Security News
Retail banking institutions in Singapore have three months to phase out the use of one-time passwords for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks. The decision was announced by the Monetary Authority of Singapore and The Association of Banks in Singapore on July 9, 2024.
The Monetary Authority of Singapore (MAS) has announced a new requirement impacting all major retail banks in the country to phase out the use of one-time passwords (OTPs) within the next three...
After around two decades of allowing one-time passwords delivered by text message to assist log ins to bank accounts in Singapore, the city-state will abandon the authentication technique. The Monetary Authority of Singapore and The Association of Banks in Singapore announced on Tuesday that "Major retail banks in Singapore will progressively phase out the use of One-Time Passwords for bank account login by customers who are digital token users within the next three months."
Evolve Bank & Trust (Evolve) is sending notices of a data breach to 7.6 million Americans whose data was stolen during a recent LockBit ransomware attack. [...]
Evolve Bank & Trust says the data of more than 7.6 million customers was stolen during the LockBit break-in in late May, per a fresh filing with Maine's attorney general. It's the first time Evolve has confirmed the scale of the data theft - which affected at least three of its major partners, past and present - and it expects the number to rise as its investigations continue.
Buy now, pay later loan company Affirm is warning that holders of its payment cards had their personal information exposed due to a data breach at its third-party issuer, Evolve Bank & Trust. After researchers analyzed the data, it was determined that it had been stolen from Evolve Bank & Trust, which confirmed to BleepingComputer that the data belonged to them.
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Recently-disrupted LockBit ransomware group, in what appears to be a desperate attempt to make a comeback, claimed this week that it had hit US Federal Reserve, the central bank of the United States. The tall claim was followed up with LockBit stating it had stolen 33 terabytes of sensitive banking information belonging to Americans and that negotiations were ongoing.
Leading U.S. commercial bank Truist confirmed its systems were breached in an October 2023 cyberattack after a threat actor posted some of the company's data for sale on a hacking forum. While BleepingComputer could not independently verify these claims, the data also allegedly contains bank transactions with names, account numbers, balances, and IVR funds transfer source code.
Cybercriminals are promoting a new phishing kit named 'V3B' on Telegram, which currently targets customers of 54 major financial institutes in Ireland, the Netherlands, Finland, Austria, Germany, France, Belgium, Greece, Luxembourg, and Italy. The phishing kit, priced between $130-$450 per month depending on what is purchased, features advanced obfuscation, localization options, OTP/TAN/2FA support, live chat with victims, and various evasion mechanisms.