Decision makers at banks ‘in the dark’ about data breaches

Decision makers at banks are in the dark when it comes to data breaches at their organization, according to KPMG’s 2016 Banking Outlook Survey. It revealed that this is especially the case when it comes to the second tier of senior management. For example, while 12% of CEOs were unaware as to whether their networks … More Decision makers at banks ‘in the dark’ about data breaches

Android banking trojan masquerades as Flash Player and bypasses 2FA

Active users of mobile banking apps should be aware of a new Android banking trojan campaign targeting customers of large banks in Australia, New Zealand and Turkey. The banking malware, detected by ESET security products as Android/Spy.Agent.SI, can steal login credentials from 20 mobile banking apps.The list of target banks includes the largest banks in … More Android banking trojan masquerades as Flash Player and bypasses 2FA

European firms’ financial departments the target of cyberattacks

Two major cyberattacks have siphoned over $50 million and nearly $80 million from the Belgian bank Crelan and the Austrian aircraft parts manufacturer FACC, respectively. Official statements released by both firms this month were light on detail but indicated that they had fallen victim to a scam known as Business Email Compromise (BEC). The common … More European firms’ financial departments the target of cyberattacks

Different nations’ online banking habits: better safe than sorry?

Would you bank online without the protection of security software? If your answer is “no, don’t be silly”, then you are in agreement with the more than 77% of British internet users who make sure they have a security solution in place when using online financial services. This is according to a survey conducted by … More Different nations’ online banking habits: better safe than sorry?

Beware banking trojans and their nasty helpers

Banking trojans are rife, infecting thousands of users around the globe and helping cybercriminals gain illegal access to banking credentials and account information. But to do this, they often need assistance from an assortment of trojan downloaders, webinject files and the like. In this feature, we take a closer look at four especially severe examples. … More Beware banking trojans and their nasty helpers