Security News

Microsoft Exposes Octo Tempest, One of the Most Dangerous Financial Threat Actors to Date
2023-10-30 15:31

Microsoft exposes Octo Tempest, an English-speaking threat actor that runs extortion, encryption and destruction campaigns at a wide variety of industries. A new report from Microsoft Incident Response and Microsoft Threat Intelligence teams exposed the activities and constant evolution of a financially oriented threat actor named Octo Tempest, who deploys advanced social engineering techniques to target companies, steal data and run ransomware campaigns.

Microsoft: Octo Tempest is one of the most dangerous financial hacking groups
2023-10-26 22:55

Microsoft has published a detailed profile of a native English-speaking threat actor with advanced social engineering capabilities it tracks as Octo Tempest, that targets companies in data extortion and ransomware attacks. Microsoft says that Octo Tempest also used direct physical threats in some cases to obtain logins that would advance their attack.

Microsoft: Octo Tempest one of the most dangerous financial hacking groups
2023-10-26 22:55

Microsoft has published a detailed profile of a native English-speaking threat actor with advanced social engineering capabilities it tracks as Octo Tempest, that targets companies in data extortion and ransomware attacks. Microsoft says that Octo Tempest also used direct physical threats in some cases to obtain logins that would advance their attack.

The double-edged sword of heightened regulation for financial services
2023-10-20 03:00

In addition to the money itself, the financial services sector stores large volumes of sensitive data, including customer information, financial records, and intellectual property. "In a highly competitive B2B and B2C financial services industry, cybersecurity's role earning and sustaining consumer trust is paramount as a competitive differentiator," said Trustwave CISO Kory Daniels.

Webinar: Locking Down Financial and Accounting Data — Best Data Security Strategies
2023-10-17 11:43

Financial data is much more than just a collection of numbers; it is a crucial component of any business and a prime target for cybercriminals. It's important to understand that financial records...

Financial crime compliance costs exceed $206 billion
2023-09-29 04:00

Global financial crime compliance costs for financial institutions exceed $206 billion. Financial crime professionals embrace AI. While certain industries are still determining the ways in which AI and ML will bring about an influence, 71% of professionals in financial crime compliance indicate that their organizations are already enhancing data utilization through advanced analytics.

Xenomorph Banking Trojan: A New Variant Targeting 35+ U.S. Financial Institutions
2023-09-26 11:49

An updated version of an Android banking trojan called Xenomorph has set its sights on more than 35 financial institutions in the U.S. The campaign, according to Dutch security firm ThreatFabric,...

The critical role of authorization in safeguarding financial institutions
2023-09-14 04:00

According to a recent Cost of Data Breach report, the financial industry has the second highest average cost for a data breach, making the value well worth financial institutions investing more into authorization. In this Help Net Security video, David Brossard, CTO at Axiomatics, discusses how, whether it's protecting their own or their customers' specific privacy/confidentiality while also adhering to global compliance regulations, there is a lot to think through regarding access control.

Huge DDoS attack against US financial institution thwarted
2023-09-11 18:46

Akamai says it thwarted a major distributed denial-of-service attack aimed at a US bank that peaked at 55.1 million packets per second earlier this month. The network traffic flood hit on September 5 against the unnamed finance giant Akamai describes as "One of the biggest and most influential US financial institutions."

German financial agency site disrupted by DDoS attack since Friday
2023-09-04 17:11

The German Federal Financial Supervisory Authority announced today that an ongoing distributed denial-of-service attack has been impacting its website since Friday. BaFin is Germany's financial regulatory authority, part of the Federal Ministry of Finance, responsible for supervising 2,700 banks, 800 financial, and 700 insurance service providers.