TASS reports: Hackers attacked dozens of Russian banks by sending letters on behalf of FinCert on Tuesday, March 15, Kaspersky Lab said in a report on Wednesday. FinCert is a structure of the Central Bank, which warns financial institutions of cyber threats. “On March 15, dozens of Russian banks became targets of cyberattacks by means…
Category: Financial Sector
Malware suspected in Bangladesh bank heist: officials
Serajul Quadir reports: Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. More than a month after hackers breached Bangladesh Bank’s systems and attempted to…
Billion dollar bank heist foiled by hacker’s typo
The Telegraph reports: A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion (£700 million) heist last month involving the Bangladesh central bank and the New York Fed, banking officials said. Unknown hackers still managed to get away with about $80 million, one of the largest known bank thefts in…
Vantage Credit Union employee helped steal thousands from customers
Bailey E Kinney reports: A Vantage Credit Union employee has been charged with identity theft after stealing banking information from customers. Charging documents say 28-year-old Tiara Franklin transferred funds totaling $29,600 into three accounts without the knowledge or consent of the account holders. Franklin was an employee at Vantage Credit Union’s call center located on West…
New Jersey pastor indicted for bribery in case tied to JPMorgan hacking
Nate Raymond reports: A New Jersey pastor was indicted on Thursday for an alleged bribery scheme involving a bitcoin exchange owned by an Israeli man linked to cyber attacks on JPMorgan Chase & Co and other companies. Trevon Gross, the pastor and former chairman of the Helping Other People Excel Federal Credit Union of Jackson,…
CFPB fines start-up Dwolla $100,000 for misrepresenting its data security
It’s not just the FTC looking at your security and your representations to clients about the security of your product. While the FTC recently settled charges against Henry Schein Practice Solutions for advertising a Dentrix product as providing “encryption” when it didn’t, the Consumer Financial Protection Bureau is also taking aim at companies that mislead consumers about security,…