financial services | Page 2


New variants of android banking malware target even more German banks, popular social media apps, and more Summary In my previous blog I provided a detailed analysis of a new android banking malware that spoofed the mobile applications of several large German banks to trick users into revealing their banking credentials. This week I found several new variants of this growing malware, and in this update I am sharing these new findings. Install the malware One of these variants masquerades as another German mobile banking app. Once installed,... [Read More]
by RSS Kai Lu  |  Nov 18, 2016  |  Filed in: Security Research
Summary We recently found an Android banking malware masquerading as an email app that targets several large German banks. This banking malware is designed to steal login credentials from 15 different mobile banking apps for German banks. It also has the ability to resist anti-virus mobile apps, as well as hinder 30 different anti-virus programs and prevent them from launching. Install the malware The malware masquerades as an email app. Once installed, its icon appears in the launcher, as shown below. Figure 1. Malware App Icon   Figure... [Read More]
by RSS Kai Lu  |  Nov 18, 2016  |  Filed in: Security Research
The financial services industry is always looking at the latest trends to better protect their data. Read this post to learn what’s happening today. [Read More]
by RSS Brian Forster  |  Nov 01, 2016  |  Filed in: Industry Trends & News
The financial services industry is consistently under attack. Review this cybersecurity checklist to make sure your organization is prepared. [Read More]
by RSS Brian Forster  |  Oct 12, 2016  |  Filed in: Industry Trends & News
Financial organizations can benefit from a change in thinking. Read this post to learn how thinking like a cybercriminal can prevent data breaches. [Read More]
by RSS Brian Forster  |  Sep 30, 2016  |  Filed in: Industry Trends & News
Financial cybersecurity has become a front-and-center topic due to a number of recent high-profile breaches. In the last few months, we have witnessed one of the largest bank robberies ever – a whopping $81 million taken during the digital Bangladesh Bank heist. On the heels of the Bangladesh Bank heist, Russian authorities also announced the detainment of up to 50 suspected hackers for stealing $45 million from banks. In response to these attacks, the U.S. Securities and Exchange Commission (SEC) chair declared cybersecurity as the biggest... [Read More]
by RSS Brian Forster  |  Sep 07, 2016  |  Filed in: Industry Trends & News
Insider security threats are commonly plaguing today’s financial institutions. Read this post to find out the most common threats. [Read More]
by RSS Brian Forster  |  Sep 01, 2016  |  Filed in: Industry Trends & News
The need for cybersecurity vendors in the financial services marketplace has amplified as the threats have increased exponentially due to IOT, BYOD, and state-sponsored cyberterrorism, to name just a few factors.  When looking for proof of the financial sector’s concern with security, we need to look no further than a recent meeting the Treasury Department held to discuss the current threats presented by the cyberthreat landscape. As a result of the damage that can be done due to data breaches in financial services, many organizations... [Read More]
by RSS Brian Forster  |  Aug 11, 2016  |  Filed in: Industry Trends & News
According to research, nearly half (40 percent) of people in the U.S. and the U.K. have fallen victim to an online account being hacked, a password stolen, or personal information being compromised. Stats like these have many industries, like banking, scrambling for ways to batten down the hatches when it comes to protecting sensitive customer data. In fact, the frustration banks have experienced by thieves stealing personal data from millions of customers has prompted swift action, as many of the largest entities (like Bank of America and Wells... [Read More]
by RSS Srikant Manda  |  Jul 13, 2016  |  Filed in: Industry Trends & News
The Enterprise security market has grown extremely complicated over the past decade. This complexity is being compounded as the business of Financial Services moves from person-to-person transactions to automated high-speed machine-to-machine operations and workflows. We originally designed security systems that protect people from other people – vaults, teller cages, guards, armored cars, alarms, and security cameras. These tools allowed us to trust people as business partners.  This has all changed. Financial Services is moving to... [Read More]
by RSS Araldo Menegon  |  Jun 30, 2016  |  Filed in: Industry Trends & News