Eric Mugendi reports: Unknown individuals have made four attempts to illegally transfer US$24 million (UGX81 billion) from the Bank of Uganda to accounts located outside the country. Officials within the Government of Uganda are believed to have shared passwords with tech-savvy individuals who then logged in to the financial management system and targeted the accounts of the…
Category: Financial Sector
Hackers Strip Nigerian Exchange Of $15,000 Worth Of Bitcoins
Iyke Aru reports: CEO of the Nigerian Bitcoin exchange, Naira4Dollar, Ejezie Sunday has allegedly had $15,000 worth of Bitcoins stolen from his company’s wallet on blockchain.info. Hackers are getting more sophisticated, and recovering stolen funds is a complicated procedure. Sunday told CoinTelegraph: “We ran out of stock on Tuesday March 15, 2016, and had to buy $15,000 worth of Bitcoins, valued at…
Security researcher investigating Bangladesh central bank cyber-heist kidnapped? (UPDATED)
Researching and reporting on data breaches has always had some element of risk attached. You can get accused of hacking, or you can get threatened with litigation. In Brian Krebs’s case, you can find yourself swatted. Or in my case, you can get threatened with infection of HIV. But with the exception of swatting, the rest pales…
CA: Man pleads guilty to bank fraud, aggravated identity theft
Hoa Quach reports: The lead defendant in a fraud case involving Wells Fargo employees who stole customer account data that was used to impersonate victims and steal money from their accounts is due to be sentenced in July after pleading guilty to federal charges. Ronald Charles Reed, 69, of Inglewood pleaded guilty Thursday in U.S….
FINRA fines Raymond James $500,000
Linn Freedman of Robinson & Cole writes: Financial services firm Raymond James Financial Services Inc. (Raymond James) has agreed to settle an investigation by the Financial Industry Regulatory Authority (FINRA) for $500,000. The investigation stems from allegations that Raymond James requested that new financial advisers disclose and bring confidential customer information to Raymond James when…
Hackers spear phish dozens of Russian banks, posing as FinCert
TASS reports: Hackers attacked dozens of Russian banks by sending letters on behalf of FinCert on Tuesday, March 15, Kaspersky Lab said in a report on Wednesday. FinCert is a structure of the Central Bank, which warns financial institutions of cyber threats. “On March 15, dozens of Russian banks became targets of cyberattacks by means…