In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. The rules put control of that data back in the hands of ordinary Americans, while at the same time undermining the data broker economy and increasing customer choice … Read More “CFPB’s Proposed Data Rules” »
Category: banking
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This is an old piece of malware—the Chameleon Android banking Trojan—that now disables biometric authentication in order to steal the PIN: The second notable new feature is the ability to interrupt biometric operations on the device, like fingerprint and face unlock, by using the Accessibility service to force a fallback to PIN or password authentication. … Read More “PIN-Stealing Android Malware” »
Another example of a large and influential state doing things the federal government won’t: Boards of directors, or other senior committees, are charged with overseeing cybersecurity risk management, and must retain an appropriate level of expertise to understand cyber issues, the rules say. Directors must sign off on cybersecurity programs, and ensure that any security … Read More “New York Increases Cybersecurity Rules for Financial Companies” »
A reporter used an AI synthesis of his own voice to fool the voice authentication system for Lloyd’s Bank. Powered by WPeMatico
Someone in the UK is stealing smartphones and credit cards from people who have stored them in gym lockers, and is using the two items in combination to commit fraud: Phones, of course, can be made inaccessible with the use of passwords and face or fingerprint unlocking. And bank cards can be stopped. But the … Read More “Credit Card Fraud That Bypasses 2FA” »
Zelle is rife with fraud: Zelle’s immediacy has also made it a favorite of fraudsters. Other types of bank transfers or transactions involving payment cards typically take at least a day to clear. But once crooks scare or trick victims into handing over money via Zelle, they can siphon away thousands of dollars in seconds. … Read More “Fraud on Zelle” »
Bizarro is a new banking trojan that is stealing financial information and crypto wallets. …the program can be delivered in a couple of ways — either via malicious links contained within spam emails, or through a trojanized app. Using these sneaky methods, trojan operators will implant the malware onto a target device, where it will … Read More “Bizarro Banking Trojan” »
This is a longish video that describes a profitable computer banking scam that’s run out of call centers in places like India. There’s a lot of fluff about glitterbombs and the like, but the details are interesting. The scammers convince the victims to give them remote access to their computers, and then that they’ve mistyped … Read More “Details of a Computer Banking Scam” »
South Africa’s Postbank experienced a catastrophic security failure. The bank’s master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank’s encrypted master key in plain, unencrypted digital language at the Postbank’s old data centre in the Pretoria city centre. According to … Read More “Bank Card “Master Key” Stolen” »
Kaspersky is reporting on a series of bank hacks — called DarkVishnya — perpetrated through malicious hardware being surreptitiously installed into the target network: In 2017-2018, Kaspersky Lab specialists were invited to research a series of cybertheft incidents. Each attack had a common springboard: an unknown device directly connected to the company’s local network. In … Read More “Banks Attacked through Malicious Hardware Connected to the Local Network” »