An international operation has disrupted a major botnet and malware that had caused millions of dollars in damage. Law enforcement agencies from the United States, France, Germany, the Netherlands, the United Kingdom, Romania and Latvia have disrupted the botnet and malware known as Qakbot, the...
Cybersecurity is of the utmost concern for financial institutions (FIs) of all types, ranging from community credit unions to multibillion-dollar international banking conglomerates to everyday consumers. More than 2 million fraud reports were issued to the Federal Trade Commission in 2020, reaching a total loss...
Digital-first banks are used to fending off external threats like data breaches and botnet attacks, but their cybersecurity measures can fall short of protecting against internal threats like phishing schemes. In the Digital-First Banking Tracker, Bala Nibhanupudi, chief technical officer at First Bank, discusses why...
Automated bots can wreak havoc on banks, but building an airtight defense can impede a good user experience. The challenge is separating the good bots, such as search aggregators, from the bad ones attempting fraud. In this month’s Digital Fraud Tracker, PYMNTS spoke with Raghu...
May 27, 2016
You want to know what really sizzled this week? The weather in Boston – and it’s about darn time. We’ve even stopped complaining now that we skipped spring altogether and went right into summer – the sun is shining and everyone is smiling. The forecast for the long holiday weekend looks outstanding, too, which just […]
June 02, 2024
Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of several companies, Bloomberg News reported Saturday (June 1), describing Wang as a “superhacker.” The report, citing information from the Thai Central Investigation Bureau, said that agency — working with American […]
August 29, 2023
An international operation has disrupted a major botnet and malware that had caused millions of dollars in damage. Law enforcement agencies from the United States, France, Germany, the Netherlands, the...
July 25, 2018
A new report from Kaspersky Lab shows an increase in botnet-assisted DDoS attacks, including the recurrence of old vulnerabilities and the rise in gaming and cryptocurrency as targets. The Q2 2018...
February 22, 2018
So-called “burst attacks” are a rising threat to organizations as they grow in complexity, frequency and duration. In fact, one study found that 42 percent of organizations experienced this type...
