North Korea to blame for string of Latin America bank hacks, insiders say

A string of devastating bank hacks across Latin America all carry North Korean fingerprints, according to three people with knowledge of the matter.

financial news

FBI announces arrest of 74 email fraudsters on three continents

by Sean Lyngaas • 1 week ago

The FBI on Monday announced the arrest of 74 people across three continents for hijacking bank transfers using email fraud.

Claroty raises $60 million to protect industrial networks from 'perfect storm' of cyberthreats

by Zaid Shoorbajee • 1 week ago

Claroty looks to protect operational technology networks from cyberthreats as industrial control systems become increasingly connected and targeted.

As ransomware hobbled Atlanta, banks drilled for next iteration of attacks

by Sean Lyngaas • 3 weeks ago

The exercise, which assembled 18 financial institutions and the industry’s threat-sharing center, simulated a “WannaCry-like” ransomware attack.

Hackers steal PII and payment info of thousands of California residents in company breach

by Zaid Shoorbajee • 1 month ago

The Social Security numbers and payment information of 5,678 California residents may be at risk in an incident involving the Corporation Service Company.

Inside 'Project Indigo,' the quiet info-sharing program between banks and U.S. Cyber Command

by Chris Bing • 1 month ago

CyberScoop has uncovered "Project Indigo," a covert agreement between The Financial Services Information Sharing and Analysis Center and U.S. Cyber Command that allows for the sharing of threat information.

Tanium gets $5 billion valuation after $175 million investment

by Zaid Shoorbajee • 1 month ago

The new funding reinforces Tanium’s position as the most well-funded cybersecurity startup.

A software vulnerability could have been used to siphon over $15 million from Mexican banks

by Mark Satter • 1 month ago

Over $15 million was stolen from Mexican banks this month by thieves who created fake money orders and phony accounts to withdraw funds from dozens of branches.

European Central Bank proposes framework to strengthen financial system’s defenses

by Mark Satter • 1 month ago

The European Central Bank (ECB) wants to make penetration testing a regular practice.

Carbon Black stocks close 26 percent up on first day of public trading

by Zaid Shoorbajee • 2 months ago

The company is optimistic about taking on the well-established players in the cybersecurity market.

Companies are stopping more cyberattacks, but have room to improve defenses, survey shows

by Michelai Graham • 2 months ago

An Accenture survey found that 87 percent of focused cyberattacks are prevented, compared to 70 percent reported in a similar study a year ago. Those numbers could easily be even higher, the consultancy said.

Mulvaney: CFPB hit by over 200 data 'lapses'

by Sean Lyngaas • 2 months ago

Mick Mulvaney revealed Thursday that the agency had suffered some 240 “lapses” in data security over an unspecified time period, in addition to a suspected 800 other such incidents.

Cybersecurity startup empow raises $10 million in Series B funding round

by Zaid Shoorbajee • 2 months ago

The company says its unique in that it leverages its customers’ existing security infrastructure to respond to that threat and uses AI to determine the intent of a threat.

Carbon Black files for IPO

by Zaid Shoorbajee • 2 months ago

Carbon Black's SEC filing says it hopes to raise $100 million. The Boston area company provides antivirus and endpoint security services to protect customers from cyberthreats.

Delta and Sears data breach exposes credit card information of customers

by Mark Satter • 3 months ago

Some customers of Delta Airlines and Sears had their credit card information exposed following a data breach last fall at a mutual contractor, the companies announced Wednesday.

The fear over WannaCry is still very real

by Greg Otto • 3 months ago

The incident at Boeing looks like a tempest in a teapot. But the sting of WannaCry will be with us for years to come.

DMARC 2.0? New BIMI standard will help fight spoofing and phishing

by Shaun Waterman • 3 months ago

Major email service providers are teaming up with large corporations like to develop a new email security standard.

Tax prep tools lag in DMARC implementation, advocacy group says

by Zaid Shoorbajee • 3 months ago

Half of the products tested are not using basic email spoofing protection, GCA says.

SEC commissioner: 'our companies, and our country, are under attack'

by Zaid Shoorbajee • 3 months ago

Corporations need to do more to protect investors from the financial damages of data beaches, an SEC commissioner says.

Want to reduce cybercrime? Undermine black market, watch cryptocurrency exchanges, experts say

by Zaid Shoorbajee • 3 months ago

Lawmakers want to know how to crack down on the monetization of stolen data.

Behavioral analytics firm BioCatch raises $30M to expand product

by Greg Otto • 3 months ago

BioCatch proactively collects and analyzes more than 2,000 parameters to generate user profiles and model different types of genuine and malicious behavior.

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