News Topic: Network security

Iranian hackers have a history of targeting U.S. banks. Security experts discussed how bankers can prepare themselves if such attacks are renewed as part of a response to the killing of Qassem Soleimani. ... Read full article

Severe attacks are on the rise in all sectors, including financial services. There are several specific defenses banks can employ to mitigate and recover from them. ... Read full article

The PFM app provider Personal Capital set up a safe way for hackers to expose vulnerabilities in its software. ... Read full article

Security companies report a recent spike in spearphishing campaigns originating in Iran and targeting banks. ... Read full article

Political contributions from Wall Street rose, but did they influence policy?; bank stocks post biggest monthly gain since President Trump was elected. ... Read full article

Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable. ... Read full article

The auditing and consulting firm said Monday that it’s currently informing the clients affected and has notified governmental authorities after it became aware of the incident. ... Read full article

Two related and equally humiliating cases of high-level bankers completely falling for fake emails illustrate the dangers of social engineering and the need to better protect executives and other employees from themselves. ... Read full article

Better information security will remain the foundation of success as the financial services industry moves quickly to engage new business models. ... Read full article

Researchers have found serious flaws in the way transport layer security protocols — a longstanding bulwark of online banking — have been modified for mobile apps. ... Read full article

Verizon’s Data Breach Investigation Report finds cybercriminals are focusing their efforts on banks’ web servers and websites. ... Read full article

Attacks on ATMs and point-of-sale machines are getting more sophisticated and frequent. Crooks are trying to get as much use as they can out of their skimming devices before the migration to chip cards is complete. ... Read full article

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives. ... Read full article