Security News
The financially motivated FIN8 cybergang used a brand-new backdoor - dubbed Sardonic by the Bitdender researchers who first spotted it - in attempted breaches of networks belonging to two unidentified U.S. financial organizations. It's a nimble newcomer, researchers wrote: "The Sardonic backdoor is extremely potent and has a wide range of capabilities that help the threat actor leverage new malware on the fly without updating components," according to Bitdefender's report.
Chase Bank has admitted to the presence of a technical bug on its online banking website and app that allowed accidental leakage of customer banking information to other customers.New York City-based JPMorgan Chase Bank is a financial services giant with a $120 billion annual revenue and over 250,000 employees worldwide.
Cryptomathic and UTIMACO have unveiled a joint Qualified Electronic Signature solution with an advanced security model designed to accelerate digital transformation in banks, governments and other trusted service providers. "Stefan Auerbach, CEO, UTIMACO, comments:"We are delighted that Cryptomathic and UTIMACO continue to deliver fully approved eIDAS solutions to our clients.
The enterprise asset management space just got a bit more crowded with the launch of Sevco Security, an early-stage startup selling a "Cloud-native security asset intelligence platform." Sevco Security, based in Austin, Texas, has raised $15 million in Series A funding led by SYN Ventures.
Russian state hackers compromised Denmark's central bank and planted malware that gave them access to the network for more than half a year without being detected. The compromise came to light after technology publication Version2 obtained official documents from the Danish central bank through a freedom of information request.
An expert penetration tester working for the notorious cyber-crime gang FIN7 was sent down for seven years on Friday and told to cough up $2.5m for breaking into corporate computer systems. FIN7 injected malware into the networks of thousands of American food, hospitality, and gaming chains to steal customers' financial details.
Jeremiah Grossman's Bit Discovery has banked another $4 million in venture capital funding to compete in the crowded attack surface management space. Bit Discovery has raised a total of $6.6 million to build and sell an attack surface management tool to help security programs to identify and manage Internet-connected assets.
COVID-19's disruption has stretched risk management infrastructures to the brink, forcing banks to recalibrate their data, models and processes for stress testing, impact assessments, scenario analyses and more. A global risk management survey by SAS and Longitude examines how banks are adapting their risk frameworks in response.
Nuclear-armed North Korea is advancing on the front lines of cyberwarfare, analysts say, stealing billions of dollars and presenting a clearer and more present danger than its banned weapons programmes. Pyongyang is under multiple international sanctions over its atomic bomb and ballistic missile programmes, which have seen rapid progress under North Korean leader Kim Jong Un. But while the world's diplomatic focus has been on its nuclear ambitions, the North has been quietly and steadily building up its cyber capabilities, and analysts say its army of thousands of well-trained hackers are proving to be just as dangerous.
A former governor of the People's Bank of China has given a speech in which he suggested that China's Digital Yuan is not intended to increase China's influence over global financial systems. An unauthorised translation of the speech by Chinese journalist Zichen Wang reports that Zhou said China's digital currency "Is mainly targeted on the modernization of the domestic payment system, keeping pace with the digital economy and the Internet era, improving efficiency, and reducing costs, especially for the retail payment system".