Source: National Cyber Security – Produced By Gregory Evans Russia’s leading financial group VTB and the biggest lender Sberbank said on Friday cyber threats have not affected their activities. Earlier in the day, Russia’s Federal Security Service (FSB) announced that foreign special services were plotting a series of cyber The…
Network Security Company ForeScout Interviews Banks for IPO
Source: National Cyber Security – Produced By Gregory Evans This may be a further sign of a rebound in the U.S. IPO market. ForeScout Technologies has interviewed investment banks in recent weeks to hire underwriters for an initial public offering that could value the U.S. network security company at The…
Can banks do biometric security? We’d trust them before the government
Source: National Cyber Security – Produced By Gregory Evans Brits have more faith in their banks than government agencies to roll out authentication technologies based on biometrics, according to a new survey from Visa. Consumers are nearly twice as likely to trust banks to store and keep their biometric The…
Corruption Currents: Deutsche Bank’s $10 Billion Scandal
Source: National Cyber Security – Produced By Gregory Evans A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on The…
Apple says it won’t let banks use the contactless payment tech in iPhones for security reasons
Source: National Cyber Security – Produced By Gregory Evans Apple really doesn’t want to let anyone else use its contactless payment technology. Modern iPhones come bundled with NFC chips that let users pay for things easily via Apple Pay, and the Cupertino giant is fighting back against attempts from The…
New Android Malware Blocks Outgoing Calls To Banks To Keep You From Reporting Or Canceling Suspicious Activity
Source: National Cyber Security – Produced By Gregory Evans Online security experts have discovered a new Android malware that blocks outgoing calls to banks to keep customers from complaining about suspicious activity. Symantec, an American technology company, found the Android.Fakebank.B malware app in October 2013. The app replaces banking apps…
Taiwan Banks Close Hundreds of ATMs after Hackers Steal $2 Million
Source: National Cyber Security – Produced By Gregory Evans Taiwan banks shut hundreds of ATM machines across Taiwan on Tuesday following a NT$70 million ($2.18 million) heist over the weekend, an epa journalist reports. Two masked persons hacked into the ATM system of First Bank over the weekend, causing 34…
Reed Backs Regulators’ Efforts to Strengthen Cyber Security at Banks & Throughout U.S. Financial System
Source: National Cyber Security – Produced By Gregory Evans Today, following reports that the Federal Reserve is working with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) on new safeguards to better shield Americans, financial institutions, and markets from cyber attacks, U.S….
Anonymous Suspected of Attacks on Central Banks in Indonesia and South Korea
Source: National Cyber Security – Produced By Gregory Evans Authorities in Indonesia and South Korea have told Reuters about recent DDOS attacks aimed at the websites of their central banks. Both Bank Indonesia and Bank of Korea took action by blocking IPs from parts of the globe they don’t usually…
US warns banks of hacking threat to Swift system
Source: National Cyber Security – Produced By Gregory Evans US regulators have warned banks about potential cyber attacks linked to the interbank messaging system. The statement came two weeks after the Federal Bureau of Investigations sent a notice cautioning US banks after the hacking of Bangladesh’s central bank. The FBI…
