Cybercriminals are stealing Face ID scans to break into mobile banking accounts
The Register reports: Cybercriminals are targeting iOS users with malware that steals Face ID scans to break into and pilfer money from bank accounts – thought to be a world first. A Chinese-speaking cybercrime group, dubbed GoldFactory by Group-IB’s researchers, started distributing trojanized smartphone apps in June 2023, however, the latest GoldPickaxe version has been […]
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 […]