IBM Security Trusteer’s mobile security research team has recently discovered a major mobile banking fraud operation that managed to steal millions of dollars from financial institutions in Europe and the…
Browsing CategoryBanking & Financial Services
New Vizom Malware Discovered Targets Brazilian Bank Customers with Remote Overlay Attacks
IBM Security Trusteer researchers have discovered a new malware code and active campaign targeting online banking users in Brazil. The malware, coined “Vizom” by the team, uses familiar remote overlay…
Taking the Risk Out of Mergers and Acquisitions
In the post-COVID-19 economy, cyber risk and cybersecurity will play a central role in unlocking mergers and acquisitions (M&A) deal valuations. While economic uncertainty has contributed to a decline in…
Mitigating Containers Risk Requires a Comprehensive Approach
Containers have become a staple among large banks and financial services firms, which have used the technology in production. It has captured the attention of the broader market, that hopes…
The Security Risks of Contactless Payment
Contactless payment first arrived in the 1990s and is now having its moment. Both companies and consumers are looking for ways to conduct business with as little physical interaction as…
Ginp Malware Operations are on the Rise, Aiming to Expand in Turkey
The Ginp mobile banking malware, which emerged in late 2019, is one of the top most prevalent Android banking malware families today. It started as a simple short message server (SMS)…
Should Organizations Be Operating Outside of Their Risk Appetite?
Business opportunities around the world have increased significantly as the online presence of individuals and businesses has increased during lockdowns enforced due to the novel coronavirus pandemic. But with added…
New Study Shows Consumers Could Be Vulnerable to COVID-19 Spam
Since the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic on March 11, IBM X-Force has observed a more than 6,000 percent increase in COVID-19-related spam, with lures…
CamuBot Resurfaces With Cross-Channel, Targeted Attacks in Brazil
The malware discussed in this blog saw input from X-Force researchers Andre Piva and Ofir Ozer. It was initially described in a blog post by X-Force’s Maor Wiesen and Limor…
How Will Strong Customer Authentication Impact the Security of Electronic Payments?
Rapid changes in the payments industry, the meteoric rise of e-commerce and the constant threat of fraud have led the European Union (EU) to update its Payment Services Directive (PDS),…