banking FinCEN

Why Security Must be the Focus of Modern Banking

U.S. consumers are shying away from digital banking due to security concerns. According to a PYMNTS Digital Banking report, 47% of consumers worry about their data security, despite significant interest in digitized ...
Security Boulevard
Amazon Echos Hack Themselves, Fraud Is Flourishing on Zelle, Samsung Galaxy Source Code Stolen

Amazon Echos Hack Themselves, Fraud Is Flourishing on Zelle, Samsung Galaxy Source Code Stolen

A new attack uses Alexa’s functionality to force Amazon Echo devices to make self-issued commands, payment app Zelle has become popular with fraudsters and banks don’t seem to care, and details about ...

Fraud on Zelle

Zelle is rife with fraud: Zelle’s immediacy has also made it a favorite of fraudsters. Other types of bank transfers or transactions involving payment cards typically take at least a day to ...
open banking Endpoint security financial services

The State of Commercial Banking and Security

The shift to digital banking has been a game-changer for financial institutions. But while digital has opened up whole new avenues for customer experience and revenue within the banking sector, one major ...
Security Boulevard
open banking Endpoint security financial services

Banking’s Digital Future Raises Security Concerns

As the global financial services industry undergoes a seismic shift, disruption is prompting the industry to replace traditional practices, with emphasis on the inevitable digital future banks will have to embrace. In ...
Security Boulevard
IDV Strata identity segmentation IAM fraud JumpCloud

Solving the Puzzle of Global Identity Verification

With customer bases that span the globe and the growing prevalence of online fraud, financial service providers know that effective identity verification (IDV) is imperative. But meeting anti-money laundering (AML) and know ...
Security Boulevard
The Annual Cost of Cyberattacks on the Banking Industry Reaches $18.3 Million Per Enterprise! (1)

Banking Industry Faces Surge in Cyber Security Challenges

  Cybersecurity attacks are evolving, getting more sophisticated, more frequent, and spreading worldwide. It seems like not a day isContinue reading The post Banking Industry Faces Surge in Cyber Security Challenges appeared ...

Turkish Banking Agency Mandates Better Software Supply Chain Hygiene

Today, application attacks and breaches are often the result of easily exploited – and easily rectified – open source vulnerabilities. While we hope companies would self-regulate their cybersecurity hygiene in our software ...

Financial Institutions Care about Fast Deployments

FSIs Are Under Siege Large financial services institutions (FSIs) supporting thousands of workers have had to accelerate their plans for remote working since March 2020.   In our conversations with FSIs during ...
Rooty Dolphin uses Mekotio to target bank clients in South America and Europe

Rooty Dolphin uses Mekotio to target bank clients in South America and Europe

Key Points  Rooty Dolphin is a threat actor who uses Mekotio to target banks  Mekotio is a banking trojan with Brazilian origins  Rooty Dolphin started targeting South America but moved to Europe some months ago ...