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Second Swift cyber-attack detected
A Swift cyber-attack, similar to one that saw $81m (£56m) stolen from Bangladesh’s central bank, has reportedly hit a second bank. The warning about the second attack came from Swift, which oversees the financial messaging network that underpins global money transfers. Swift said the target was a commercial bank but did not name the organisation [...]
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FTC investigates card industry data security auditing
The US Federal Trade Commission (FTC) is flexing its muscles regarding data security. In early March 2016 the agency issued orders to nine companies that conduct payment card industry data security standards (PCI DSS) audits. The FTC requested information on how the companies measured compliance with the PCI DSS. Specifically, it sought details about the [...]
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SWIFT rejects Bangladeshi claims over cyber heist
SWIFT on Monday heavily rejected allegations by officials in Bangladesh that technicians with the global banking system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT [...]
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Card Not Present fraud to exceed $7 billion
iovation and Aite Group have developed an impact note entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculates that card not present fraud – fraudulent transactions where a credit card is not physically presented to a merchant – will cost retailers and financial institutions $7.2 Billion in the United States by the end of 2020. [...]
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Kaspersky: All ATMs can be hijacked with ATM malware
ATMs can be easily hacked and ATM malware installed, meaning funds could be stolen, a report by Kaspersky Labs has revealed. The company identified two key hardware flaws with the ATMs it researched – the fact that the computer inside the machine can be easily accessed and once hackers manage to reach the PC, they [...]
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