Digital transformation is expanding the attack surface in financial services. Throughout the pandemic, the accelerated adoption of digital banking, payments, and insurance channels has enabled providers to offer greater levels of service, new financial products, and enhanced journeys to their customers.However, with growing amounts of data and increasingly complex IT … [Read more...] about Leading financial institutions hedge risk by focusing on these 5 critical SIEM requirements
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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
A Stealthy Linux Malware Targeting Latin American Financial Sector
Cybersecurity researchers have taken the wraps off what they call a "nearly-impossible-to-detect" Linux malware that could be weaponized to backdoor infected systems. Dubbed Symbiote by threat intelligence firms BlackBerry and Intezer, the stealthy malware is so named for its ability to conceal itself within running processes and network traffic and drain a victim's resources … [Read more...] about A Stealthy Linux Malware Targeting Latin American Financial Sector
10 Most Prolific Banking Trojans Targeting Hundreds of Financial Apps with Over a Billion Users
10 of the most prolific mobile banking trojans have set their eyes on 639 financial applications that are available on the Google Play Store and have been cumulatively downloaded over 1.01 billion times. Some of the most targeted apps include Walmart-backed PhonePe, Binance, Cash App, Garanti BBVA Mobile, La Banque Postale, Ma Banque, Caf - Mon Compte, Postepay, and BBVA … [Read more...] about 10 Most Prolific Banking Trojans Targeting Hundreds of Financial Apps with Over a Billion Users
Financial Motivation Drives Golang Malware Adoption
Golang malware popularity snowballs, increasing by 80% from June to August 2021 eCrime turns to Golang because of its versatility, enabling cross-compiling for other operating systems Cryptocurrency miners earn the largest share of total Golang malware — 70% in August compared to 54% in June 2021 CrowdStrike researchers uncovered an 80% increase in Golang (Go)-written malware … [Read more...] about Financial Motivation Drives Golang Malware Adoption
Insurance Firm CNA Financial Reportedly Paid Hackers $40 Million in Ransom
U.S. insurance giant CNA Financial reportedly paid $40 million to a ransomware gang to recover access to its systems following an attack in March, making it one the most expensive ransoms paid to date. The development was first reported by Bloomberg, citing "people with knowledge of the attack." The adversary that staged the intrusion is said to have allegedly demanded $60 … [Read more...] about Insurance Firm CNA Financial Reportedly Paid Hackers $40 Million in Ransom
APT ‘Hackers For Hire’ Target Financial, Entertainment Firms
A hackers-for-hire operation has been discovered using a strain of previously undocumented malware to target South Asian financial institutions and global entertainment companies. Dubbed "CostaRicto" by Blackberry researchers, the campaign appears to be the handiwork of APT mercenaries who possess bespoke malware tooling and complex VPN proxy and SSH tunneling … [Read more...] about APT ‘Hackers For Hire’ Target Financial, Entertainment Firms
Watch Out! New Android Banking Trojan Steals From 112 Financial Apps
Four months after security researchers uncovered a "Tetrade" of four Brazilian banking Trojans targeting financial institutions in Brazil, Latin America, and Europe, new findings show that the criminals behind the operation have expanded their tactics to infect mobile devices with spyware. According to Kaspersky's Global Research and Analysis Team (GReAT), the Brazil-based … [Read more...] about Watch Out! New Android Banking Trojan Steals From 112 Financial Apps
Evilnum hackers targeting financial firms with a new Python-based RAT
An adversary known for targeting the fintech sector at least since 2018 has switched up its tactics to include a new Python-based remote access Trojan (RAT) that can steal passwords, documents, browser cookies, email credentials, and other sensitive information.In an analysis published by Cybereason researchers yesterday, the Evilnum group has not only tweaked its infection … [Read more...] about Evilnum hackers targeting financial firms with a new Python-based RAT