"Silence," a Russian-speaking criminal group that has stolen $4.2 million from ATMs and financial institutions since 2016, has become more active this year, using new tools and tactics in its attacks and expanding its reach globally, according to the security firm Group-IB.
To explore how credential stuffing attacks and brute force attacks differ, we need to understand what they are and how they operate. Here is a quick summary.
An A-list of cyber experts, including former Homeland Security Secretary Jeh Johnson, has put its weight behind U.S. CyberDome, a nonpartisan initiative to protect presidential campaigns against foreign influence. Matthew Barrett, a former NIST leader and co-founder of CyberDome, outlines how this group is gearing up.
For at least half a decade, HSBC helped to wash hundreds of billions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, as well as move money for terrorist organizations linked to Al Qaeda and Hezbollah and for Russian gangsters. Furthermore, HSBC helped countries like Iran, the Sudan and North Korea...
A little over a week after a breach at Capital One was revealed, more U.S. lawmakers are raising questions about what happened at the bank, including what role, if any, Amazon may have played in opening the door to the intrusion.
For financial institutions, every new customer heralds an opportunity - but if the organization doesn't know enough about that customer there may be risks as well. Using know your client (KYC) and customer due diligence (CDD) checks as an initial first line of defense in reducing the risk of money laundering and...
Disruption continues to reshape the financial services industry. Time-proven products and services have been rendered obsolete in the blink of an eye, rewriting the banking landscape and leaving it scattered with new challenges.
Online banking and faster payments have been embraced by customers, but money launderers...
Protecting your enterprise from breaches and account takeovers has never been a bigger challenge. New tools make it possible for even unsophisticated actors to perform advanced, widespread attacks that put your organization at risk. According to the 2019 Verizon Breach Report, stolen credentials are the leading attack...
Adapting fraud systems from desktop to mobile is no simple task. Retailers may misinterpret legitimate shopping behavior as 'risky' due to the nature of cellular connections (e.g. a mobile carrier may shift your browsing to another location).
To deal with the increase in mobile usage, organizations must also make...
The digitalization of business processes and advent of
mobile computing have given rise to the next generation
of fraud. Cybercriminals have a variety of tools and
techniques - as well as opportunities to steal money and
services. Furthermore, traditional fraud prevention tools often
fail to stop this fraudulent...
Account takeover is the fastest growing fraud vector in retail banking. It's lucrative. It's a service you never want to provide.
Motivated fraudsters attack from every angle, limiting the effectiveness of the best one-dimensional defenses.
iovation offers the most secure, seamless, and comprehensive solution....
FIN8, a hacker group that targeted POS devices in the hospitality and retail sectors, is back on the scene with new malware, including the Badhatch backdoor that's designed to steal payment card data, according to researchers with Gigamon's threat detection unit.
In today's digitally dependent business operations, an organization's IT infrastructure is a
crucial asset. This asset can be a competitive advantage, but it can also be a disadvantage
based on how well the organization evolves and utilizes its suite of IT assets relative to its
current and future competitors bent...
The reason social media platforms are so successful is because they tap into the human sense of needing to connect with others.
Depending on your organization's policies, there is a high likelihood your employees may be tapping into several social platforms throughout the workday, which can increase attack...
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