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Category: Financial Sector

ZA: Postbank to replace 12m bank cards after security breach

Posted on June 14, 2020 by Dissent

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…

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FBI Warns Of Increasing Use of Trojans in Banking Apps

Posted on June 12, 2020 by Dissent

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…

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Bulgarian jailed for stealing bank account data

Posted on June 11, 2020 by Dissent

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…

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Bank of America reveals data breach in PPP application process

Posted on May 30, 2020 by Dissent

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…

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Capital One Must Turn Over Mandiant’s Forensics Report

Posted on May 29, 2020 by Dissent

Jeremy Kirk reports: Capital One has been ordered by a federal judge to turn over the results of a digital forensics investigation into its 2019 data breach, which has been sought by plaintiffs in a class-action lawsuit. The report could provide further insight into what went wrong in one of the most significant breaches of…

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MA: New York City Man Charged with Hacking, Credit Card Trafficking, and Money Laundering Conspiracies

Posted on May 28, 2020 by Dissent

A New York City man was charged Tuesday with conspiracies to engage in computer hacking, trafficking in stolen payment card numbers, and money laundering. Vitalii Antonenko, 28, was indicted on one count of conspiracy to gain unauthorized access to computer networks and to traffic in unauthorized access devices, and one count of money laundering conspiracy….

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