Dunya News reports: Echoes pertaining to the sale of Pakistani bank users’ credit and debit cards in black market continues to resonate. An international report suggests that the card data of at least 20,000 Pakistani bank users have been sold at the dark web. It includes 22 Pakistani banks and 19,864 cards. In the first…
Category: Financial Sector
HSBC Bank notifies customers after hacking incident (updated)
On November 2, HSBC sent letters to an undisclosed number of customers concerning a breach of their accounts. A template of the letter was submitted to the California Attorney General’s Office. It states, in part: HSBC became aware of online accounts being accessed by unauthorized users between October 4, 2018 and October 14, 2018. When…
Bank Islami Comes Under Biggest Cyber Attack of Pakistan’s History
Muhamed Bilal reports: Bank Islami Pakistan has come under the biggest cyber attack in the history of Pakistan. The incident came under the limelight when numerous customer of the bank complaint of an unusual activity – that their payments cards are being used in the different international countries. It is alleged that a group of…
Baer ‘Whistleblower’ Cleared by Top Court in Data-Theft Case
Hugo Miller reports: A former Julius Baer banker who leaked documents from a Cayman Islands subsidiary was cleared of breaking Swiss banking secrecy by Switzerland’s top court, creating possible problems for how the Alpine nation’s banks manage their foreign units. The Supreme Court voted 3-2 to reject the arguments of Zurich prosecutors who had appealed…
North Korea’s APT38 hacking group behind bank heists of over $100 million
Catalin Cimpanu reports: According to a new report published today by US cyber-security firm FireEye, there’s a clear and visible distinction between North Korea’s hacking units –with two groups specialized in political cyber-espionage, and a third focused only in cyber-heists at banks and financial institutions. For the past four years, ever since the Sony hack…
Tesco Bank fined £16.4m after hackers siphoned £2.26m from customers in 2016
John McCarthy reports: The Financial Conduct Authority (FCA) has fined Tesco Bank for “failing to exercise due skill, care and diligence in protecting” its current account holders. The ruling comes almost two years after the company was hit with a cyber attack that saw money stolen from an estimated 20,000 customers. Tesco Bank has been…