May 15, 2024 at 09:00AM Santander bank in Spain disclosed a data breach affecting some customers and employees due to unauthorized access to a third-party database. Santander clarified that the breach only impacted customers in Spain, Chile, and Uruguay, and some former employees. The bank assured customers that their operations and systems are unaffected, and … Read more
April 11, 2024 at 08:18AM Financial organizations have faced 20,000 cyberattacks in the last 20 years, resulting in over $12 billion in losses, according to the IMF. These attacks, particularly targeting banks, carry a risk of extreme financial losses and potential economic instability. Effective regulations and international collaboration are crucial for mitigating these risks in … Read more
January 18, 2024 at 02:09PM JPMorgan Chase’s CEO revealed at Davos that the bank fends off 45 billion cyberattack attempts daily, doubling from the previous year. With 62,000 technologists, JPMC claims to outpace Google and Amazon. The financial giant faces perceived risks, revealed by the Bank of England, and a $272m fraud lawsuit, amid ongoing … Read more
December 20, 2023 at 06:56PM IBM Security discovered a JavaScript code injected into online banking pages, compromising 50,000 user sessions with 40+ banks globally. The DanaBot Windows malware infects PCs, waits for users to access bank sites, then steals login credentials. It targets financial organizations across continents. The malware communicates with a server and adapts … Read more
November 10, 2023 at 10:32AM The Industrial & Commercial Bank of China (ICBC) has confirmed that it experienced a ransomware attack on November 8, which disrupted its services. The attack impacted certain financial services systems, including its ability to connect to DTCC/NSCC and settle U.S. Treasury trades for other market participants. ICBC is conducting an … Read more
October 12, 2023 at 10:38AM The private sector’s utility, telecom, banking, transportation, and medical networks are facing unprecedented threats from state actors, particularly from China. The Director of National Intelligence warns that China is capable of launching cyberattacks that could disrupt critical infrastructure services within the United States. To protect their networks, organizations should cultivate … Read more