Plot by hackers to cheat Singaporean firm of US$75,000 foiled by bank

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Scammers simply added an extra letter to an actual client’s email address to issue a US$75,000 purchase order, with the cash transferred to Hong Kong Were it not for the intervention of United Overseas Bank (UOB), Mr Muralidaran Naidu’s company would have been fleeced of US$75,000 by hackers last year….


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Over $6M in Social Security benefits stolen from bank accounts

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Identity thieves stole over $6 million in Social Security benefits by hacking the government’s online direct deposit program, an agency watchdog reported. The Social Security Administration’s inspector general released an audit finding the agency’s “my Social Security” program has put roughly $11 million in benefits into the wrong bank accounts….


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Hackers are preparing to launch a ‘dangerous’ virus called Nukebot which could raid your bank account and bleed you dry

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ONLINE bankers have been warned that crooks are preparing to launch a virus likened to a nuclear explosion that could steal ALL your cash. The “stealthy and silent” Nukebot malware and could empty your account and bleed you dry, experts claimed. Victims only realise that they have been targeted once…


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Legendary hacker Kevin Mitnick shows bank hacking at summit

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It seems like even the largest Internet companies cannot prevent security breeches on its own anymore, as experts around the world gather in Beijing to call for deeper and wider cooperation against hacking attempts like the WannaCry incident. The experts are attending the two-day Cyber Security Summit 2017 at the…


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Hackers Target Your Mobile Bank App; You Can Fight Back

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BRAVE NEW BANK This NerdWallet series delves into what’s new in retail banking and what’s in it for you. We explore some of the surprising things in store for products, tech and security and look at how they’ll affect consumers. By 2021, millions more of us will be doing our…


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Is your account safe? Hackers now target more than one bank every week with 89 being hit last year

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Computer hackers carried out at least one cyber-attack against banks and other lenders every week last year. Figures from the Financial Conduct Authority, the City watchdog, showed there were 89 attacks against firms it regulates last year, compared with five in 2014. The massive surge came as the country’s biggest…


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How a man paid $3521 for a beer

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A man complained to his bank about what he believed was a fraud after he bought a beer from a bar in Hong Kong and was charged $3521 on his credit card for a drink which he thought cost $3.30. But he withdrew the complaint after the Banking Ombudsman pointed…


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Hackers steal information on 400,000 customers of Italy’s biggest bank

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Italy’s largest lender, UniCredit, has blamed an unnamed “third-party provider” for two security breaches where hackers have managed to steal information related to the personal loans of some 400,000 customers. UniCredit explained in a statement that the two breaches occurred between September-October of 2016 and June-July of this year. In…


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Italy’s largest bank HACKED in major security breach as data from 400,000 accounts stolen

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ITALY’S top bank UniCredit has been targeted in a huge hacking attack in Europe’s largest banking security breach this year. Biographical and loan data from 400,000 client accounts was stolen in the hack as the bank insisting it “immediately took all necessary actions” to tackle the breach. Following an attack…


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Senior US general: Hacker tried to breach my bank account

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A senior U.S. military leader says his bank account was targeted as part of a massive government data breach and dealing with the hack was a distraction from his job. Air Force Gen. Paul Selva is testifying before a Senate panel considering his nomination for a second term as vice…


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Blockchain hacked by bank robber

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Security? About the same as iOS The much hyped security claims of Blockchain have been called into question after someone tricked would be investors during an ethereum ICO into sending their cryptocurrency to the wrong address. A hacker has allegedly just stolen around $7.4 million dollars worth of ether, the…


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What to do when your bank account is hacked

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As banks and other financial institutions across the world recently grappled with Wannacry and Golden Eye cyber attack, here is what to do if your bank account is hacked. If you notice any strange or unusual activity on your bank statement, notify your bank immediately. Cyber attacks on banks happen…


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Hackers threaten South Korean banks with DDoS attacks

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KB Kookmin Bank, Shinhan Bank, Woori Bank, KEB Hana Bank, NH Bank and two other South Korean banks were reportedly threatened with DDoS attacks last week. The Armada Collective hacking group has issued a ransom demand of approximately £245,700 to seven South Korean banks, threatening to launch distributed denial of…


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Bank of England sets out cyber attack plans

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The Bank of England has set out measures to ensure the UK’s finance sector is resilient to large-scale cyber attacks that could disrupt the entire economy. The ease with which individual institutions could potentially be hacked has come into focus in recent weeks after an email prankster targeted several bank…


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Netbanking or banking apps — 5 tips to keep your bank account safe

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These days everyone carries banks in their pockets, and able to make deposits, transfers, and different transactions with a click of a button. While internet banking and using banking apps to transfer money or checking account balance is an easy process, it becomes highly imperative to ensure the safety of…


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Computer hacker stole almost £100,000 through bank glitch

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A computer hacker stole nearly £100,000 from a bank after spotting a loophole – then claimed he’d won it on a scratchcard. Unemployed James Ejankowski, 24, funnelled the money through his partner’s account, and he spent thousands on a Range Rover, a BMW car and getting his face tattooed. Prosecutor…


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Dark web: Hackers selling stolen data from Qatar National Bank and UAE InvestBank

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Hackers are reportedly selling stolen data from the Qatar National Bank (QNB) and UAE InvestBank on the dark web. Both the banks suffered major data breaches in 2016 and the data of thousands of customers was later leaked online by hackers. Now, even as tensions escalate between the two Middle…


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Hackers are attacking PowerPoint users with scary new malware that steals bank details

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Hackers are targeting users of Microsoft Powerpoint to launch their latest malware campaign. As is typical, unsuspecting users are sent an email attachment, which on this occasion is disguised as a Powerpoint presentation. When the user opens the file, an innocuous looking message says, “Loading … Please Wait,”. The problem…


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Russian Hacking Threatens Lithuania’s Banks

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Politically-motivated cyber attacks from Russia pose the biggest threat to Lithuania’s financial system, a survey of financial institutions conducted by the Baltic country’s central bank showed on Tuesday. The survey comes amid accusations of Russian hacking activity in other countries, including during the presidential elections in the United States and…


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Woman Accused of Hacking Company and Redirecting Money to Her Bank Account

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The Royal Canadian Mounted Police (RCMP) have arrested and charged a Canadian woman for hacking into the email of a local company’s CEO and redirecting 52,000 Canadian dollars ($38,600) to her own bank account. The victim discovered the hack in November 2016, when it filed a complaint with the RCMP…


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