Post Tagged with: "cybersecurity"

New Ransomware Uses Social Media, Demands Payment in Bitcoin

New Ransomware Uses Social Media, Demands Payment in Bitcoin

by November 29, 2016 at 10:46 am 0 comments

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin. Dubbed ImageGate by software company Check Point, the malware embeds itself into image or graphic files onRead More

The 4 Biggest Cybersecurity Errors for Consumers to Avoid on Black Friday

The 4 Biggest Cybersecurity Errors for Consumers to Avoid on Black Friday

by November 24, 2016 at 9:09 am 0 comments

Phone: charged. Cards: ready. Game face: on. Black Friday is here, and consumers couldn’t be more ready to win—because that’s what this day is about, not shopping, winning—but before they dive in plastic-first, shoppers should make sure they’re staying safe while they shop, and nowadays that means protecting their onlineRead More

Behavioral Recognition Is One-Upping Biometrics in Cybersecurity Circles

Behavioral Recognition Is One-Upping Biometrics in Cybersecurity Circles

by November 22, 2016 at 12:13 pm 1 comment

Scanning a thumbprint to access your bank account seems completely safe, right? Well, a notorious German hacker names Jan Krisller – a.k.a. Starbug – demonstrated how easy it is to duplicate a fingerprint or even an iris, using a high-res photo. He used Angela Merkel’s photo. Other hacks have foiled fingerprintRead More

Biometric Security Gains Popularity, But Is Far from Foolproof

Biometric Security Gains Popularity, But Is Far from Foolproof

by November 10, 2016 at 12:20 pm 0 comments

The importance of cybersecurity, particularly to banking, is under a spotlight at the moment, as online and mobile banking users and financial consumers find themselves dealing with hacks, Trojans, and malware bots, all gaining ground in the last two months. Whenever cybersecurity is discussed, the topic of biometric authentication risesRead More

We’re A Little Worried About this Android Banking Malware, and Here’s Why

We’re A Little Worried About this Android Banking Malware, and Here’s Why

by November 7, 2016 at 12:19 pm 2 comments

It’s a rough year to be an Android fan: a new banking Trojan has infected over 200,000 Android devices over the last month, by influencing or pushing users to enter their online or banking credentials into a screen overlaid onto the open app. The Android Trojan is targeting a collectionRead More

Biometrics and the Evolution of the ‘Insured Internet’

Biometrics and the Evolution of the ‘Insured Internet’

by October 25, 2016 at 9:35 am 1 comment

LAS VEGAS — At Money 2020—a global event surrounding really everything involving money currently happening in the one and only Las Vegas—one of the topics on everyone’s minds is definitely security, specifically of the digital kind. At this point we know the stats: hackers, fraudsters, and literal-minded smart contract readersRead More

SPECIAL ALERT: DDoS Attack Shuts Down Key Fintech Sites

SPECIAL ALERT: DDoS Attack Shuts Down Key Fintech Sites

by October 21, 2016 at 1:46 pm 1 comment

PayPal, Braintree, Shopify and several other key fintech sites were shut down today, apparently as a result of a denial of service attack early this morning on Dyn, an internet service provider. The attack knocked down the sites — we count at least a dozen key fintech sites down — for several hours.Read More

What Does the Massive Yahoo Hack Mean for Banks?

What Does the Massive Yahoo Hack Mean for Banks?

by October 1, 2016 at 9:00 am 0 comments

The topic that has been on everyone’s minds this week, aside from the next act in Wells Fargo’s little drama, is cybersecurity. It’s one of those things that businesses of all kinds are constantly thinking about, but only makes a public appearance when something has gone horribly, horribly wrong. LikeRead More

The SWIFT Hacks May Accelerate the Transition to Blockchain-based Cross-Border Payments

The SWIFT Hacks May Accelerate the Transition to Blockchain-based Cross-Border Payments

by May 20, 2016 at 1:00 am 2 comments

It has been an interesting news cycle in Fintech. First we had Lending Marketplace Meltdown Week. The takeaway: “all this new fangled stuff is messed up and its time to go back to the tried and the true”. Then we had the news that SWIFT, the venerable cross border paymentRead More

PayPal Said to Be Unaffected in EBay Breach

PayPal Said to Be Unaffected in EBay Breach

by May 21, 2014 at 11:02 am 0 comments

EBay today is asking all users to change their passwords due to a cyberattack that has compromised key data. However, according to eBay, financial information, as well as its mobile payment subsidiary Paypal, remain safe. The fear is that PayPal was compromised in the attack. However, eBay maintained that thereRead More