August 25, 2024 at 11:36PM Cyberattacks on critical infrastructure sectors are on the rise in India, with a significant increase in incidents against finance and government systems. The banking and financial sectors consider cybersecurity a top challenge, with concerns about financial stability, data breaches, and the speed of information flow. India is urged to strengthen … Read more
August 7, 2024 at 06:30AM Mortgage lender LoanDepot reported expenses of nearly $27 million due to a recent ransomware attack, which compromised the data of over 16 million individuals. Costs included investigation, customer notifications, legal fees, and litigation settlement. The ransomware group claimed responsibility and planned to sell the stolen data. Keytronic also suffered losses … Read more
August 5, 2024 at 01:24AM Cybersecurity researchers have discovered BlankBot, a new Android banking trojan targeting Turkish users to steal financial information. The malware employs various malicious capabilities, including customer injections, keylogging, and screen recording, and communicates with a control server over WebSocket connection. It also bypasses security features introduced in Android 13. Google is … Read more
July 11, 2024 at 03:28PM Over 2.3 million people are to receive letters due to a data breach at Advance Auto Parts. The breach compromised personal information of job applicants and employees, including names, Social Security numbers, and more. Unauthorized access to the company’s cloud environment was discovered and reported to law enforcement. Credit monitoring … Read more
July 9, 2024 at 09:33AM Evolve Bank & Trust notified 7.6 million individuals of a recent LockBit ransomware attack compromising personal information, including names, Social Security numbers, and bank account information. The company confirmed the incident, stating no ransom was paid, and offered free credit monitoring and identity protection services. There’s no evidence of customer … Read more
July 1, 2024 at 05:24PM Prudential Financial disclosed a data breach compromising the personal information of over 2.5 million people. The breach, attributed to the ALPHV/Blackcat ransomware gang, was detected on February 5, 2024. In an updated report to the Maine Attorney General’s Office, the company confirmed that the breach impacted 2,556,210 individuals. The investigation … Read more
June 28, 2024 at 02:14PM IMS, a multinational corporation specializing in business consulting and IT services, experienced a LockBit ransomware attack in November 2023, compromising sensitive data of over 6 million individuals. The impacted data includes personal and financial information, prompting IMS to offer identity protection and credit monitoring services. The incident affected organizations such … Read more
June 28, 2024 at 11:11AM Evolve Bank, headquartered in Arkansas, was targeted by LockBit ransomware, resulting in a data leak on the Dark Web. Despite this, Evolve assures customers that retail banking services remain secure. The incident followed a recent enforcement action by the Federal Reserve against Evolve for deficiencies in anti-money laundering and risk … Read more
June 6, 2024 at 10:39AM The US government filed a civil forfeiture action to recover over $5.3 million lost by a Massachusetts workers union in a business email compromise scam. Cybercriminals tricked the union into transferring the funds using a spoofed email. The fraudsters transferred the money through intermediary bank accounts. Authorities have seized the … Read more
May 16, 2024 at 05:16PM Santander, a Spanish bank, experienced a data breach from a third-party provider, impacting customers in Chile, Spain, and Uruguay. The bank quickly blocked access to the compromised database and implemented fraud prevention measures. External breaches are becoming a common issue for financial institutions, highlighting the need for proactive risk assessment … Read more