Remove Accountability Remove Financial Services Remove Social Engineering
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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. The first question asks, Did the request actually come from an authorized owner or signer on the account?

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Report Finds 50% of Scattered Spider Phishing Domains Targeted Finance & Insurance

Digital Shadows

In this blog, well preview the reports highlights and give insights into social engineering campaigns leveraging impersonating domains and our predictions for the threats shaping 2025. Organizations should implement domain monitoring, enforce DMARC policies, and train employees to recognize social engineering methods.

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Octo Tempest cybercriminal group is "a growing concern"—Microsoft

Malwarebytes

Octo Tempest is believed to be a group of native English speaking cybercriminals that uses social engineering campaigns to compromise organizations all over the world. This can be done in a number of ways, but the most common ones involve social engineering attacks on the victim's carrier.

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SharkBot, a new Android Trojan targets banks in Europe

Security Affairs

The trojan allows to hijack users’ mobile devices and steal funds from online banking and cryptocurrency accounts. Once the banking Trojan is installed on the victim’s device, threat actors can steal sensitive banking information through the abuse of Accessibility Services (i.e. ” concludes the report.

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Attackers Use Bots to Circumvent Some Two-Factor Authentication Systems

eSecurity Planet

Underground services are cropping up that are designed to enable bad actors to intercept one-time passwords (OTPs), which are widely used in two-factor authentication programs whose purpose is to better protect customers’ online accounts. By using the services, cybercriminals can gain access to victims’ accounts to steal money.

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A Clear and Present Need: Bolster Your Identity Security with Threat Detection and Response

Duo's Security Blog

Security professionals agree that passwords are low hanging fruit for cybercriminals and can even be the keys to the kingdom when the compromised passwords belong to privileged accounts. Add to this, the risks of weak authentication factors such as SMS one-time passcodes and dormant or inactive accounts.

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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

Social engineering – specifically malicious cyber campaigns delivered via email – remain the primary source of an organization’s vulnerability to attack. Social engineering is a profitable business for hackers – according to estimates, around 3.4 billion phishing e-mails get delivered every day.