Security News
The Bank of England and HM Treasury have formed a Taskforce to "Coordinate the exploration of a potential UK Central Bank Digital Currency". A Bank of England announcement quickly points out that no decision has been taken to greenlight Britcoin and omits any mention of why the time is right to ponder a digital currency.
About 204 different "Fleeceware" applications with a combined billion+ downloads have raked in more than $400 million in revenue so far, via the Apple App Store and Google Play, analysis has revealed. Fleeceware apps generally offer users a free trial to "Test" the app, before commencing automatic payments that can be exorbitant.
To unclog the network, the bank took the drastic step of blocking all traffic from China. News of the attack is surfacing just as the bank's new president, Mauricio Claver-Carone, seeks to leverage his hawkish views on China from his time in the Trump administration to outmaneuver those in Washington and beyond still fuming over his politically charged election last year.
Chile's Comisión para el Mercado Financiero has disclosed that their Microsoft Exchange server was compromised through the recently disclosed ProxyLogon vulnerabilities. "The analyzes carried out by the information security and technology area of the CMF, together with external specialized support, have so far dismissed the presence of a ransomware and indicate that the incident would be limited to the Microsoft Exchange platform," disclosed the Comisión para el Mercado Financiero.
Network and asset discovery provider Rumble this week announced that it has raised $5 million in VC funding. Founded by H.D. Moore, who is best known for creating Metasploit and who also started Rapid7's Project Sonar, Rumble officially launched in October 2019, after a six-month beta period.
Today its technologies enable Axis Bank's wearables as a stylish and secure contactless way of payment. Thales has managed to condense the technology of a contactless payment card into a tiny piece of secure payment technology - Thales Gemalto FlexiTag - that can be invisibly integrated into a vast range of wearable shapes and sizes.
A US hacker collective on Tuesday claimed to have tapped into footage from 150,000 security cameras at banks, jails, schools, carmaker Tesla and other sites to expose "The surveillance state." Images captured from hacked surveillance video were posted on Twitter with an #OperationPanopticon hashtag.
Hackers gained access to live surveillance cameras installed at Tesla, Equinox, healthcare clinics, jails, and banks, including the Bank of Utah. In addition to images captured from the cameras, the hacker also shared screenshots of their ability to gain root shell access to the surveillance systems used by Cloudflare and at Telsa HQ. According to Tillie Kottmann, a reverse engineer for the group of hackers, they gained access to these surveillance systems using a super admin account for Verkada, a surveillance company who works with all of these organizations.
US bank and mortgage lender Flagstar has disclosed a data breach after the Clop ransomware gang hacked their Accellion file transfer server in January. On Friday, Flagstar Bank issued a security disclosure on their website and began emailing customers about a breach of their Accellion FTA server.
Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai. Amid the coronavirus pandemic, 2020 saw a quick and abrupt transition to digital banking and commerce, a boon for banks and customers alike.