Banks are already privy to the threat of physical breaches, but many remain unaware of the ATM network security gaps that could enable fraudsters to access their systems.
Researchers revealed how easily ATM security can be thwarted by breaking into a machine and then using malware to take down an entire network.
IBM X-Force identified a new Trojan, dubbed IcedID, that uses advanced browser manipulation tactics to target financial institutions in the U.S. and U.K.
Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.
The cybergang operating the TrickBot banking Trojan were unusually active over the summer, launching new campaigns in Latin America and updating its code.
Effective ATM network protection requires a combination of basic and advanced approaches and a strong SIEM solution to monitor anomalous activity.
Banks and financial institutions require a dynamic strategy to identify emerging cybercrime trends and stop fraudsters in their tracks.
IBM X-Force attributed a recent wave of malware-induced Active Directory (AD) lockouts across several IR engagements to the operators of the QakBot Trojan.
As the financial services landscape increasingly shifts toward digital solutions, it is more crucial than ever to secure API banking environments.
The Indian government implemented new policies and guidance in response to several high-profile attacks against the Indian banking sector in the past year.