How #fraudsters managed to #hack my #bank account without me even #realising

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GETTING a text message from your bank about a suspicious transaction is never a good way to start the week. An SMS alerted me that some fool in a boutique hotel in downtown Washington attempted to make a purchase on my behalf on Sunday evening US time — so, Monday…


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More #CEOs to come from the #cyber security #space in #2018

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Oracle expects to see more chief executive officers to come from the cyber security space in 2018 as part of an effort to boost security. Arun Khehar, senior vice-president of applications at Oracle Eastern Central Europe, Middle East, Africa, told Gulf News that enterprise security will be company’s top priority…


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#Globex, #Sevastopol #Marine Bank were #victims of #hackers

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An attack of Cobalt group of hackers against Globex bank was not the only one. The same hackers presumably embezzled funds from accounts of the Sevastopol Marine Bank, three sources in the information security sphere told TASS. “According to our information, colleagues in the Sevastopol Marine Bank slightly suffered,” one…


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Hackers #steal $1m from #Russian #bank using #SWIFT system

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On Friday December 15, hackers broke into computer systems of Globexbank, owned by VEB, and withdrew from it an amount equivalent to $1 million through the international payment system SWIFT. Vedomosti reports this with reference to the bank’s counterparties and a source in VEB. Head of Globexbank Valery Ovsyannikov confirmed…


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Third of UK banking customers targeted by fraudsters in 2017

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One in ten UK consumers have cancelled their credit or debit cards in 2017 due to fraudulent activity, according to research from comparison website comparethemarket.com. In a survey of 2,000 adults, it was found that 37% of people had money stolen from their accounts, with an average of £544 taken…


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Local #woman has thousands #stolen after being #hacked

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COLLEGE STATION, Tex. (KBTX) – Morgan Mangan’s Thursday started as normal last week, but by 9:30 a.m. strange things began to happen. “I think I got over one thousand phone calls on Thursday. My phone started going nuts. Every 10 to 15 seconds I was getting a phone call it…


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Researchers Find Poor #Coding Leaves Banks #Vulnerable to #Hacking

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Researchers find that sloppy coding in the finance sector leaves 1.3 million weaknesses Just how safe is your money? It depends on where you keep it I suppose. If it’s under your mattress then that’s very traditional of you, but not very safe. If you keep it in a tin…


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How you’re #helping #hackers empty your #bank #account

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 Hackers can empty your bank account and you’re helping them. Jason Grandeo and his family have several smart devices such as laptops, tablets, iPhones, smart TVs, the list goes on. He was worried about the security of those devices. So we brought in a cyber expert to see if it’s…


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Nepal #bank latest #victim in #heists targeting #SWIFT system

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A bank in Nepal is the latest victim in a string of cyber heists targeting the global SWIFT bank messaging system, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. Hackers last month made about $4.4 million in fraudulent transfers from…


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Bank of #America exec says #passwords ‘need to go away.’ Here’s what’s #coming next

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For years, bank customers have relied on user IDs and passwords to access their online accounts. From a security standpoint, that’s no longer a smart practice, said Bank of America executive Michelle Moore, head of digital banking for the Charlotte-based bank. In an era of hacking, traditional IDs and passwords…


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Day #trader made $700,000 in a scheme #targeting #hacked online #brokerage #accounts, #prosecutors say

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Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday….


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North Korean #hackers suspected of #targeting #Nepali #bank #SWIFT codes

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Cyber-criminals used stolen SWIFT codes to transfer money from multiple Nepali banks on 19 October 2017. Cyber-criminals used stolen SWIFT codes to transfer money from multiple Nepali banks on 19 October 2017. It is unclear how much money the attackers made off with or which banks were affected but NIC…


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Today’s bank heists aren’t what they used to be with the battle now fought out in cyberspace

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Bank heists aren’t what they used to be. With sophisticated underground networks of hackers able to remotely swipe millions from financial institutions within seconds, many now look back wistfully on the days when a bank robbery involved a getaway chase, fat wads of cash and a bandit eye mask. “Cyber…


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Half of #Japanese banks attacked by #hackers

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Slightly over half of Japanese financial institutions have been exposed to cyberattack since 2015, according to a survey by the Bank of Japan (BOJ). The central bank said on Monday (Oct 16) that 51 per cent of the 411 respondents had been attacked by hackers, with 10.9 per cent saying…


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Hackers steal $60 million from Taiwanese bank using bespoke malware

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Last week, a hacking gang abused the SWIFT banking network to steal $60 million after planting malware on a Taiwanese bank’s servers. The Far Eastern International Bank has confirmed that malware had been found on it computer systems, affecting PCs and servers, as well as its SWIFT terminal. SWIFT (the…


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Is your bank data yours?

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Who owns the information in your bank account? Transactions, balance history, every other detail? The answer might seem obvious: You do. “You don’t. You totally don’t,” says Ed Mierzwinski, Consumer Program Director and Senior Fellow for the U.S. Public Interest Research Group. Yes, it’s your money. But the data, from…


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Why would we want to increase the cyber risk to our bank data?

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The cyber world is full of would-be extractors of our bank account data. Banks and their regulators recognised cyber risk as a major threat decades ago and have built an elaborate ecosystem of protections against it. Regulated banks are strictly limited in how they store customers’ data. They are required…


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Overdraft-fiddling hackers cost banks in Eastern Europe $100m

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Hybrid cyber attacks on banks in former Soviet states has already resulted in estimated losses of $100m. Security researchers at Trustwave report today that cybercriminals are using mules to open accounts with counterfeit documents while hackers compromise the bank’s systems to obtain unauthorised privileged access and break into the network…


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Carbanak hackers pivot plan of attack to target banks, the enterprise

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Cyberattackers behind the theft of billions worldwide have changed their plan of attack in targeting businesses across the globe. FIN7, linked to the Carbanak Trojan, is a financially-motivated threat group which has been linked to a string of attacks against companies and financial institutions in the past. In 2015, Kaspersky…


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Sri Lanka arrests two men over Taiwan bank hacking

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COLOMBO: Sri Lankan police have arrested two men for allegedly helping international criminals who hacked into computers at a Taiwan bank and stole millions of dollars, an official said Sunday. The pair were arrested after they tried to withdraw large sums of money that had been wired to their accounts…


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