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Money transfer hack: Threat is real and what to do about it

Source: National Cyber Security – Produced By Gregory Evans Remittance transactions in the UAE continue to be vulnerable to hackers and financial institutions must work closely with intelligence units in order to mitigate the risk of customers losing millions of dirhams to cybercriminals, a currency firm said. The UAE … The post Money transfer hack: […]

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Mozilla hackers audit cURL file transfer toolkit, give it a tick for security

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Source: National Cyber Security – Produced By Gregory Evans

Mozilla hackers audit cURL file transfer toolkit, give it a tick for security

Four remote code execution holes patched along the way
Mozilla has given the widely-used cURL file transfer library a thumbs up in a security audit report that uncovered nine vulnerabilities.
Of those found in the free security review were four

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Judge expedites hearing on contested student transfer – Education Week

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Hacker Transfer $1.7 million From School Fund

Social Engineering is a part of hacking technique which is easily be done. U.K.’s St. Aldhelm’s Academy loses $1.7 Million when they receive a Phishing Email – a Spoo email from their bank which asked for the bank account details.

The finance staff didn’t check for its authentication and gave all the details in reply to that e-mail. They even didn’t recognize it’s fake until they loss more than 1 million.

These were the funds taken as a loan from Department for Education’s Education Funding Agency for the building. The school is now paying it back without even using it in right place for what actually they taken for.

The school has placed a report and police is still investigating.

Source: http://whogothack.blogspot.co.uk/2014/04/hacker-transfer-17-million-from-school.html#.Vhwalvmqqko

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Which Online Money Transfer Service Is the Most Secure?

Source: National Cyber Security – Produced By Gregory Evans

Dear Lifehacker, Services like Venmo, Square Cash and other instant money-transfer services make sending a money to friends, splitting a check, or paying the rent easy. However, Venmo was just called out for its lax security, and now I’m spooked. Which of these apps are secure? Can I trust them? Sincerely, Mobile Moneymaker Dear Mobile Moneymaker, Money transfer services that let you send money from your bank account to anyone with a few clicks at your computer, or a few taps on your smartphone, are fairly popular. Once you’re used to sending money to a friend by email address or phone number instead of asking them for a banking and routing information, it can be really convenient. It’s even better if you live far apart, don’t carry cash, or want to send money instantly instead of wait for your bank to process the funds. However, whenever you grant a service access to your bank account, you also open the door to identity theft, stolen money, fraudulent transactions, or worse. Like you mentioned, last week Venmo, one of the most popular apps of this type (owned by Paypal), was got caught up in a nasty hack that ended up with one […]

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