banks

Thu
29
Mar
John Lister's picture

Billion Dollar Cyber Crime Chief Finally Caught

A man has been arrested for allegedly stealing more than a billion dollars in cyber attacks. The tactics were so outlandish, they almost sounded like the words used by Richard Pryor's character in Superman III. The unnamed man was arrested in Spain ... after an investigation that involved officials from six countries on three continents plus private cyber security firms. The man is alleged to have led a gang that attacked more than 100 banks and other financial institutions around the world. The gang has been operating for at least three years using three forms of malware, known as Anunak, ... (view more)

Thu
11
Dec
Brandon Dimmel's picture

Cyber Attacks on Businesses Doubled in 2014: Report

A new report suggests that hackers took aim at twice as many businesses in 2014 when compared to the previous year. The report comes from Russian security company Kaspersky Lab; its Global Research and Analysis Team says it detected seven major ... advanced persistent threats (or APTs) over the past twelve months, resulting in approximately 4,400 attacks targeting private sector organizations in an estimated 55 countries. Kaspersky researchers say that's more than double the roughly 1,800 corporations targeted by cybercriminals in 2013 . Sophisticated Attacks May Be Supported by National ... (view more)

Thu
10
Jan
Dennis Faas's picture

Iran Accused of Hacking US Banks

United States officials believe Iran is responsible for a string of recent cyber attacks on American banks. They say the sophistication of the attacks and the hacks' aim of disrupting services rather than stealing cash both suggest government rather ... than private activity. The attacks have been coming since September and have disrupted the online services of many U.S. banking institutions, including Bank of America, BB ... (view more)

Fri
09
Nov
Dennis Faas's picture

Homeland Security: US Banks 'Actively Under Attack'

According to the United States' Homeland Security chief, America's biggest financial institutions are "actively under attack" by hackers. Experts suggest it's a troubling scenario that is only going to get worse. Homeland Security chief Janet ... Napolitano recently discussed this problem at a cybersecurity event hosted by The Washington Post. In her presentation, Napolitano told attendees that cybercriminals are actively stealing data and money from major US banks. However, she stopped short of providing much detail. "I really don't want to go into that per se...I'm not giving you any classified ... (view more)

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