Security News
A financial services company that illegally dispatched tens of thousands of spam messages promising to help the recipients magically wipe away their debts is itself now a debtor to the UK's data regulator. Free Debt Help can consolidate your unaffordable payments, write off up to 85 percent of your total debt Check if you qualify text HELP or Stop2Stop.
Fidelity National Financial has confirmed that a November cyberattack has exposed the data of 1.3 million customers. Yesterday, Fidelity National Financial confirmed in an amended SEC Form 8-K filing that the cyberattack occurred on November 19, 2023, and was successfully contained seven days later.
91% of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37% of firms had embarked on their cloud transformations, according to Capgemini. "For today's financial services organization, ignoring the cloud is simply not an option. Moving to the cloud requires looking beyond a cost-savings approach and being centered around driving innovation to gain a competitive edge," said Ravi Khokhar, Global Head of Cloud for Financial Services at Capgemini.
A six-month-long international police operation codenamed HAECHI-IV has resulted in the arrests of nearly 3,500 individuals and seizures worth $300 million across 34 countries. The exercise, which...
OAuth is an especially appealing target for criminals in cases where compromised accounts don't have strong authentication in place, and user permissions allow them to create or modify OAuth applications. Microsoft, in a threat intel report, details one cyber crime crew it tracks as Storm-1283 that used a compromised account to create an OAuth application and deploy VMs for crypto mining, while also racking up between $10,000 and $1.5 million in Azure compute fees.
Toyota Financial Services is warning customers it suffered a data breach, stating that sensitive personal and financial data was exposed in the attack. Toyota Financial Services, a subsidiary of Toyota Motor Corporation, is a global entity with a presence in 90% of the markets where Toyota sells its cars, providing auto financing to its customers.
Nearly 72% of applications in the financial services sector contain security flaws, according to Veracode. Despite the alarming figure, this rate of software vulnerability was the lowest of all industries analyzed and has improved since last year.
Fortune 500 insurance biz Fidelity National Financial has confirmed that it has fallen victim to a "Cybersecurity incident." FNF recorded more than $11 billion in total revenue in 2022 and is one of the largest underwriters of title insurance and providers of transaction services to the real estate and mortgage industries in the US. Although investigations remain ongoing and the company has not yet disclosed the incident's material impact on trade, it did say an intruder "Accessed certain FNF systems and acquired certain credentials."
Phishing, infostealer malware, ransomware, supply chain attacks, data breaches and crypto-related attacks are among the top evolving threats in the financial sector, says Sekoia. A new report from French-based cybersecurity company Sekoia describes evolutions in the financial sector threat landscape.
The world's largest cryptocurrency exchange just got a little smaller, with the US Department of Justice announcing Binance and its CEO Changpeng Zhao have both pleaded guilty to a multitude of financial crimes. According to a criminal case [PDF] unsealed Tuesday, Binance failed to register as a money services business in the United States, broke the Bank Secrecy Act by failing to implement and maintain an anti-money laundering program, and violated the International Emergency Economic Powers Act by allowing US users to transact with individuals in sanctioned countries.