Economic Times reports: The RBI barred Paytm Payments Bank from taking on new customers on March 11 because it had allowed data to flow to servers abroad in violation of India’s rules, and didn’t properly verify its customers, Bloomberg reported on Monday, citing a person familiar with the matter. Annual inspections by the Reserve Bank…
Category: Financial Sector
HI: Police: Suspect accused of hacking bank’s system could have hit other institutions
Hawaii News Now reports: Police are urging Hawaii banks, businesses and government institutions to see if a hacking suspect was spotted on their surveillance video. Kobina Nyarku, 30, has been charged with two felonies for allegedly hacking into Central Pacific Bank’s computer system. Police said he pretended to apply for a job at the bank…
Za: Absa data leak — more customers affected
Jan Vermeulen reports: Absa has sent a notice to several new clients found to be affected by a November 2020 data leak, when a former employee gave people’s personal information to a platform that sold it to third parties. The former Absa staff member behind the leak was a credit analyst who had access to risk modelling systems…
Credit Suisse denies wrongdoing after big banking data leak
BBC reports: Credit Suisse has hit out after a massive data leak has brought to light the hidden wealth of several clients of the bank. Data on more than 18,000 bank accounts, holding more than $100bn (£73.6bn), was leaked to German newspaper Süddeutsche Zeitung by a whistleblower. It includes personal, shared and corporate accounts, as well as…
Elephant Beetle: Stealthy Hacker Group Stole Millions Undetected
Damir Mujezinovic reports: Israeli cybersecurity firm Sygnia released a report in January 2022 revealing that a hacker group dubbed Elephant Beetle siphoned off millions from businesses in the financial sector in Latin America. […] To carry out its Java-based attacks, Elephant Beetle uses a wide arsenal of more than 80 unique tools and scripts, the researchers wrote…
Ukrainian defense ministry hit by DDoS during tense standoff with Russia
Corin Faife reports: On Tuesday, Ukraine’s Ministry of Defence suffered from a DDoS attack that prevented users from accessing its website, and two Ukrainian banks lost access to online banking services, according to statements from the government. In a tweet posted at around 7PM local time (12PM ET), the Ukrainian Ministry of Defence said that its website…