banking

Pierluigi Paganini May 12, 2015
How quantum computing will improve credit card security

Quantum computing in credit cards introduces a new type of encryption (quantum cryptography) that will make magnetic strips and EVS solutions obsolete. Nowadays getting credit card credentials it’s not difficult and you don’t need to have technical skills, you can just buy them in the dark web, but that’s may change in the future thanks […]

Pierluigi Paganini April 14, 2015
Bank and vendors – Which are the threats to cyber security?

The NYDFS released a new report on the Cyber Security in the Banking Sector that highlights problems faced by almost every bank in the US with third party vendors. Last week, The New York State Department of Financial Services (NYDFS) released a report on the Cyber Security in the Banking industry, the analysis revealed several disconcerting […]

Pierluigi Paganini March 17, 2015
Cardless ATMs will improve security of cash withdrawal

A unit of Canada’s Bank of Montreal will launch on Monday its network of cardless ATMs, a technological innovation to improve users’ security. Recently we have discussed different kinds of attacks against ATM machines, the majority of which were conducted by exploiting hardware skimming. Black box attacks and malware based attacks are a few sample of methods recently observed […]

Pierluigi Paganini March 05, 2015
Financial Trojans in 2014 – Symantec reports a significant drop in infections

Symantec revealed observed a significant drop in the number of  Financial Trojans in 2014, a report includes a detailed analysis of the phenomena. Symantec has analyzed the evolution of Financial Trojans in 2014 highlighting a significant drop in the number of detection of malicious agents. Symantec analyzed nine common financial Trojans during 2014, the sample analyzed targeted […]

Pierluigi Paganini February 14, 2015
Crooks steal money from Standard Chartered Accounts by hacking ATMs

A Group of hackers has stolen money from Standard Chartered Bank Accounts by hacking the ATMs of the organization in Pakistan. Recently Pakistan customers of the Standard Chartered Bank have received transaction alerts via email and SMS that alerted them about alleged withdrawals of Rs.50, 000 ($500) cash from their bank accounts. The problem is […]

Pierluigi Paganini February 07, 2015
11 percent of mobile banking apps includes harmful code

A recent study published by RiskIQ security firm revealed that more than 11 percent of mobile banking apps includes harmful code. With the rapid spread of mobile banking services has increased significantly the number of cyber crimes targeting users of major financial institutions. According to an interesting research conducted by the company RiskIQ more than 11 […]

Pierluigi Paganini January 30, 2015
News Zeus shows significant a evolution in the criminal ecosystem

Researchers at SentinelOne have discovered a strain of the Zeus malware that includes a very sophisticated control panel and evasion techniques. Malware researchers at SentinelOne  have spotted a new Zeus variant that was used to target major Canadian banks, including the National Bank of Canada, the Bank of Montreal and the Royal Bank of Canada. […]

Pierluigi Paganini January 11, 2015
Rex Mundi hackers leaked customers’ data of the Swiss Bank they hacked

The hackers of the Rex Mundi group have released online data stolen from The Banque Cantonale de Geneve that refused to pay 10000 EURO. Last week The Banque Cantonale de Geneve has been hacked by the criminal crew Rex Mundi that has tried to blackmail the financial institution. The group of Rex Mundi hackers threatened to […]

Pierluigi Paganini January 09, 2015
Rex Mundi hackers are Blackmailing a Swiss Bank after data breach

The Banque Cantonale de Geneve announced that Rex Mundi hackers had stolen the personal data of thousands of its clients and that it was being blackmailed. The Banque Cantonale de Geneve revealed that a criminal crew has tried to blackmail the financial institution, according a first report on the incident the data breach affected said several thousand […]

Pierluigi Paganini December 25, 2014
Hackers hit a poorly configured server to breach JPMorgan

Security experts involved in the investigation on the JPMorgan breach revealed that hackers exploited the lack of 2FA to compromise a server in the network. JPMorgan suffered months the biggest U.S. banking breach of all time, and now The New York Times provided more information on the case citing sources close to the experts involved in the […]