Mexico: Cybercriminals steal at least 400 million pesos through unauthorized transfers

While the exact amount of stolen money and source of the cybercriminals are not known, the authorities have confirmed that no clients were affected. Cybercriminals infiltrated the Mexican financial system for several days at the end of April and stole nearly 400 million Mexican pesos (almost $20 million) from concentration accounts but not from private clients. It … More Mexico: Cybercriminals steal at least 400 million pesos through unauthorized transfers

Millions bagged in two bank cyber-heists

Russia’s central bank disclosed on Friday that hackers had made off with the equivalent of $6 million from a Russian bank last year by co-opting the banking industry’s global payments messaging system known as SWIFT, Reuters has reported. The cyberattack at the unnamed bank took place at some point last year, according to the news wire, … More Millions bagged in two bank cyber-heists

South Korea moves to ban anonymous cryptocurrency trading

South Korea is banning the use of anonymous bank accounts for buying and selling virtual currencies, a move that is aimed at clamping down on crimes co-opting the currencies as well as at reining in the speculative frenzy that has gripped the country. The measure, which was in fact several weeks in coming, was announced by … More South Korea moves to ban anonymous cryptocurrency trading

New campaigns spread banking malware through Google Play

This year we have seen many different malware campaigns trying to compromise users with malicious apps distributed via Google Play. Even though these apps are often removed within days after having been reported to Google, they still manage to infect thousands of users. All apps submitted to Google Play are automatically analyzed in an effort … More New campaigns spread banking malware through Google Play

Banking chiefs ‘lack confidence to identify data breaches’

Just over one in five banks and insurers are confident in their ability to identify data breaches, according to a new global survey from Capgemini Consulting. Canvassing the opinions of 7,600 consumers and more than 180 senior data privacy and security professionals, the authors found that less than a third (29%) of organizations offered both … More Banking chiefs ‘lack confidence to identify data breaches’