophisticated cyberattack campaign that involves using stolen administrative credentials and implanting malware on critical systems.
Hackers have reportedly exploited the SS7 mobile telecommunications signaling protocol to drain money from online bank accounts used by O2 mobile phone subscribers. Despite rising security worries relating to SS7, many telcos have yet to explore related fixes.
As fraudsters continue to improve their email spoofing with better socially engineered schemes, business email compromise attacks will become more successful, says Denyette DePierro of the American Bankers Association, who discusses how banks can help customers avoid becoming victimized.
Score another one for social engineering: A phishing campaign used a bogus "Google Docs" app to trick people into surrendering full access to their Google accounts and contacts. Before Google squashed the campaign, up to 1 million of its users may have fallen victim.
Travel industry software giant Sabre has alerted hotels that its software-as-a-service SynXis Central Reservations system - used by more than 36,000 properties - was breached and payment card data and customers' personal details may have been stolen.
Banks often choose usability over security in their app design. They are driven to make their apps more consumer-friendly, and this often comes at the expense of building a more secure app. The result is that hackers and cyber-criminals are flocking to mobile banking apps because of their target-rich...
An analysis on why small businesses are increasingly being targeted by hackers leads the latest edition of the ISMG Security Report. Also, potential medical device hacks pose risk to patients, and payment fraud evolves as the threat landscape intensifies.
All ML technology isn't created equal. Learn how the CrowdStrike® ML-based Engine Defends Against Unknown Malware. While many organizations are guarding the front door with yesterday's signature-based antivirus (AV) solutions, today's unknown malware walks out the back door with all their data. What's the answer?
The frequency of "mega breaches" continues to rise at an alarming rate. In fact, crippling incidents involving tens of millions of customer records, theft of highly valuable intellectual property, and related criminal activity have become commonplace.
This report asserts that many such breaches could be prevented...