Cyber Security In The Financial Sector Newsfeed

Posted: Tue, 07/24/2018 - 5:26am

This newsfeed pulls content from IMFBlog which is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day. The IMF, based in Washington D.C., is an organization of 189 countries, working to foster global monetary cooperation and financial stability around the world. The views expressed are those of the author(s) and do not necessarily represent the views of Qumulus Solutions, the IMF and its Executive Board.

Bank Hacks Raise Fears for Financial Sector

Posted: Tue, 08/09/2016 - 3:25pm

A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.

New ATM Hacking Method Uses Stolen EMV Card Data

Posted: Tue, 08/09/2016 - 3:20pm

Researchers have demonstrated how fraudsters can make ATMs spit out tens of thousands of dollars in cash in just a few minutes by using data stolen from EMV (Europay, MasterCard and Visa) cards.

Cyber Threats Every Financial Services Firm Should Know About

Posted: Tue, 08/09/2016 - 3:15pm

The financial services industry is among the most heavily targeted sectors by cybercriminals. In 2015 we saw a surge in attacks that involved extortion, social engineering, credential-stealing malware and sophisticated threats.