A hacking group reportedly claims to have stolen 1 billion records from cloud databases hosted by Salesforce and is attempting to extort Salesforce and the companies to which that data belongs. The group published a data leak site on the dark web and is using...
Oracle is reportedly investigating hacks of some customers’ E-Business Suite applications after hackers who said they were affiliated with a ransomware group claimed to have breached the applications. The hackers demanded ransoms, in one case $50 million, from the large organizations they contacted, Bloomberg reported Thursday...
Watch more: Need to Know: Entersekt, Mzu Rusi When it comes to fraud, banks have traditionally built their defenses around the obvious exits. Wire transfers, ACH, peer-to-peer (P2P) payments and other ways money leaves the institution are the red flags that fraud prevention teams obsess...
Cisco released software updates Wednesday (Sept. 24) that address a vulnerability that could leave affected devices open to denial of service (DoS) and remote code execution attacks. The vulnerability, and the updates, are related to the Simple Network Management Protocol (SNMP) subsystem of Cisco IOS...
Watch more: Digital Shift: Entersekt, Steve Bledsoe Real-time payments thrill consumers and businesses with immediate fund transfers, but that same speed attracts fraudsters. Banks eager to meet customer expectations must rethink defenses because scams, particularly authorized push payment (APP) fraud, are spreading and pressure is...
Fraud continues to plague the payments system — and regulators are asking for answers. Banks, credit unions and payment networks responded to a joint Request for Information (RFI) from the Office of Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance...
Hackers are reportedly upping their focus on major corporate supply chains to bolster ransomware schemes. The number of attacks on these companies’ third-party suppliers doubled in 2024, and cybersecurity experts predict that the problem will only increase this year, the Financial Times reported Monday (Sept....
Stakes are high for the banking and FinTech sectors as cyberattacks grow more frequent and costly. These firms sit on oceans of sensitive data and operate interconnected networks that attract sophisticated hackers. At the center of their defense strategy is the Cybersecurity Information Sharing Act...
Fraudsters, aided by advanced technologies, pose a pervasive and escalating threat to the financial system, financial services and risk experts told lawmakers on Capitol Hill Thursday (Sept. 18). A House Financial Services Committee oversight and investigations subcommittee hearing titled “Fraud in Focus: Exposing Financial Threats...