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Major US Financial Institutions to Take Part in Quantum Dawn 2 Cyber Exercise

The Securities Industry and Financial Markets Association (SIFMA) will perform a cyber-security drill whose purpose is to test the ability of major UK banks, exchanges and coordinating councils to deal with a major cyberattack. Over 50 organizations have announced their participation, including Bank of New York Mell...

19 June 2013
03:37 GMT

Trojan Used to Direct Customers of South Korean Banks to Phishing Sites

Experts have come across a piece of malware that redirects the customers of several South Korean financial institutions to a website that’s designed to trick them into handing over their personal and financial details. The Trojan in question, detected by Trend Micro as TSPY_QHOST.QFB, modifies the infected com...

14 June 2013
17:01 GMT

Bank Employee Falls Asleep on the Job, Accidentally Transfers Millions into an Account

A retiree was supposed to have €62.40 ($82.45) transferred into his bank account. Thanks to a really sleepy German bank employee, he found himself swimming in money. The German employee was carrying out a simple transfer when he dozed off. While napping on top of the keyboard, he typed in an order of €22...

11 June 2013
05:30 GMT

Bank Has Second Thoughts About Lending Money to Logging Companies

Bill Oddie's hilarious spoof documentary about bankers must have really hit home, hence HSBC's now having second thoughts about its decision to lend money to logging companies known to wreak havoc on the environment. Long story short: after being accused of financing companies whose working agenda has lit...

25 May 2013
15:21 GMT

24 People Hid in Bank Vault During Moore, Oklahoma Tornado and Survived

A bank vault left standing after the tornado that hit Oklahoma this week served as a hiding place for 24 incredibly lucky twister survivors. A video shows the horrifying windstorm that leveled the town of Moore, killing 51 people, some of whom children. A branch office belonging to the Tinker Federal Credit Union ...

22 May 2013
08:51 GMT

FBI Gives US Bank Execs Security Clearances to Brief Them on Cyberattacks [Reuters]

Over the past months, financial institutions from the United States have been hit several times by distributed denial-of-service (DDOS) attacks. To aid these organizations, last month, the FBI briefed bank execs on the agency’s investigation into the cyberattacks. According to Reuters, security officers and ot...

14 May 2013
04:53 GMT

RAKBANK and Bank of Muscat Believed to Be Victims of $45M / €34M Cyber Heist

Last week, US authorities charged 8 individuals believed to be involved in a scheme in which fraudsters withdrew a total of $45 million (€34 million) from ATMs all around the world. Prosecutors haven’t named the targeted companies. However, Times of India has learned that the companies targeted by the cyb...

13 May 2013
04:38 GMT

"Iron Man" Bank Robber Caught on Camera in California – Video

The FBI are looking for a man who has managed to pull off a bank heist in California in only 35 seconds. Oddly enough, the suspect was wearing an Iron Man mask, which has got him the nickname “the Iron Man bandit.” He got away in a white Toyota pickup truck after robbing the San Clemente Citibank, the S...

11 May 2013
06:58 GMT

8 Members of Cybercrime Ring Charged, Accused of Stealing $45M / €34M from Banks

United States prosecutors have charged 8 individuals suspected of being involved in a massive cybercrime ring that caused losses of $45 million (€34 million) to financial institutions from all over the world in a matter of hours. The 8 suspects are believed to be the New York cell of an international criminal o...

10 May 2013
03:33 GMT

Phishing Alert: MBNA Credit Card Security

Customers of MBNA are advised to be on the lookout for malicious notifications that inform them of a new security authentication system implemented by the financial institution.  The bogus emails are entitled “MBNA : Credit Card Security !” and they purport to come from mbna@bankcardservices.co.uk. ...

8 May 2013
16:31 GMT

Malware Alert: Merchant Statement from Citibank Paymentech

Several scam advisory websites and security firms are warning users about malware-carrying emails that purport to come from Citibank Paymentech. The emails, entitled “Merchant Statement,” read something like this: “Attached is your Citibank Paymentech electronic Merchant Billing Statement. If you ...

7 May 2013
15:01 GMT

Individual Suspected of Using Malware for 5,000 Bank Account Thefts Arrested in Russia

Russian authorities say they’ve prevented the theft of 1 billion rubles ($31.7 million / €24.4 million) by arresting an individual they suspect has been utilizing the Carberp malware to steal money from the customers of Russian banks. Group-IB, which collaborated with Sberbank and the K Department of Rus...

24 April 2013
09:59 GMT

South Korea Wants Tougher Online Security Regulations for Financial Institutions

In light of the recent cyberattacks that disrupted the operations of several South Korean financial institutions, the country's Financial Supervisory Service (FSS) and the Financial Services Commission (FSC) are determined to instate tougher cyber security regulations for banks, insurers and other firms. The Yo...

24 April 2013
07:18 GMT

Week 7 of OpAbabil 3: Ameriprise, M&T Bank, Regions, Wells Fargo Attacked

Despite the fact that they don’t get as much media coverage as they did when they first launched Operation Ababil, hackers of the Izz ad-Din al-Qassam Cyber Fighters group are not giving up on their objective to get the “Innocence of Muslims” movie removed from the Web. It’s the 7th week sinc...

19 April 2013
07:50 GMT

Trading Software Used by Major Russian Banks Targeted by Cybercriminals

Cybercrime investigation company Group-IB has identified a new type of malware that’s specifically designed to target QUIK, a stock brokerage platform used by many financial institutions worldwide, including ones from Russia such as Sberbank, Alfa-Bank and Promsvyazbank. The company reveals that up until ...

18 April 2013
04:45 GMT

OpBlackSummer: Hackers Claim to Have Breached First National Bank of Mercersburg

Hackers of the Tunisian Cyber Army continue their preparations for OpBlackSummer, the campaign they’ve initiated against the United States. They claim that their latest target is an official website of the First National Bank of Mercersburg (fnbmbg.com). The hackers have told E Hacking News that they’ve ...

8 April 2013
05:26 GMT

Online Services of Dutch Banks Disrupted by DDOS Attacks

The systems of several financial institutions from the Netherlands were targeted with a distributed denial-of-service (DDOS) attack earlier this week. According to Dutch publication NOS, the attacks have disrupted ING’s Internet and mobile banking systems. They’ve also impacted online payments made via i...

6 April 2013
03:54 GMT

DDOS Attacks Disrupted Sites of Major US Banks for 249 Hours in Six Weeks

Izz ad-Din al-Qassam Cyber Fighters have initiated phase three of Operation Ababil, a campaign which they claim aims at getting the US government to order the removal of the Innocence of Muslims movie from the Web. According to a report from NBC News, over the past six weeks, the websites of 15 major US financial in...

5 April 2013
05:11 GMT

Week 4 of Operation Ababil 3: Bank of America and Wells Fargo Sites Disrupted

On Tuesday, Izz ad-Din al-Qassam Cyber Fighters announced the initiation of week 4 of Operation Ababil 3.  “We have already stated that removal of the offensive video, INNOCENCE OF MUSLIMS, from YouTube is the simplest solution to stop the cyber-attacks,” they wrote in their latest statement. Accor...

27 March 2013
06:43 GMT

One More Bank Embraces Microsoft’s Software

Microsoft is not only a company that’s trying to sell software and hardware to end users, but also one that’s betting big on large businesses that could adopt its products. Khushhali Bank is one of the most important names that have decided to make the move to Microsoft software, as the Pakistani bank re...

22 March 2013
18:01 GMT

Website and Mobile Banking Service of TD Bank Disrupted by DDOS Attack

A distributed denial-of-service (DDOS) attack has been launched against the systems of Canada-based Toronto-Dominion (TD) Bank.  Currently, the website appears to be working properly, but around 19 hours ago, the following message was published on Twitter by the financial institution’s representatives: &l...

22 March 2013
07:57 GMT

Week 3 of Operation Ababil 3: Citibank, Chase, BB&T, US Bank Targeted

Izz ad-Din al-Qassam Cyber Fighters seem determined not to give up on their objective of getting the Innocence of Muslims movie removed from the Internet, so they keep launching distributed denial-of-service (DDOS) attacks against the websites of US financial institutions. According to their latest statement, last w...

21 March 2013
06:49 GMT

Chase Was Not Hacked, Zero Account Balances Caused by Internal Issue

On Monday, Twitter became flooded with posts from JP Morgan Chase customers who reported that their account balance was showing 0 when checking it online. Considering the large number of cyberattacks against US banks, most assumed the bank was hacked. However, the financial institution’s representatives say th...

19 March 2013
06:48 GMT

Week 2, OpAbabil 3: Attackers Not Using All Resources to Take Down Bank Sites

Another series of websites owned by financial institutions have been disrupted this week by Izz ad-Din al-Qassam Cyber Fighters as part of the ongoing Operation Ababil. Earlier this week, the hackers launched distributed denial-of-service (DDOS) attacks against the websites of BB&T and JP Morgan Chase. According to...

15 March 2013
05:54 GMT

Phishing Scam Alert: Westpac Account Notification, 3 Incorrect Logins

Fake Westpac notifications entitled “Account Notification : 3 incorrect login” have been spotted these days in inboxes. Experts warn Australian users not to trust the emails since they’re part of a cybercriminal campaign designed to trick the bank’s customers into handing over their informatio...

13 March 2013
19:41 GMT

Week 2, Operation Ababil 3: Sites of JP Morgan Chase and BB&T Disrupted

On Tuesday, the public websites of JP Morgan Chase and BB&T were taken offline for a short period as a result of the distributed denial-of-service (DDOS) attacks launched against them by Izz ad-Din al-Qassam Cyber Fighters. According to the Hilf-ol-Fozoul blog, visitors of bbt.com were met with a message that read: ...

13 March 2013
04:46 GMT

Week 2 of Operation Ababil 3 Initiated, Attacks Against Banks to Continue for 7 Months

Izz ad-Din al-Qassam Cyber Fighters have announced the start of week 2 of the third phase of Operation Ababil, the campaign they’ve initiated hoping they can get the US government to order the takedown of the Innocence of Muslims movie from YouTube. Since, so far, only the main copy of the controversial film h...

12 March 2013
08:56 GMT

Bank Account Phishing Scam: NetCode Security Alert

Cybercriminals continue to send bogus NetCode notifications in an attempt to trick the customers of Australian and New Zealand financial institutions to hand over their personal and financial details. Entitled “NetCode Security Alert!” or “NetCode Security Notification!,” – depending o...

11 March 2013
19:11 GMT

Reserve Bank of Australia Hacked, Organization Says Nothing Was Stolen

The Reserve Bank of Australia is the latest major organization to report being targeted by sophisticated hackers. However, according to the bank’s representatives, no sensitive information was stolen in the attacks. “As reported in today's media, the Bank has on occasion been the target of cyber att...

11 March 2013
04:40 GMT

Operation Ababil 3, Week 1: US Bank, HSBC and BT&T Websites Disrupted

Izz ad-Din al-Qassam Cyber Fighters have initiated phase three of Operation Ababil. On Thursday, we learned that the sites of financial institutions such as Bank of America, Capital One, Wells Fargo, Citibank, PNC and Fifth Third Bank were disrupted. However, these aren’t the only United States banks targ...

8 March 2013
05:04 GMT

Websites of Major Czech Banks, Stock Exchange Disrupted by DDOS Attacks

The websites of several major financial institutions from the Czech Republic were disrupted on Wednesday by a series of distributed denial-of-service (DDOS) attacks launched by unknown hackers. The site of the Prague Stock Exchange (BCPP) suffered a similar fate. The public websites of Raiffeisen Bank, Komerčn&iacut...

8 March 2013
03:48 GMT

Operation Ababil 3: PNC, BoA, Citibank, Wells Fargo and Others Targeted

As they’ve promised, Izz ad-Din al-Qassam Cyber Fighters have initiated phase 3 of Operation Ababil, the campaign whose goal is to get US authorities to order the removal of the controversial Innocence of Muslims movie from YouTube. Several US financial institutions have already been targeted, including Bank o...

7 March 2013
06:00 GMT

JPMorgan Cuts 17,000 Jobs, 7 Percent of Workforce

JPMorgan Chase has announced plans to cut over 17,000 jobs over the next two years, which translates to approximately 7 percent of its workforce. Financial Times details that the bank currently employs about 259,000 people. Chief executive Jamie Dimon has revealed the strategy during the bank's annual sharehold...

27 February 2013
05:29 GMT

Hackers: Attacks on US Banks Will Be Resumed If All Copies of Film Are Not Removed

At the end of January, Izz ad-Din al-Qassam Cyber Fighters announced that they would temporarily stop attacking the systems of US financial institutions because the main copy of the Innocence of Muslims movie was removed from the web. However, at the time, they warned that they were only suspending the operation to...

12 February 2013
05:34 GMT

Indian Authorities Arrest Hacker Who Planned to Breach Bank Accounts of 4 Firms

Indian authorities have arrested a Doranda college student involved with a cybercriminal group. Investigators have learned that the suspect used Facebook to interact with other hackers. According to the Daily Bhaskar, the fraudsters wanted to steal a total of 70 crores (the equivalent of around $13 million) from fou...

11 February 2013
03:39 GMT

2 Banks Get Robbed in 15 Minutes by the Same Woman – Photo

Police in Washington D.C. need help identifying the woman pictured above, who is wanted for two robberies. She managed to pull off both thefts at two separate banks in the capital city, on the same day. What's more incredible is that the banks were robbed in 15 minutes’ time. Some outlets, including W USA...

5 February 2013
08:07 GMT

Experts Hack Audio Tokens Used by African Banks

Researchers Shingirayi Padya and Graeme Neilson of Aura Information Security have found a way to hack the audio one-time passwords used by many African banks to protect their customers against fraudsters. While most financial institutions rely on applications or SMSs to send their customers one-time passwords when p...

4 February 2013
10:46 GMT

Phishing Scam: Secure Your Intelligent Finance Internet Banking Authorization

Customers of Intelligent Finance – the Scottish offset bank, a division of Bank of Scotland – are advised to beware of emails which inform them that they must secure their Internet banking authorization.  Entitled “Secure Your Intelligent Finance Internet Banking Authorization,” the mali...

1 February 2013
05:16 GMT

al-Qassam Cyber Fighters Launch Attacks on 14 New Financial Institutions

This week, week 7 of Operation Ababil 2, Izz ad-Din al-Qassam Cyber Fighters haven’t stopped after taking down the public website of 10 US banks. Instead, according to Hilf-ol-Fozoul, they've continued the attacks and added 14 new financial institutions to their target list. The list of organizations...

25 January 2013
03:23 GMT

Week 7 of Operation Ababil 2: Sites of Zions, Huntington, and Capital One Taken Down

Izz ad-Din al-Qassam Cyber Fighters have managed to disrupt the operations of 10 US financial institutions as part of the 7th week of Operation Ababil 2. Their latest targets, according to the Hilf-ol-Fozoul blog, are the websites of Zions Bank, Capital One and, for the first time since the campaign has started, Hunt...

24 January 2013
04:18 GMT

64% of Banks Suffered DDOS Attacks in the Past 12 Months, Study Finds

A new study, conducted by the Ponemon Institute on behalf of security firm Corero, reveals that 64% of financial institutions suffered at least one distributed denial-of-service attack in the past year. The figures from the report show that of the 650 IT and IT security practitioners who took part in the survey, 78%...

23 January 2013
18:01 GMT

Week 7 of Operation Ababil 2: BoA, Harris Bank, Citibank, and Regions Attacked

In the sixth week of Operation Ababil 2, Izz ad-Din al-Qassam Cyber Fighters launched distributed denial-of-service (DDOS) attacks only against three US financial institutions, but this week they seem to be determined to make up for it. According to the Hilf-ol-Fozoul blog, ever since the hacktivists initiated week ...

23 January 2013
08:18 GMT

Cybercriminals Steal $40,000 from First United Church

A total of $40,000 (30,000 EUR) have been stolen by cybercriminals from the bank account of First United Church, a religious organization located in Ladysmith, British Colombia, Canada.  According to Canada.com, the church’s representatives noticed that money was missing from their bank account over Chris...

22 January 2013
09:49 GMT

UnionBank of the Philippines Customers Warned About Phishing Scam

Customers of the UnionBank of the Philippines are advised to be on the lookout for bogus emails that might appear to originate from the bank. Experts warn that the emails are designed to lure recipients to a phishing website. GFI Labs has analyzed this latest campaign and has found that the phishing website, which a...

21 January 2013
15:11 GMT

Online Banking Security Tips from F-Secure Experts – Video

Security firm F-Secure has launched a video series to answer some important questions about online banking security. In the ten short videos, F-Secure’s Chief Research Officer Mikko Hyppönen and Sean Sullivan, Security Advisor at F-Secure Labs detail topics such as remembering strong passwords, ATM securi...

18 January 2013
16:01 GMT

ATMs Allow $1 (€0.75) and $5 (€3.75) Withdrawals – A Sign of Recession?

Chase and PNC costumers will be able to benefit from the option of withdrawing $1 (€0.75) or $5 (€3.75) bills from ATMs. With many other banks, clients are prompted for a $20 (€15) minimum. According to the Inquisitr, the measure has already been implemented in several locations around the United Stat...

18 January 2013
07:32 GMT

Week 5 of Operation Ababil 2: SunTrust, HSBC, Fifth Third, PNC, ZionsBank Attacked

Izz ad-Din al-Qassam Cyber Fighters continue to launch attacks as part of the fifth week of their campaign dubbed Operation Ababil 2. The latest targets are the websites of SunTrust, HSBC US, Fifth Third Bank, and PNC Financial Group. While all of these organizations have been targeted before, this week the hackti...

11 January 2013
05:41 GMT

First Investment Bank of Bulgaria and BBY Diamonds Sites Hacked by Sepo

The hacker known as Sepo has breached the website of Israeli diamond trader BBY Diamonds (bbyloosediamonds.com) and the one of Bulgaria’s First Investment Bank (fibank.bg). He hacker told me that he breached the site of BBY Diamonds “for the lulz.” “They have a lot of money but don't w...

11 January 2013
03:34 GMT

Week 5 of Operation Ababil 2: Wells Fargo Site Suffers Downtime

The website of Wells Fargo has once again fallen victim to the distributed denial-of-service (DDOS) attacks launched by Izz ad-Din al-Qassam Cyber Fighters as part of the fifth week of Operation Ababil 2. A screenshot captured by Hilf-ol-Fozoul shows that users who tried to access the site on Wednesday were met with...

10 January 2013
08:29 GMT

Belfius Bank Phishing Emails Target Belgian Users

Internauts are advised to be on the lookout for fake emails purporting to come from Belfius Bank, the Belgian financial institution that up until recently was known as Dexia Bank Belgium. The bogus notifications appear to come from email addresses such as:  - beveiligingswaarschuwing@belfius.be - info@belfius.b...

8 January 2013
15:41 GMT


More: next 50 >>

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