Moscow-based data security firm Group-IB reported Monday (Dec. 11) that a group of Russian hackers stole close to $10 million from several largely U.S. and...
Central banks have expressed concern over the security of payments and the messaging systems that help facilitate inter-bank transactions, a Reuters news report said Thursday,...
In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try...
Bank robberies, even the quirky ones, are serious business. People get killed, hurt or emotionally traumatized by these events. And as scary as it is...
Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with...
Earlier this year, a report from Kaspersky Lab and B2B International found that cybersecurity incidents affecting a bank’s online banking services cost an average of...
With FIs still reacting to last year’s series of cybersecurity attacks, during which hackers infiltrated banks via their connectivity to the SWIFT network, SWIFT has...
NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the...
SWIFT is putting the pressure on its members to enhance their cybersecurity capabilities, according to reports by SC Magazine. According to the publication, SWIFT is encouraging and,...