Vulnerabilities in financial mobile apps put consumers and businesses at risk
Security hubris. It’s the phrase we use to refer to our feeling of confidence grounded on assumptions we all have (but may not be aware of or care to admit) about cybersecurity—and, at times, privacy. It rears its ugly head when (1) we share the common notion that programmers know how to code securely; (2)…
Can you get back stolen money?
People truly enjoy the perks of the digital era and tend to shop and pay online or via mobile banking. Research commissioned by Kaspersky Lab confirmed that the majority of users (81%) rely on the Internet in their financial routines, and almost half of them (44%) store financial data on their devices. And yet, only…
Increasing number of financial institutions falling prey to cyber attacks
66.2 percent of financial organizations faced at least one cyber-security attack in the last year, according to MetricStream Research. The report, based on a survey conducted in July 2016, features the perspectives of C-level information security professionals in over 60 banking and financial services firms across the globe. The respondents represented financial enterprises of multiple…
Was Theft Of Money From 20,000 Tesco Bank Customers An Inside Job?
UK bank confirms attack, but so far has not used the word ‘hack.’ Threat actors appear to have broken new ground with an attack on the UK’s Tesco Bank where they managed to steal money from more than 20,000 accounts at nearly the same time in automated fashion. Details of the weekend attack are still…