Grace Macrae reports: China has opened another front against India with sustained cyber attacks targeting government websites and banking systems. The Chinese DDOS (distributed denial of service) attacks have targeted information websites and the country’s financial payments system. DDOS attacks are malicious attempts to overwhelm a network by flooding it with artificially created internet traffic….
Category: Financial Sector
KR: Police Launch Probe into Possible Leak of Credit Card Data
KBS reports that Seoul police are investigating a “possible massive leak” of data of local credit and debit cards. Police said on Monday that they seized two external hard drives from a suspect surnamed Lee, who allegedly attempted to hack into the computer network of a local commercial bank last year. The seized hard drives…
ZA: Postbank to replace 12m bank cards after security breach
ITWeb reports: The Postbank is having to replace about 12 million bank cards at a cost of R1 billion after a major security breach that exposes the personal data of millions of social grant beneficiaries and other account holders, Sunday Times reports. The report says the breach resulted from the printing of the bank’s encrypted master…
FBI Warns Of Increasing Use of Trojans in Banking Apps
Akshaya Asokan reports: The FBI is warning that cybercriminals and fraudsters are increasingly targeting mobile banking apps with malware in order to steal credentials and conduct account takeover attacks. In a public alert published Wednesday, the FBI’s Internet Crime Complaint Center warns that fraudsters have increasingly used malicious apps as the COVID-19 pandemic has driven an increasing number of…
Bulgarian jailed for stealing bank account data
Phan Anh reports: A Bulgarian man was sentenced to seven months and 15 days in jail on Wednesday for stealing and storing bank account information in HCMC. Stamov Ruslan Todorvo, 37, entered Vietnam last October and stayed in Ho Chi Minh City’s District 7. He frequented several ATMs of different banks to install a device…
Bank of America reveals data breach in PPP application process
Caroline Hudson reports: Bank of America Corp. (NYSE: BAC) has revealed a possible data breach on business clients’ information for the Paycheck Protection Program. The breach occurred on April 22, as BofA uploaded PPP applications onto the U.S. Small Business Administration’s test platform, according to a filing with the California Attorney General’s Office. The limited-access…