Tag Archives: online banking

Polish banks suffer cyberattack… from their regulator

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In any good detective story, the villain generally turns out to be the least likely suspect. So, true to the trope, when Poland’s banks investigated the source of the most serious malware attack in their history, they found that the unwitting culprit was none other than KNF – their own… Read more »

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Online banking targeted by new Trojan

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A dangerous new Trojan is threatening active users of mobile banking apps across the US, Australia and parts of continental Europe. The Android banking Trojan, disguised not as a wooden horse but as a Flash Player app, can sidestep SMS-based two-factor authentication to steal customers’ log-in credentials. It is believed… Read more »

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HSBC suffers days of online banking downtime

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HSBC, one of the world’s leading banks, struggled last week to repair its online banking system which didn’t function properly for over two days. Business accounts were performing slowly and personal banking customers were not able to log on at all. HSBC stated that it had not been subject to… Read more »

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£20m stolen from UK bank accounts through widespread malware

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It has been revealed that powerful malware called Dridex has been quietly creaming off money from UK bank accounts, netting £20m and particularly affecting those who don’t regularly keep an eye on their transactions. Dridex works by taking small amounts of money that are more likely to go unnoticed. UK… Read more »

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NY regulators toughening cyber security requirements

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Financial regulators in New York are clamping down on cyber defence practices in banks and other financial institutions as a way of boosting security across the industry. The state’s top regulator said that they are looking into the possibility of requiring more complex computer certifications and sign-ins. Banks and insurance… Read more »

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Banking apps allow fingerprint login

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Two major UK banks, RBS and Natwest, have started allowing customers to access their accounts using Apple’s TouchID fingerprint recognition system. After the initial input of security information on the apps, users would only need a fingerprint thereafter. Whilst the banks only want to make it more convenient for customers… Read more »

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Natwest hit by cyber attack days after RBS tech-meltdown

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Less than a week after a major computer failure which left RBS and Natwest customers without access to their online accounts and unable to use cash points, Natwest suffered another disruption on Friday from 11:30am. The RBS group – which includes RBS, Natwest and Ulster bank said that Natwest was… Read more »

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