Security News

PIN the blame on us, says Monzo in mondo security blunder: Bank card codes stored in plain-text in log files
2019-08-06 05:09

Why bother go for databases when insecure log files appears to be where all the data is at Trendy online-only Brit bank Monzo is telling hundreds of thousands of its customers to pick a new PIN –...

Computop unveils PSD2 compliant biometric authentication service for online merchants and banks
2019-08-05 03:00

Computop, the global payment processor, announced Biometrics by Computop, its new PSD2 compliant biometric authentication service for online merchants and banks. With Biometrics by Computop,...

Five examples of user-centered bank fraud
2019-08-02 05:30

In today’s digital-first world, banks and financial service companies need to allow their customers to easily manage money online in order to compete. Unfortunately, most banking platforms were...

Cybercrooks attempted credential-stuffing banks 3.5 BEEELLION times in the last 18 months alone
2019-07-31 18:12

All going just as you'd expect, reckons Akamai Content delivery network Akamai Technologies reckons that despite the time and effort spent convincing people not to fall for phishing and other...

Capital One is not alone: 3.5B malicious login attacks target banks and customers
2019-07-31 12:35

Phishing and credential stuffing attacks are top threats to financial services organizations and customers, according to Akamai.

Capital One: Where Did the Bank Fail on Defense?
2019-07-31 09:48

Experts Say Bank May Have Made Several ErrorsThe cause of Capital One's breach is known. But experts say the incident still raises questions over why Capital One held onto personal data so long...

How to protect your corporate bank account after the Capital One breach: 10 tips
2019-07-30 15:13

A Capital One data breach put the data of 106 million people at risk, including social security numbers and banking information.

ThetaRay’s updated platform helps global banks detect and prevent financial cybercrime
2019-07-25 02:30

ThetaRay, a leading provider of AI-based Big Data analytics, announced Version 4.0 of the company’s namesake advanced analytics platform. The update includes major capability upgrades to help...

German banks to stop using SMS to deliver second authentication/verification factor
2019-07-12 11:27

German banks are moving away from SMS-based customer authentication and transaction verification (called mTAN or SMS-TAN), as the method is deemed to be too insecure. According to German business...

'Silence' Gang Tied to Bank Heist in Bangladesh: Report
2019-07-03 20:18

Group-IB Says Analysis of Malware Leads to Russian-Speaking GangA recent $3 million bank heist in Bangladesh is likely the handiwork of "Silence," a Russian-speaking gang known for its slow and...