Multiple banks in Eastern Europe have been attacked from inside their network via various electronic devices connected directly to the company's own infrastructure, security researchers have discovered.
A data breach at HSBC Bank has allowed attackers to gain access to a limited amount of customer's information such as account numbers, balances, addresses, transaction history, and much more.
The UK Financial Conduct Authority (FCA) announced today that they have fined Tesco Bank £16.4 million for negligence in protecting their customers in a 2016 cyber attack that caused £2.26 million to be stolen from the bank's customers.
Hackers rooted in the white-hat part of the business moonlight as bank robbers, pouring their knowledge and skills into creating and modifying malware that allows them to infiltrate financial institutions.
Representatives of Cosmos Bank, India's second-largest cooperative bank, revealed this week that hackers breached the bank's servers over the weekend and stole over 940 million rupees ($13.5 million) across three days.
Attackers are targeting DLink DSL modem routers in Brazil and exploiting them to change the DNS settings to a DNS server under the attacker's control. This then allows them to redirect users attempting to connect to their online banks to fake banking websites that steal the user's account information.
A notorious hacker group known as MoneyTaker has stolen roughly $1 million from a Russian bank after breaching its network via an outdated router.
Hackers have used a disk-wiping malware to sabotage hundreds of computers at a bank in Chile to distract staff while they were attempting to steal money via the bank's SWIFT money transferring system.
Two Canadian banks put out statements on Monday announcing separate cyber-incidents affecting their customers. The two are Simplii Financial, a subsidiary of CIBC, and the Bank of Montreal —two of Canada's biggest banks.
Despite their leader's arrest in Spain two months ago, the Cobalt hacker group that's specialized in stealing money from banks and financial institutions has remained active, even launching a new campaign.
US-based SunTrust Bank said it is working with law enforcement after it discovered that a former employee had stolen private information belonging to nearly 1.5 million customers.
At least three Dutch banks and the Dutch tax office reported on Monday suffering coordinated DDoS attacks against their respective infrastructures.
A UK court has sentenced a Barclays bank employee to six years and four months in prison for helping members of the Dridex cyber-criminal network launder over £2.5 million, which is approximately $3.33 million at today's exchange rate.
A cyber-criminal group believed to be operating out of Russian-speaking territories has hit at least 20 banks and financial companies and stolen millions of US dollars in the process.
Kaspersky Lab experts have found a new trojan that was deployed to aid cyber-heists of banks in Russia, Armenia, and Malaysia. Experts named the new trojan Silence.
Evidence suggests the infamous Lazarus Group, a hacking crew believed to be operating out of North Korea, is behind the recent hack on the Far Eastern International Bank (FEIB) in Taiwan.
A cyber-criminal gang has stolen over $40 million from Eastern European banks using a clever new technique that combines hacking the bank's network, the manipulation of overdraft limits, disabling fraud alerts, and mass ATM withdrawals.
Bitcoin price took a huge fall on Friday after Caixin, a Chinese financial magazine, reported that Chinese Central Bank officials are working on rules to ban the trading of Bitcoin and all other cryptocurrencies on Chinese exchanges.
The $1 million ransom payment paid last week by South Korean web hosting company Nayana has sparked new extortion attempts on South Korean companies.
Chaos reigned in the Philippines yesterday as one of the country's main banks had to shut down ATM withdrawals and online transactions amid rumors of getting hacked.