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Cybercrime proliferates against banks, other businesses

Keep employees off the Internet and have workers avoid clicking on any attachment or link in an email. Those are the only sure ways to avoid cyberattacks, according to three experts who spoke today at the North Bay Business Journal’s conference on cybersecurity in Rohnert Park. Maybe it sounds severe… View full post on National Cyber Security Ventures

Cyber attacks: clear and present danger for banks

Source: National Cyber Security – Produced By Gregory Evans

Banks as well as governments make tempting targets for cyber warriors, whether they are individuals or state actors. The number and sophistication of attacks will grow and become increasingly difficult to counter. While cyber attacks by Russia are prominent in the news, that country is not alone in excelling at…

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Hackers threaten South Korean banks with DDoS attacks

Source: National Cyber Security – Produced By Gregory Evans

KB Kookmin Bank, Shinhan Bank, Woori Bank, KEB Hana Bank, NH Bank and two other South Korean banks were reportedly threatened with DDoS attacks last week. The Armada Collective hacking group has issued a ransom demand of approximately £245,700 to seven South Korean banks, threatening to launch distributed denial of…

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Russian Hacking Threatens Lithuania’s Banks

Source: National Cyber Security – Produced By Gregory Evans

Russian Hacking Threatens Lithuania’s Banks

Politically-motivated cyber attacks from Russia pose the biggest threat to Lithuania’s financial system, a survey of financial institutions conducted by the Baltic country’s central bank showed on Tuesday. The survey comes amid accusations of Russian hacking activity in other countries, including during the presidential elections in the United States and…

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U.S. banks use powerful cybersecurity to avoid WannaCry attack

Source: National Cyber Security – Produced By Gregory Evans

U.S. banks use powerful cybersecurity to avoid WannaCry attack

WannaCry ransomware has locked up IT systems at hospitals, government agencies and manufacturers around the globe, but U.S. banks have gone largely untouched, thanks to their embrace of powerful cybersecurity measures. U.S. banks managed to remain unscathed because they rapidly apply new software security patches and regularly back up data, according to Steve Silberstein, chief executive of Sheltered Harbor LLC, …

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New York lightens cybersecurity steps for banks despite surge in hacking

Source: National Cyber Security – Produced By Gregory Evans

New York lightens cybersecurity steps for banks despite surge in hacking

Amid a global spike in hacks of corporate computer systems, New York on Wednesday introduced drastically watered-down cybersecurity measures for banks.
The revised cyber regulations no longer require banks to put a single executive in charge of cybersecurity — nor

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Major Russian banks say unaffected by cybersecurity threats

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Source: National Cyber Security – Produced By Gregory Evans

Major Russian banks say unaffected by cybersecurity threats

Russia’s leading financial group VTB and the biggest lender Sberbank said on Friday cyber threats have not affected their activities.
Earlier in the day, Russia’s Federal Security Service (FSB) announced that foreign special services were plotting a series of cyber

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Hackers Target UK Banks Via Twitter

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Source: National Cyber Security – Produced By Gregory Evans

Hackers Target UK Banks Via Twitter

A new social media phishing scam campaign has been identified by security researchers at Proofpoint, which is targeting all major UK banks and their customers. The scam campaign involves hackers creating fake Twitter accounts, posing as customer support staff, in

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Hackers Target SWIFT-Using Banks With Odinaff Malware

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Source: National Cyber Security – Produced By Gregory Evans

Hackers Target SWIFT-Using Banks With Odinaff Malware

A malware-wielding gang has been targeting financial firms’ SWIFT software to inject fraudulent money-moving messages since at least January in “discreet campaigns” not tied to the Bangladesh Bank hack, security firm Symantec warns.
The emergence of the targeted attacks, which

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Can banks do biometric security? We’d trust them before the government

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Source: National Cyber Security – Produced By Gregory Evans

Can banks do biometric security? We’d trust them before the government

Brits have more faith in their banks than government agencies to roll out authentication technologies based on biometrics, according to a new survey from Visa.
Consumers are nearly twice as likely to trust banks to store and keep their biometric

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