Security News
Datto, the leading global provider of cloud-based software and technology solutions delivered through managed service providers, announced that John F. Abbot has joined its executive management team as Chief Financial Officer, effective March 2, 2020. In his role, Abbot will work closely with Datto's senior executive team and its board of directors, driving key processes and systems to enable the business to maintain close touch with MSPs, and he will oversee all global aspects of Datto's financial and accounting operations.
Cybercriminals are now partnering with drug cartels across Latin America to attack financial institutions and governments, leveraging a wide variety of scams and malware to make millions, according to a new report from cybersecurity firm IntSights. Mexican law enforcement arrested Héctor Ortiz Solares-known as "El H-1" or "Bandido Boss"-in 2019 after he spent years recruiting top-tier hackers who built malware for his gang, named "Bandidos Revolution Team." The malware was designed to infect ATM machines and attack Latin American banks.
Britain's Financial Conduct Authority on Tuesday admitted to a data breach, in an embarrassing revelation for the regulator and its boss, who shortly takes over at the Bank of England. The FCA said it had mistakenly published the details of around 1,600 consumers who had complained about the regulator, which is tasked with overseeing the conduct of Britain's key financial sector, including any data breaches by banks for example.
With security as the guiding factor, financial services companies are ahead of all other industries in deploying hybrid clouds, but they lag behind others in their use of multi-public cloud services, according to a newly-released report. SEE: Hybrid cloud: A guide for IT pros The report was focused on cloud deployments and planning trends in the financial services industry.
As advanced as security is in the financial industry, clearly there's still some catching up to do. Another big problem is simply the range of motivations for attacking large financial services companies.
According to data from Akamai, up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly. According to the report's findings, from December 2017 through November 2019, 85,422,079,109 credential abuse attacks were observed.
IDShield, a leading North American provider of identity monitoring, theft protection, and restoration technology and services for individuals and families, announced a service enhancement that will protect its members from unauthorized electronic fund transfers from their employer-sponsored 401K, retirement, and health savings accounts. According to recent reports by Investment Company Institute and Devenir respectively, nearly $6 trillion is sitting in employer-sponsored 401K accounts and almost $75 billion in Healthcare Savings Accounts.
Elevate Security, a platform that measures, influences, and reduces human cybersecurity risk, announced the appointment of Nicholas Telford as chief financial officer. Telford will oversee Elevate Security's long-term financial strategy, providing oversight and a roadmap to the organization's growth plan.
FireEye researchers are tracking a hacker campaign using a new type of backdoor they call "Minebridge" that has primarily been targeting U.S. financial firms this year. The campaign, which appears to have started around Jan. 7, involves planting the Minebridge backdoor into corporate networks to deliver other malware and allow attackers to map the infrastructure, according to a new FireEye report.
Researchers have discovered a recent spate of phishing emails spreading a new variant of Metamorfo, a financial malware known for targeting Brazilian companies. Once executed, the malware kills the auto-suggest data entry fields in browsers, forcing victims to write out their passwords - which it then tracks via a keylogger.