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When it comes to preventing financial crime such as anti-money laundering, organizations need to make use of a customer screening process that takes human errors into account – Let’s dig deeper! A financial crime and compliance management (FCCM) solution have many components and steps, but as a whole, it is designed to prevent, detect, investigate, […]
You are not alone; Visa payment network is down across Europe – The company says it is aware and working to fix the issue. If you are unable to process your Visa credit or debit card then you are not alone; Visa card payment network is currently suffering service outage throughout Europe. The significance of Visa service […]
The financial services industry is crucial to the health of the UK economy – accounting for more than a million jobs (double that employed in agriculture, for example) and contributing more than £120 billion in gross value added. The country has a healthy trade surplus of £60 billion-plus in this sector – and it’s one […]
It’s time to Pull your Money Out of the Banks- Suggests the Online Hacktivist Group — Anonymous Takes Hacktivism to Another Level. The online hacktivist group Anonymous known for targeting government servers has now shifted its focus on the financial and banking sectors. Using its conventional approach, the group announced the launching of its latest campaign […]
The IRS announced in an official statement today that it has closed down an online service to obtain tax records after sensing an “unusual activity” and it was detected that an illegal third party had accessed some accounts on the transcript application. Initially, it was discovered that the access was gained to more than 100,000 […]
Kristopher Ives, a computer programmer from Oregon, USA believes that a Bitcoin donation of $0.33 to pay the legal fees for famous NSA whistle-blower Edward Snowden is enough to land him in jail. According to Ives, the donation he made violates an executive order from President Obama, which prohibits the transfer of funds to individuals […]
It was discovered during an investigative process carried out by the law enforcement agency that data of American Express Card holders has been acquired by unauthorized individuals most probably cyber criminals. However, the circumstances that led to this discovery are yet undisclosed. Moreover, it is also unclear whether the American Express helped in the investigation […]
Dyre Wolf malware, a dynamic campaign has been discovered by researchers, which already has raked in more than $1 million. This latest campaign utilizes a combo of social engineering and malware. The campaign has been dubbed as the Dyre Wolf campaign by IBM Security Researchers. According to them, this campaign targets businesses and firms that […]
Paypal got itself into a heavy fine totaling $7.7 million after being alleged to have processed payments for highly suspicious customers that led to the breach of US sanctions. Paypal made a settlement with the U.S Treasury Department to pay the fine for having processed the suspicious payments amounting to $44000. Paypal however did not […]
Not even a month has passed since AllCrypt Bitcoin was taken down and another Altcoin exchange has been attacked by hackers. Cryptoine offers numerous markets that are generally absent from larger exchanges. Apparently, it has stopped operating due to a hack attack. Operators of Cryptoine have promised to reveal details but no specific time or […]
Hackers are targeting bank of America’ customers with a phishing campaign – If you are a customer at the bank of America DO NOT click any such link. Cybercriminals can send you a fake Bank of America website link in an email or through a social media account. Once you will click the link, it will redirect you […]
Medical and financial data of around 11 million Premera Blue Cross customers has potentially been exposed due to a breach that apparently occurred on the same date as of the Anthem breach. The firm announced about the breach on Tuesday and revealed that it identified the violation on January 29, 2015, and collaborated with the […]
In a joint operation cyber police from United Kingdom, Netherlands, Germany and Italy have claimed successful breakdown of what can be the world’s biggest ever botnets known as Ramnit. The Ramit malware is so dangerous that according to researchers it has compromised more than 3.2 million Microsoft Windows based PCs, and still active in 350,000 computers […]
PayPal will not be processing payments for MEGA, a cloud storage services business, citing the company’s encryption as a problem. “PayPal has ceased processing MEGA customer payments effective immediately,” said MEGA, Kim Dotcom’s encrypted storage startup, in its blog post. PayPal raised concerns over its end-to-end encryption. “MEGA has a unique model with its end-to-end […]
On Wednesday 17th Feb, 2015, a group of hacktivists calling themselves “The oppressed defenders” conducted a cyber attack on Saudi Arabian based bank AlJazira in shape of a Distributed denial of service attack (DD0S). As a result the online banking and e-service domains of bank AlJazira were forced to go offline for more than thirty minutes. One of the hacker told HackRead […]
In an isolated incident in late 2013, an ATM at Kiev started dispensing cash randomly without any human interaction; much to the surprise and pleasure of customers present there swiftly collected the cash. An investigation by Kaspersky Lab, a Russian cybersecurity firm, confirmed that it was not the bank’s problem; rather the bank’s internal computers […]