Russian hackers were planning to hit Europe with fake Android banking apps

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Hackers in Russia, after infecting over a million Android devices with malware to siphon money using fake banking apps, were planning a major attack on European bank customers. The group, known as ‘Cron’ after their malware, is in custody now. The hacking group tricked Android users into downloading malware via…


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Hackers hit Russian bank customers, planned international cyber raids

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Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters. Their campaign raised a relatively small sum by cyber-crime standards – more than 50…


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SWIFT Urges Cybersecurity Info Sharing With New Portal

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With FIs still reacting to last year’s series of cybersecurity attacks, during which hackers infiltrated banks via their connectivity to the SWIFT network, SWIFT has taken steps to help their FI partners strengthen defenses. In its latest move, the network is launching a new online portal that encourages information sharing…


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Starbucks App Users Are Getting Hundreds Stolen From Their Bank Accounts

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For serious Starbucks go-ers, their mobile app makes paying for your Grande iced coffee easy as can be — but users who chose to link their Starbucks account to their banks are finding themselves victims of a major scam. A reporter at Buzzfeed explained that last week she received an…


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Hackers plunder bank accounts via SS7 TFA flaw – risk known ‘for years’

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According to reports by German Newspaper Suddeutsche Zeitung, the telco said that some of its customers had money taken out of the bank accounts using a two-part attack that exploits vulnerabilities in the Signalling System 7 protocol. This is a protocol that allows telecoms companies to send text messages from…


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Mobile Hackers Intercept Bank 2FA to Drain Accounts

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A known flaw in the messaging system that underpins global mobile phone networks has been hacked by cyber-criminals to intercept two-factor banking passcodes. O2-Telefonica told the German Süddeutsche Zeitung newspaper that some of its customers had been affected by the attacks, leaving their bank accounts short of funds. Its statement…


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Hackers Use Flaws in Telephony Core Protocol to Bypass 2FA on Bank Accounts

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Hackers have exploited decades-old flaws in the SS7 mobile telephony protocol to hijack phone numbers and SMS messages, in order to bypass two-factor authentication (2FA) and steal money from bank accounts. The attacks were reported on Wednesday by German newspaper Süddeutsche Zeitung, who detailed a first case where cybercriminals exploited…


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Sydney bank accounts hacked in $1.5 million ‘tap and pay’ fraud

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Three men have been charged over an elaborate “tap and pay” scam that saw $1.5 million stolen from at least 45 hacked bank accounts across Sydney. NSW Fraud and Cybercrime police allege a sophisticated syndicate ported mobile phones, illegally accessed bank accounts through mobile apps, and used HCE technology, which…


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Hackers ran through holes in SWIFT’s network

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The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has James Bond-level security at the facilities it uses to move millions of bank-payment orders around the world every day. Visitors to a Swift operations center in Culpeper, Va., say their car trunks were inspected upon arrival by armed guards, who used…


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$150,000 in Stolen Indian Bank Money Used to Invest in Bitcoin

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The Bank of Maharashtra (BoM) lost Rs 6.14 crore rupees (approx $950,000) to four hacks in 49 days a bug – the result of a bug in the bank’s UPI app. The breach affected 23 branches in the Pune district and some of the stolen funds were used to invest…


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Money transfer hack: Threat is real and what to do about it

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Remittance transactions in the UAE continue to be vulnerable to hackers and financial institutions must work closely with intelligence units in order to mitigate the risk of customers losing millions of dirhams to cybercriminals, a currency firm said. The UAE is one of the leading sources of funds for various…


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How Union Bank was hacked and got its money back

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It was just another Friday for the hundreds of office goers who were jostling with each other to get to their own work places in and around the corporate office of the Union Bank of India at Nariman Point in Mumbai. Even those queuing up in the early hours at…


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How to stop Microsoft Office hackers from stealing your bank account

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For years, hackers have been using MS Office macros in Word and Excel to target their victims with malware and ransomware. That’s why more recent versions of Office applications have macros disabled by default and warn users before enabling them. However, a recent discovery by experts at FireEye and McAffee…


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North Korean hackers attack banks in Nigeria, 17 other countries – Kaspersky

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A Russian online cyber security firm, Kaspersky, Thursday, alleged that North Korean hackers are allegedly attacking banks in Nigeria and 18 other countries. The organisation noted in its report that this could be regarded as the biggest bank heist in world history. Reports said banks and security researchers had previously…


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Hackers breached banks to make ATMs spit out cash

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Kaspersky provides more details about ATMs that enabled criminals to take control of the the machine to empty it of cash A group of cyber criminals hacked into bank networks and used ATM malware that spits out cash and then self-destructs. Last month, Kaspersky Lab alleged that a group of…


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How Hackers Hijacked a Bank’s Entire Online Operation

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THE TRADITIONAL MODEL of hacking a bank isn’t so different from the old-fashioned method of robbing one. Thieves get in, get the goods, and get out. But one enterprising group of hackers targeting a Brazilian bank seems to have taken a more comprehensive and devious approach: One weekend afternoon, they…


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Brazilian Hackers Pulled off Sweeping Compromise of Bank’s 36 Domains

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A daring, unprecedented compromise of a Brazilian bank’s operations has been discovered by security researchers, with al 36 domains including DNS and corporate email under the control of attackers. Security engineers at industry firm Kaspersky Lab have revealed details of a stunning, sweeping compromise of an unnamed Brazilian bank’s core…


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Hackers Empty ATMs by Drilling One Small Hole

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Hackers are using a combination of low and high-tech attacks to make ATMS spit out cash, according to Kaspersky researcher Igor Soumenkov, who presented this novel attack at this year’s Security Analyst Summit, taking place in St. Maarten this week. These attacks first started last year, when several banks in…


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“Disappearing Malware” Allowed Hackers Steal $800,000 Cash From Russian ATMs

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Short Bytes: A team of researchers at Kaspersky Labs have recently cracked the mystery of a fileless malware that was used to hack bank ATMs in Russia and steal $800,000 in a single night. It was possible because of the two log files unintentionally left on the machine by the…


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Hackers responsible for $80M bank heist show ‘no signs of stopping’

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The cybercriminals allegedly responsible for an attack on Bangladesh’s central bank, which left the country’s wallet millions of dollars lighter, is showing “no signs of stopping,” according to security experts. The group, dubbed Lazarus, managed to dupe banking staff into transferring $80 million from the Central Bank of Bangladesh’s New…


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