North Korean hackers have stolen $2 billion from banks to fund weapons programme
North Korea has generated an estimated $2 billion in revenues for its weapons programme through the state-sponsored looting of financial institutions and cryptocurrency exchanges, according to a confidential UN report seen by Reuters.
Cybercime economy grows as criminals recycle breached data to attack banks
The financial services sector was subject to 3.5 billion credential stuffing attacks over the past 18 months, as cybercrooks used previously breached log-in data to crack open user accounts.
The numbers come from Akamai’s 2019 State of the Internet / Security Financial Services Attack Economy Report, which found that 50% of all attacks from phishing domains were targeted at the financial sector.
Capital One data breach leaves 100 million vulnerable
Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.
Dubbed one of the largest data breaches to hit a financial services firm, the Capital One hack is expected to cost the company between $100 million and $150 million.
NAB apologises for data breach
National Australis Bank has begun contacting approximately 13,000 customers to advise that some personal information provided when their account was set up was uploaded, without authorisation, to the servers of two data service companies.
Robinhood stored user passwords in plain text
High-flying stock trading fintech Robinhood has warned users to change their passwords after revealing that it stored the sensitive data in plain text, rather than an encrypted format, in its internal systems.
ISACA’s New Cybersecurity Resources Include Hands-on Training to Mitigate OWASP Top 10 Vulnerabilities
Schaumburg, IL, USA (16 July 2019) – The myriad of risks related to web applications can leave organizations feeling overwhelmed. However, with the Open Web Application Security Project (OWASP) Top 10 list of application security risks, organizations have been able to narrow their focus and dedicate resources to the most pressing vulnerabilities.
British Airways faces £183m fine over data breach
British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of people.
The Information Commissioner's Office (ICO) says it intends to fine BA for infringements of the General Data Protection Regulation (GDPR), criticising the firm for "poor security arrangements".
Wells Fargo's Irish arm fined for regulatory breaches
The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.
