When customers put money in a bank, they need to trust it will stay there. Because of the high stakes involved for the customer, such as financial loss, and how…
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Cost of a Data Breach: Banking and Finance
The importance of cybersecurity has touched almost every industry. Beyond that, robust cybersecurity is table stakes for several sectors, particularly health care and the banking and finance industry. Not only…
Lessons Learned by 2022 Cyberattacks: X-Force Threat Intelligence Report
Every year, the IBM Security X-Force team of cybersecurity experts mines billions of data points to reveal today’s most urgent security statistics and trends. This year’s X-Force Threat Intelligence Index…
BrazKing Android Malware Upgraded and Targeting Brazilian Banks
Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile…
Banking and Finance Data Breaches: Costs, Risks and More To Know
As each year passes, cybersecurity becomes more important for businesses and agencies of every size, in nearly every industry. In 2020, ransomware cases grew by 150%, and every 39 seconds,…
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…
TrickBot Pushing a 2FA Bypass App to Bank Customers in Germany
IBM X-Force researchers recently analyzed an Android malware app that’s likely being pushed to infected users by the TrickBot Trojan. This app, dubbed “TrickMo” by our team, is designed to…
Emotet SMiShing Uses Fake Bank Domains in Targeted Attacks, Payloads Hint at TrickBot Connection
Before a short lull in mid-February, Emotet was in the midst of a rise in activity that has been apparent since late 2019 — in terms of both spam and…
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),…
From Backhoes to Operating Systems: The Top Five ATM Security Weaknesses
Few targets are as appealing to criminals as automatic teller machines (ATMs). After all, they can store hundreds of thousands of dollars and, unlike banks or armored cars, can have…