Items tagged with banks

Cyber thieves may have stolen personal data of 90,000 people from two of the largest banks in Canada, including Bank of Montreal and Imperial Bank of Commerce. The banks are in the process of verifying the theft after the supposed culprits notified the financial institutions over the weekend that they were in possession of personal and financial records for a portion of their customers. Bank of Montreal is the fourth largest bank in Canada. The institution said it was contacted on Sunday by the cyber thieves, who claim to have stolen customer data relating to some of its 8 million customers across Canada. At present, Bank of Montreal believes that less than 50,000 of its customers are affected... Read more...
Given the string of success hackers have had with compromising the security of major retailers, it can’t be surprising that hackers have also been targeting more juicy targets – namely, banks. After Russian anti-malware company Kaspersky was brought in to investigate a malfunctioning ATM in the Ukraine, it discovered that a group of hackers had been ripping off banks for the past two years, possibly raking in more than $900 million. The affected banks working with Kaspersky have been keeping quiet during the investigation and it’s possible that even more banks have been breached, but haven’t alerted authorities or joined the investigation. Kaspersky will release a report today that estimates... Read more...
One of the things we're not looking forward to in 2015 is a continuation of cyberattacks against companies big and small. For whatever reason, hackers have been on a rampage in 2014, hitting banks and retailers like Target, Home Depot, and others. It's gotten so out of hand that some companies have started hacking back. According to Bloomberg, the hack-back mentality is being fueled, in part, by the lack of intervention by U.S. officials. When that's the case, there remains little recourse for private-sector companies doing business in the U.S., so they've begun walking a fine legal line as they attempt to hack the hackers. U.S. companies have even hired cybersecurity firms to help them fight... Read more...
Avast, makers of the self-titled free antivirus software (along with paid Internet security suites), has discovered that the "Tinba Banker" Trojan is back in circulation, and this time it's targeting more than two dozen financial institutions in the United States. There are some big names among them, including Bank of America, HSBC, TD Bank, Chase, Wells Fargo, PNC, and more. This nasty piece of malware sneaks its way onto customer PCs through the Rig Exploit kit, which takes advantage of Flash or Silverlight exploits. Unfortunately for the victim, he or she can fall prey to the Trojan simply by visiting a banking site that's been infected with the Rig Exploit kit. Don't just walk, but run away... Read more...
Think your week was rough? Trying running security for a U.S. bank, many of which were hammered with non-stop cyberattacks for more than seven days. According to reports, Bank of America, JPMorgan Chase, Citigroup, and around half a dozen banks in all saw significant traffic surges and suffered disruptions in service, which are typically telltale signs of denial-of-service (DoS) attacks. We noticed some downtime at PNC bank, which apparently was hit pretty hard. PNC spokesman Fred Solomon told Yahoo News in a telephone interview that the flow of data on the company's website peaked at 65 gigabits per second during the attacks, and that it's the strongest surge in traffic the bank has ever seen.... Read more...