The Middle East’s financial sector, particularly in Kuwait, faced a surge of sophisticated cyberattacks starting in 2018. For Gulf Bank, a leading financial institution in Kuwait, this wave of attacks was a wakeup call that spurred a pivotal shift in its cybersecurity strategy. Enter Ross McNaughton. Hired by Gulf Bank as CISO in 2019, McNaughton is known within the … [Read more...] about Gulf Bank Saves Time and Money with CrowdStrike
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European Bank Customers Targeted in SpyNote Android Trojan Campaign
Aug 01, 2023THNMobile Security / Malware Various European customers of different banks are being targeted by an Android banking trojan called SpyNote as part of an aggressive campaign detected in June and July 2023. "The spyware is distributed through email phishing or smishing campaigns and the fraudulent activities are executed with a combination of remote access trojan … [Read more...] about European Bank Customers Targeted in SpyNote Android Trojan Campaign
How to protect funds being stolen from bank cards with a chip and NFC
Payment services have become both more convenient and more secure over recent years — but cybercriminals are still managing to steal funds from cards all around the world. What are the most common methods used for such theft, and how can you counteract them? Card cloning When cards only stored information on a magnetic strip, it was quite easy for fraudsters to produce an exact … [Read more...] about How to protect funds being stolen from bank cards with a chip and NFC
Bank BRI mitigates cybercrime and financial risk with Elastic Security
Bank BRI is one of the largest banks in Indonesia and Southeast Asia, providing end-to-end financial solutions to more than 130 million customers. As part of its core mission, the bank has a particular focus on empowering microbusinesses and advancing the financial inclusiveness of the countries it serves.With such a wide range of customers and partners, Bank BRI has created an … [Read more...] about Bank BRI mitigates cybercrime and financial risk with Elastic Security
Hackers Target Bank Networks with new Rootkit to Steal Money from ATM Machines
A financially motivated threat actor has been observed deploying a previously unknown rootkit targeting Oracle Solaris systems with the goal of compromising Automatic Teller Machine (ATM) switching networks and carrying out unauthorized cash withdrawals at different banks using fraudulent cards. Threat intelligence and incident response firm Mandiant is tracking the cluster … [Read more...] about Hackers Target Bank Networks with new Rootkit to Steal Money from ATM Machines
Spanish Police Arrest SIM Swappers Who Stole Money from Victims Bank Accounts
Spain's National Police Agency, the Policía Nacional, said last week it dismantled an unnamed cybercriminal organization and arrested eight individuals in connection with a series of SIM swapping attacks that were carried out with the goal of financial fraud. The suspects of the crime ring masqueraded as trustworthy representatives of banks and other organizations and used … [Read more...] about Spanish Police Arrest SIM Swappers Who Stole Money from Victims Bank Accounts
European Central Bank Shuts Down ‘BIRD Portal’ After Getting Hacked
The European Central Bank (ECB) confirmed Thursday that it had been hit by a cyberattack that involved attackers injecting malware into one of its websites and potentially stealing contact information of its newsletter subscribers.Headquartered in Germany, the European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro and is … [Read more...] about European Central Bank Shuts Down ‘BIRD Portal’ After Getting Hacked