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

Banking Trojans continue to surface on Google Play

The malicious apps have all been removed from the official Android store but not before the apps were installed by almost 30,000 users. Malware authors keep testing the vigilance of Android users by sneaking disguised mobile banking Trojans into the Google Play store. We’ve recently analyzed a set of 29 such stealthy Trojans, found in … More Banking Trojans continue to surface on Google Play

Cybercrime weighs most heavily on financial service firms

While not the most frequent victims of cybercrime, firms in financial services are facing higher costs relating to such incidents when compared to businesses in any other sector, a study by Accenture and the Ponemon Institute has found. The financial services industry was found to incur cyberattack-induced cost of nearly $18.3 million per firm in 2017 … More Cybercrime weighs most heavily on financial service firms

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