Security News
The European Banking Authority has confirmed it is another victim on the list of organisations affected by vulnerabilities in Microsoft Exchange. The EBA hurriedly pulled its email servers offline over the weekend as it realised that it was among the ranks of those hit by flaws in Microsoft Exchange being targeted by miscreants.
The European Banking Authority on Sunday said it had been a victim of a cyberattack targeting its Microsoft Exchange Servers, forcing it to temporarily take its email systems offline as a precautionary measure. "As the vulnerability is related to the EBA's email servers, access to personal data through emails held on that servers may have been obtained by the attacker," the Paris-based regulatory agency said.
The European Banking Authority took down all email systems after their Microsoft Exchange Servers were hacked as part of the ongoing attacks targeting organizations worldwide. Last week, Microsoft patched multiple zero-day vulnerabilities affecting on-premises versions of Microsoft Exchange Server and exploited in ongoing attacks coordinated by multiple state-sponsored hacking groups.
The European Banking Authority, a key EU financial regulator, says it has fallen victim to a hack of its Microsoft email system which the US company blames on a Chinese group. Microsoft said last week that a state-sponsored group operating out of China was exploiting previously unknown security flaws in its Exchange email services to steal data from business and government users, believed to number in the tens of thousands so far.
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.
TD Bank has recovered from a major IT systems outage today that prevented account holders from accessing their online bank accounts, use ATM, or check balances over the phone. The outage started at approximately 2 AM EST this morning and prevented TD Bank members from logging into their online accounts.
The US Federal Reserve suffered a massive IT systems outage today that prevented wire transfers, ACH transactions, and other services from operating. When performing a US wire transfer or ACH withdrawal/deposit, the transaction first goes through the Federal Reserve Bank systems who facilitate the transaction.
The US Federal Reserve suffered a massive IT systems outage today that prevented wire transfers, ACH transactions, and other services from operating. When performing a US wire transfer or ACH withdrawal/deposit, the transaction first goes through the Federal Reserve Bank systems who facilitate the transaction.
It may be at an early stage, but we can already see that future, as, all over the world, the banking community moves to embrace open banking. Adrian Mountstephens, business development, payments and banking at Equinix, says that in fact the entire digital future of banking is linked to APIs.
Threat actors have been discovered distributing a new credential stealer written in AutoHotkey scripting language as part of an ongoing campaign that started early 2020. Customers of financial institutions in the US and Canada are among the primary targets for credential exfiltration, with a specific focus on banks such as Scotiabank, Royal Bank of Canada, HSBC, Alterna Bank, Capital One, Manulife, and EQ Bank.