Security News
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.
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.
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.
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.
Entersekt described the latest implementations of its authentication technology in Europe's DACH region. Entersekt's authentication solution allows consumers to approve their e-commerce payments with one touch of their banks' mobile apps.
The U.S. Treasury Department is proposing to collect more information from banks and financial markets about the cybersecurity risks they face, according to notices posted in the Federal Register. In a notice published in the Federal Register on Wednesday, the Office of Cybersecurity and Critical Infrastructure Protection, which is a part of the Treasury Department and has responsibility for protecting the country's financial infrastructure from attacks, proposes to collect more information from the private sector to understand the potential cyber risks to U.S. financial services.
A cyberattack targeting one of the largest banks in the U.S. that stops the processing of payments likely would have a major ripple effect throughout the financial system, according to a new report from the Federal Reserve Bank of New York. The impact of a cyberattack would increase if the banks strategically responded by not sending out payments and hoarding their money and assets, which the study says is likely.
P&N Bank in Perth, Australia, says a server upgrade gone wrong led to the breach of sensitive personal information in its customer relationship management system. The CRM system contains names, mailing addresses, email addresses, phone numbers, customer numbers, ages, account numbers, account balances and what the bank described as other "Nonsensitive" data related to interactions with customers.
P&N Bank has notifed customers of a data breach that resulted in a large amount of sensitive information being compromised. Passwords, birthdate, health information, driver's license numbers, passport numbers, social security numbers, tax file numbers, and credit card numbers were not included in the breach, the bank says.
Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences. As the first to deliver a packaged, API-driven, digital front-office capability allowing banks to create hyper-personalized experiences while building on cloud-native, cloud-agnostic microservices, Temenos uniquely enables continuous renovation at scale of sales, servicing and marketing capabilities for the largest banks worldwide, requiring an architecture that abstracts the underlying complexity from delivery of personalized service across channels, to small banks wanting to differentiate through innovation and services, Temenos Infinity delivers agility and extensibility to both through its new microservice distribution.