News

News

70% of UK financial companies report being hit by cyber-incidents; most blame internal error

August 15, 2019 -- Almost half of the cyber-security incidents reported in the UK over the past 12 months were caused by internal errors, where employees failed to follow security protocol or data protection policies. Mobile banking fraud is easy to miss for consumers says Lisa Baergen, Director at NuData Security. [quote]"Trojans are well hidden inside other legitimate-seeming applications or attachments. Once inside the customer’s phone, they can roam free to steal banking information or account assets"[/quote]For the complete article,

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Researchers find huge database of fingerprints and facial recognition images on the internet

August 14, 2019 -- Privacy researchers discovered a large bank of unprotected biometric, password and other personal data open on the internet. The data, which belong to the BioStar 2 identity and access control platform, serve as a reminder of the basic rule of cybersecurity: if highly-sensitive identity data isn’t adequately protected, then the system is worthless. From a consumer perspective, high-resolution fingerprints are a dangerous data set, regardless of how the original data was intended to be used says

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The Evolving Business E-Mail Scams

August 08, 2019 -- About 35,000 executives from some of the world’s biggest banks and mortgage companies never imagined themselves as being on a cyber hit list, until they were. Cybercriminals with hopes of tricking executives into money transfers embarked on a very professional business e-mail compromise (BEC) scam discovered by security researchers at Agari. If normal phishers are hoping to hook an ordinary fish with their scams, business e-mail compromise scammers are looking for whales with access to significant

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Weak Online Banking Passwords Opening The Door To Online Accounts

August 07, 2019 -- Cybercriminals are increasingly targeting third-party financial aggregation services to steal money from consumers’ online bank accounts and one of the weakest links are passwords. Many people use the same passwords across online accounts and cybercriminals just cycle through names and passwords until they hit the jackpot. For financial institutions, it is important to use a layered approach for consumer identity verification combined with emergent technologies says Justin Fox, Director of DevOps Engineering at NuData Security. [quote]"With

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One-in-three Canadians are vulnerable to fraud when booking vacations online, study finds

July 26, 2019 -- Computer security software firm McAfee recently released the results of a cyber fraud study in Canada and the picture it paints is not good for Canadians booking travel online. McAfee’s survey of 1,000 Canadians found that one in eight respondents, or 13 per cent, had been scammed or nearly scammed while booking a vacation online. Fraudsters follow the money and whenever they can find a scheme that is profitable, they will target those markets says Robert

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