The highly active, North Korea-linked Lazarus Group is targeting unpatched Microsoft Internet Information Services servers to escalate privileges and distribute malware. Researchers spotted the group using watering hole techniques to fool victims in South Korea.
It used to be a stray printer on a network, but today shadow IT comes in all shapes and sizes - and poses serious security threats. Jeff Keating and Jaineesh Davda of FormAssembly discuss how to manage shadow IT and protect your critical data.
Fraudsters are always looking for new ways to shift funds from their schemes into their accounts—that’s where mules come in. Until now, there’s never been a real-time solution for detecting money mule activity. Download this comprehensive guide to uncover the strategies for detecting mule-related accounts,...
Now that the long-awaited FedNow faster-payment program is operating, experts debate whether U.S. financial institutions will embrace the payment ecosystem and whether the Federal Reserve and the banking industry can overcome implementation challenges and mitigate cybersecurity and fraud issues.
A U.S. couple is set to file a plea deal for their role in laundering $4.5 billion in cryptocurrency from the Bitfinex virtual currency exchange in 2016. Federal prosecutors say they moved crypto to hide their tracks, withdrew it from ATMs and used gift cards to spend the money.
FedNow, the Federal Reserve's first instant payment service, officially launched on Thursday. FedNow so far has 35 banks and credit unions and 16 service providers certified to use the service, including community banks and large lenders such as JPMorgan Chase and Bank of New York Mellon.
Days after attributing the recent breach in its customer environment, enterprise software company JumpCloud on Thursday confirmed the involvement of a North Korean nation-state actor who appears to be financially motivated to steal cryptocurrency.
Between July 14 and 20, senators introduced a bill to address DeFi risk, Nasdaq held back crypto custody plans, DeFi hackers laundered lesser amounts of stolen funds in the first half of this year than in H1 2022, and an Australian bank blocked payments to high-risk crypto exchanges.
Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
In the post-digital transformation world - and in advance of the coming of quantum computing - it's time to future-proof cybersecurity by nurturing a culture of security. Dean Coclin of DigiCert discusses how banking institutions can embrace this change.
In this interview with Information Security Media Group,...
Cryptocurrency hackers are shifting their focus from bitcoin to other tokens and newer blockchain services such as cross-chain bridges for illicit activity. Why is the oldest crypto token so unappealing to hackers these days, and what do other options offer? Ari Redbord of TRM Labs explained.
In the latest weekly update, ISMG editors discuss the complex task of phasing out magnetic stripe payment cards and why the United States lags behind, the great debate over best of breed vs. a single platform vendor approach, and AI insights from Palo Alto CIO Meerah Rajavel.
As FIs try to enhance their fight against fraud and money laundering, enterprise banks have embraced AI and machine learning more and more within the financial crime prevention space. But now mid-sized to small banks are also adopting this technology as a part of their digital transformation.
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With the launch of FedNow, and high customer demand, mid-sized and small FIs can compete in a heated RTP market by offering innovative instant payment solutions. But success as an innovator hinges on mitigating potential challenges and safeguarding instant payments from sophisticated fraud threats.
In this eBook,...
Transaction monitoring must keep up with the multiple and fast-moving risks of today’s world. In addition to the many typologies by which criminals push illicit funds through the financial system, financial institutions are challenged to effectively counter the myriad of risks around black swan events, ESG crimes,...
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