Two men charged with hacking into SEC in stock-trading scheme

The hacking duo is believed to have exploited a software flaw and compromised several SEC workstations with malware in order to take early peeks at financial disclosures. Two Ukrainian men are facing charges over their roles in an international stock-trading scheme that began with the pair’s breaking into the computer systems of the US Securities … More Two men charged with hacking into SEC in stock-trading scheme

Fake finance apps on Google Play target users from around the world

Cybercrooks use bogus apps to phish six online banks and a cryptocurrency exchange. Another set of fake finance apps has found its way into the official Google Play store. This time, the apps have impersonated six banks from New Zealand, Australia, the United Kingdom, Switzerland and Poland, and the Austrian cryptocurrency exchange Bitpanda. Using bogus … More Fake finance apps on Google Play target users from around the world

Young cybercriminals ‘more motivated by peer respect than financial gain’

An increasing number of young cybercriminals are motivated by a sense of notoriety and popularity with their peers rather than financial gain. That is the main finding from a new report published by the UK government’s National Crime Agency (NCA), which found that many young offenders are turning to cybercrime as a way of chasing … More Young cybercriminals ‘more motivated by peer respect than financial gain’

Financial cybersecurity ‘needs to be a key agenda item at G20’

Improving financial cybersecurity at an international level must be a key agenda item at the G20 Summit in China this month (September 4th-5th). This is according to a group of prominent US senators, who have urged president Barack Obama to raise this critical issue at the event. In a letter to the White House, Gary … More Financial cybersecurity ‘needs to be a key agenda item at G20’

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