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Bloomberg reports an update on the cyberattack of the WazirX cryptocurrency exchange. The attack, suspected to be linked to the Lazarus Group in North Korea, resulted in the theft of $234 million from the Indian exchange and left WazirX announcing that they were unlikely to recover 43% of the stolen funds. The attacker behind India’s […]
A press release from the Securities and Exchange Commission (SEC): Washington D.C., May 22, 2024 — The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to […]
DarkReading reports that Spanish banking giant Santander has disclosed a recent data breach at a third-party provider. Bank customers in Chile, Spain, and Uruguay have reportedly been affected. “No transactional data, nor any credentials that would allow transactions to take place on accounts are contained in the database, including online banking details and passwords,” according to […]
Threat actors known as Scattered Spider are reportedly turning their attention to the financial sector, hitting banks and insurance groups. Resilience Cyber Insurance Solutions, which has been tracking the group, reports they have targeted 29 companies since April 20. Scattered Spider is the group that was previously linked to disrupting casinos and hotels such as MGM […]
Bleeping Computer reports: U.S. mortgage lender loanDepot has suffered a cyberattack that caused the company to take IT systems offline, preventing online payments against loans. loanDepot is one of the largest nonbank retail mortgage lenders in the USA, employing approximately 6,000 people and servicing loans of over $140 billion. Read more at Bleeping Computer. Loan […]
National Mortgage Professional reports: First American Financial Corporation was hit by a cyberattack on Wednesday, the company confirmed Thursday, forcing the company to take certain systems offline. The incident follows similar breaches at Fidelity National Financial (FNF), the mortgage and real estate industries’ largest underwriter of title insurance, on Nov. 19, and Mr. Cooper Group, one of the […]
The Register reports: Read more at The Register.
Americans who hoped to close on home sales this week may have had their hopes dashed by an attack on Fidelity National Financial. The Register reports: Fortune 500 insurance biz Fidelity National Financial (FNF) has confirmed that it has fallen victim to a “cybersecurity incident.” The announcement came in the form of an 8-K filing […]
GO Banking reports: Information theft is far from a novel issue. Since the internet exploded in the early 2000s, hackers have taken advantage of security loopholes to infiltrate devices and siphon vital information that puts your finances and safety at risk. But a recent study released in August highlights a chilling new way hackers use AI to […]
AI Poses a Threat to Financial Sector, and Cyberattackers are ‘Outpacing’ Defenses – Treasury
Law.com reports that the U.S. Treasury Department warned the financial services sector this week that artificial intelligence (AI) will become a powerful weapon for fraudsters and cyberattackers, who will outgun the sector’s defensive efforts in the foreseeable future. The report was based on interviews with representatives from 42 financial services and technology companies about the […]