Swiss bank data released by hackers
The Swiss state owned Banque Cantonale de Geneve has confirmed that hackers have released confidential customer correspondences after the bank refused to pay the ransom demanded by the attackers
Banking
Dutch University unveils ‘fraud proof’ credit card concept
A Dutch university has reportedly made great steps towards making the dream of a 'fraud-proof' credit card a reality by utilizing quantum physics.
Tor a major source of bank fraud, says US Treasury Dept.
Tor has been used to mask the identities of cybercriminals in a significant number of bank frauds for over a decade, according to a US Treasury Department report obtained by Brian Krebs on his Krebs on Security website.
MasterCard and Visa to end password authentication
MasterCard and VISA have revealed their plan to end the use of passwords for online payments, reports The Telegraph.
Apple Pay and security – what you need to know
Mobile payments look set to be one of the defining technologies of 2015, as the launch of Apple Pay catalyses a boom in cardless payments - both from Apple’s own system, and rivals playing catch-up.
Biometric wristband piloted by Canadian bank
A group of Canadian issuing banks have begun a pilot test of an NFC-enabled version of Nymi - a biometric wristband that uses the cardiac rhythm of the wearer to authenticate the user's identity.
American Express wants to swap card numbers for tokens
American Express has launched a new service, which looks to swap payment card numbers with unique tokens, reports Network World.
The Evolution of Webinject
Last month, we presented “The Evolution of Webinject” in Seattle at the 24th Virus Bulletin conference. This blog post will go over its key findings and provide links to the various material that has been released in the last few weeks.
Obama signs federal credit cards security order
President Barack Obama has signed an executive order to increase security on federal credit cards, and has urged retailers and banks to do similar to combat identify fraud, reports Reuters.
Chip & PIN & Signature, Magstripes and EMV Go‑Faster Stripes
The US is still perceived as a hotspot for card fraud: what difference will the ongoing roll-out of Chip & Signature EMV make?
New banking malware ‘Dyre’ targets Bank of America, CitiGroup accounts
A dangerous new strain of malware has been discovered, able to steal banking credentials without alerting users to the interception.
Call for new cyber laws after major U.S. banks knocked offline for 249 hours in six weeks
Representative Mike Rogers, Chairman of the Permanent Select Committee on Intelligence, said that Congress needs to act quickly, in an interview with NBC this week. The websites of major U.S. banks have been offline for 249 hours in the past six weeks, due to a series of sustained cyber attacks by an unknown foreign group.
UK consumers remain concerned about bank security
A survey of UK consumers, sponsored by telecoms supliers Avaya and Sabio had some worrying results for the financial sector.
Caphaw attacking major European banks using webinject plugin
Analysis of malicious code dubbed Win32/Caphaw (a.k.a. Shylock) attacking major European banks, with ability to automatically steal money when the user is actively accessing his banking account.
British bank employee accessed bank statements of partner’s ex‑wife
A Barclays employee accessed her partner's ex-wife's bank statements when he was involved in a legal dispute over the terms of a divorce settlement.