Security News

Fraudulent Login Attacks Against Banks Surge: Akamai
2020-02-21 11:57

On August 7, 2019, a single credential stuffing attack against a financial services company recorded 55,141,782 malicious login attempts. The majority of API attacks against finserv was negligible for much of the two years covered by the analysis, but suddenly spiked to more than 80% of all malicious login attempts in May 2019, and to more than 75% in October 2019.

Stuffing nonsense: Persistent cyberpunks are pummelling banks' public APIs, warns Akamai
2020-02-20 22:56

The web services 'n' security biz said, in a report released today, that three-quarters of all credential abuse attacks it detected in 2019 were targeted at banks' publicly available APIs. Akamai said it had "Observed 85,422,079,109 credential abuse attacks" over two years, spanning December 2017 to November last year.

Don't use natwest.co.uk for online banking, Natwest bank tells baffled customer
2020-02-19 17:05

British customers of High Street banking brand Natwest are being advised not to use the domain natwest.co.uk - by none other than Natwest itself. Consumers are increasingly becoming aware of threats to their online banking security through malware and malicious apps designed to steal credentials.

SMS Attack Spreads Emotet, Steals Bank Credentials
2020-02-19 16:00

The SMS messages purport to be from local U.S. numbers and impersonate banks, warning users of locked bank accounts. The messages urge victims to click on a link, which redirects them to a domain that's known to distribute Emotet.

SMS Phishing Campaign Targets Mobile Bank App Users in North America
2020-02-14 17:45

A mobile phishing campaign that targeted customers of more than a dozen North American banks, including Chase, Royal Bank of Canada and TD Bank, managed to hook nearly 4,000 victims. The attacks used an automated SMS tool to blast bogus security text messages to mobile phone users between June and last month.

How banks can protect their customers from coronavirus-themed phishing emails
2020-02-14 15:42

Knowing the topic is critical for many, spammers are sending phishing emails with malicious attachments masquerading as instructions around the coronavirus. These coronavirus-themed phishing emails could affect businesses due to China's role in the world economy, according to OneSpan.

Six Arrested in UK Over Malta Bank Cyber-Heist
2020-02-03 18:07

Six individuals were arrested in the United Kingdom last week for their involvement in a bank cyber-heist and money laundering operation. The arrests were made in connection to the laundering of money stolen in February 2019 from Malta's Bank of Valletta, after cyber-criminals used malware to access the bank's systems and illegally remove around €13 million.

6 Suspects Arrested in Maltese Bank Hacking Heist
2020-01-31 16:48

Police in the United Kingdom have arrested six suspects as part of a months-long money laundering investigation tied to the theft of €13 million from a Maltese bank. As part of the investigations into the bank heist, which has been tied to an organized crime gang, Britain's National Crime Agency says it arrested two men, ages 22 and 17, last week in London.

3 Suspects Arrested in Maltese Bank Hacking Heist
2020-01-31 15:48

Police in the United Kingdom have arrested six suspects as part of a months-long money laundering investigation tied to the theft of €13 million from a Maltese bank. As part of the investigations into the bank heist, which has been tied to an organized crime gang, Britain's National Crime Agency says it arrested two men, ages 22 and 17, last week in London.

A year after Bank of Valletta 'cyber heist', cuffs applied as cash-cleansing case continues
2020-01-31 12:04

Nearly a year after Malta's Bank of Valletta yanked itself from the internet amid a "Cyber intrusion", Britain's National Crime Agency has made three arrests. In the hours after the funds arrived, cash withdrawals and card payments were made to the tune of £340k, with money spaffed over London stores such as Harrods and Selfridges, the NCA alleged.