US banks are backing away from crypto companies, concerned by a regulatory crackdown that threatens to sever digital currencies from the real-world financial system. Banking regulators are raising concerns about banks’ involvement with crypto clients following last year’s blowup of Sam Bankman-Fried’s FTX. The Securities and Exchange Commission is aggressively pursuing the industry’s bigger players in a crackdown that threatens to narrow their reach. That move has alarmed bankers who don’t wan
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The cybercriminal-controlled botnet known as TrickBot has become a public enemy number one (again) for the cybersecurity community. It has survived takedown attempts by Microsoft, analysts from leading cybersecurity firms, and even US Cyber Command. It now appears that the hackers behind TrickBot are trying a new technique to infect the deepest recesses of infected machines, reaching beyond their operating systems and into their firmware.
The security firms AdvIntel and Eclypsium revealed that t
Brazil is known for its pristine beaches, nightlife, hot dancing, and of course - The Girl from Ipanema. A recently uncovered Brazilian banking Trojan targeting Android devices can spy on over 150 apps, including those of banks, cryptocurrency exchanges, and fintech firms, as a way to gather credentials and other data, according to an analysis by security firm Kaspersky. A Trojan is sometimes called a Trojan virus or a Trojan horse virus, but that is a contradiction. Viruses can execute and r
Encryption is a valuable partner in maintaining privacy. Encryption keeps our data safe from unwanted guests. It stops people from robbing our valuable credit card details, our app usage habits, and our passwords. While this is the answer for those with privacy concerns, IT teams will face a massive influx of traffic that they cannot look inside without decryption technology. This means encryption brings a bit of a double-edged sword because cyber threat actors can use it too. Encryption ca
Account takeover seeks to infiltrate an existing account and use them for the criminal’s benefit. Cyber threat actors will target any firm from any market segment, so there is no pattern to follow. Once the criminal accesses the account, they may make unauthorized purchases and cash advances; they may also change account information so that the real owner does not receive notifications from the account.
According to a recent report, account takeover has tripled over a year-to-year comparison,
The Cybersecurity and Infrastructure Security Agency (CISA) and other US agencies have issued a warning about increases in bank e-thefts worldwide organized by a hacking group called "BeagleBoyz." Researchers believe this group has ties to the North Korean government. The BeagleBoyz group is a subset of the North Korean-backed hacking collective known as the Lazarus Group or Hidden Cobra. The report with details of how the BeagleBoyz have made off with an estimated $2 billion in funds and cry
