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Japan ’s FSA warns of unauthorized trades via stolen credentials from fake security firms’ sites

Security Affairs

Japan s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts. Japan s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.

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The Rise of One-Time Password Interception Bots

Krebs on Security

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. An ad for the OTP interception service/bot “SMSRanger.”

Passwords 342
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Still Using Passwords? Get Started with Phishing-Resistant, Passwordless Authentication Now!

Cisco Security

“ Cisco Duo simplifies the passwordless journey for organizations that want to implement phishing-resistant authentication and adopt a zero trust security strategy. “Over the last few years, we have increased our password complexities and required 2FA wherever possible. . “ – Jack Poller, Senior Analyst, ESG.

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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Scams 361
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BEST PRACTICES: Mock phishing attacks prep employees to avoid being socially engineered

The Last Watchdog

Social engineering, especially phishing, continues to trigger the vast majority of breach attempts. In 2015, penetration tester Oliver Münchow was asked by a Swiss bank to come up with a better way to test and educate bank employees so that passwords never left the network perimeter. Related: Why diversity in training is a good thing.

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Disneyland Malware Team: It’s a Puny World After All

Krebs on Security

A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode , an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic. com — which was created to phish U.S.

Malware 330
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The danger of data breaches — what you really need to know

Webroot

Financial services industry: Banks, insurance companies and other financial organizations offer a wealth of opportunity for hackers who can use stolen bank account and credit card information for their own financial gain. Use strong, unique passwords: Strong, unique passwords are a simple, yet powerful security tool.