PYMNTS-MonitorEdge-May-2024

Hackers

A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" can refer to any skilled computer programmer, the term has become associated in popular culture with a "security hacker", someone who, with their technical knowledge, uses bugs or exploits to break into computer systems.

Source: en.wikipedia.org

German Financial Authority Warns Consumers About ‘Godfather’ Android Banking Trojan
German Financial Authority Warns Consumers About ‘Godfather’ Android Banking Trojan
January 10, 2023  |  Security & Fraud

Germany’s Federal Financial Supervisory Authority (BaFin) has warned consumers about “Godfather” malware attacks. On Monday (Jan. 9), the regulator said that around 400 banking and...

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Financial Crimes and Scams Will Be Among 2023’s Few Certainties
Financial Crimes and Scams Will Be Among 2023’s Few Certainties
December 29, 2022  |  Security & Fraud

The year 2023 holds few certainties, but financial crimes and scams will be among next year’s sure bets. The past year has seen any number...

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CFOs’ Fight Fraud With Automation and Education
CFOs’ Fight Fraud With Automation and Education
December 13, 2022  |  Security & Fraud

Gone are the days when chief financial officers (CFOs) were considered old-fashioned and tech illiterate. According to Ofer Brown, general manager of Israel and APAC...

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Apple Beefs Up Cloud Encryption to Protect Data
Apple Beefs Up Cloud Encryption to Protect Data
December 07, 2022  |  Apple

Apple is adding three new tools to help users protect their data in the cloud.  The new security features will be rolled out over the...

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Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
December 06, 2022  |  Fraud Attack

Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the...

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$2 Billion Self-Hack Highlights DeFi’s Slow Crisis Reaction Problem
$2 Billion Self-Hack Highlights DeFi’s Slow Crisis Reaction Problem
November 04, 2022  |  Cryptocurrency

Decentralized finance has a control problem it must solve if it is to become the economic force supporters believe — and opponents fear — that...

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Hacktober’s $718M Losses Are an Existential Threat to DeFi
Hacktober’s $718M Losses Are an Existential Threat to DeFi
October 26, 2022  |  Cryptocurrency

October hasn’t been kind to crypto, with $730 million lost to 18 hacks this month alone, driving the 2022 total loss to $3 billion. With...

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Report: Binance Nears Identification of Those Behind Oct. 6 Hack
Report: Binance Nears Identification of Those Behind Oct. 6 Hack
October 24, 2022  |  Security & Fraud

With help from law enforcement and using its own resources, cryptocurrency exchange Binance is reportedly closing in on identifying the person or people behind an...

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Crypto Hackers Clean Up in October, Adding to $3B Haul 
Crypto Hackers Clean Up in October, Adding to $3B Haul 
October 13, 2022  |  Cryptocurrency

Crypto hackers busted through the gates of 2022 mounting up record hauls of swiped assets, already closing in on last year’s tally. So far this...

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