Cole Waterman reports: Two Florida men allegedly spent a September day burglarizing ATMs in four Michigan counties, making off with more than $100,000. The next month, police found them in a Minnesota hotel amid stacks of cash. The duo is now facing federal charges for allegedly engaging in a lucrative, tech-savvy scam known as “ATM…
Category: Financial Sector
Bitcoin holds steady as hackers drain over $40 million from CoinCDX, India’s top exchange
Kri reports: Bitcoin (BTC) has remained resilient in its price action following another cryptocurrency exchange hacking incident, this time involving India’s CoinDCX. … The calm in Bitcoin’s price comes even after blockchain investigator ZachXBT revealed that CoinDCX had been drained of approximately $44.2 million in a targeted cyberattack during the early hours of Saturday. The initial activity…
HB1127 Explained: North Dakota’s New InfoSec Requirements for Financial Corporations
Joseph J. Lazzarotti & Rachel A. Jacob of JacksonLewis write: Earlier this year, North Dakota’s Governor signed HB 1127, which introduces new compliance obligations for financial corporations operating in North Dakota. This new law will take effect on August 1, 2025. The law applies to certain “financial corporations.” Under the law, financial corporation means all entities regulated by…
Brazil’s central bank service provider hacked, $140M stolen
Do you need yet another reminder of the insider threat? Today’s example is from Brazil and involves an employee of a bank’s software vendor. CoinTelegraph reports: C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million),…
Cyberattacks Disrupt Iran’s Bread Distribution, Payments Remain Frozen
IranWire reports: Iran’s subsidized bread distribution system remains crippled two weeks after cyberattacks targeted major banks, leaving bakers unable to access payments and forcing authorities to reimpose restrictions on bread sales. The disruption affects the nationwide Nanino electronic payment system, which is connected to Sepah Bank – the institution responsible for processing all wheat-related transactions…
50 Customers of French Bank Hit by Insider SIM Swap Scam
Eric Priezkalns reports: A business student who was interning at Société Générale, a leading multinational bank headquartered in France, is believed to have fed information to SIM swappers who stole from 50 customers of the bank, reports Le Parisien. The intern’s arrest prompted officers from France’s fraud police (La Brigade des Fraudes aux Moyens de Paiement,…