The Bank of Russia (central bank) has disclaimed the reports hackers stole two billion rubles ($30.8 million) from its correspondent accounts. “The reports about stolen two billion rubles from the Bank of Russia’s correspondent accounts in a hacker attack are not true to life,” the regulator’s press service told TASS on Saturday. “The review of…
Category: Financial Sector
Your VISA Credit Card Can Be Hacked In Just Six Seconds: Study
Press Trust of India reports: It may take as little as six seconds for hackers to guess your credit or debit card number, expiry date and security code, say scientists who were able to circumvent all security features meant to protect online payments from fraud. Exposing the flaws in the VISA payment system, researchers from…
Russian central bank says bank account hacked in $45 million cyber heist
Andrei Ostroukh reports Hackers broke into accounts at the Russian central bank earlier this year by faking a client’s credentials and attempted to steal $45 million, the bank said in a report released on Friday. The bank said it managed to recover some of that amount—$26 million—but it did not say if that meant the…
Blackmailers target customers of hacked Liechtenstein bank: paper
John Miller and Farah Master report: Customers of a Chinese-owned Liechtenstein bank are being told by unknown blackmailers they must pay a portion of their savings or face having account details sent to finance authorities and the media, a German newspaper reported on Sunday. Those targeted have accounts at Valartis Bank Liechtenstein, located in the…
Report holds Hitachi responsible for debit card data theft
It looks like I missed a breach report in October involving Hitachi Payment Systems, who initially denied any breach of their system. But now Nupur Anand reports that an interim forensics report has found that there was, in fact, a compromise involving malware: …. The breach is said to have occurred because there was malware…
FINRA Fines Lincoln Financial Subsidiary $650,000 For Cybersecurity Shortcomings
Glen A. Kopp and Laura Preback Hang of Bracewell LLP write: A Lincoln Financial Group subsidiary agreed to pay $650,000 to the Financial Industry Regulatory Authority (FINRA) to resolve allegations that it failed to implement sufficient security policies to protect confidential customer information after its web-based customer account database was hacked in 2012. The 2012…