HSBC suffered a data leakage
by The Regiscter – 6 November 2018
HSBC has reported a data leakage. As a result of the attack, details of thousands of the bank’s online-banking customers have been stolen. Now, the bank is drawing a plan of notifying folks of the major data theft. According to the law of California, affected organizations are to notify their customers whenever a cyber incident touches 500 or more people in the state. The bank’s representatives did not reveal the exact number of affected customers, but commented that the malefactors stole the details of “less than 1 per cent” of some 1.2 million US customers. This means that 12,000 Americans might have had their personal information fall into the hands of cyber thieves. “We are reminding our customers to protect access to their banking accounts by regularly changing their passwords, and by using unique passwords they are not using elsewhere, including on any social media accounts,” an HSBC spokesperson revealed.
Spyware discovered on Google Play
by SC Media – 7 November 2018
A spyware program was discovered and removed from Google Play last month. The malicious program was found by Trend Micro researchers available for download on Google Play. The program was fraudulently disguised as a Spanish-language banking app aiming to collect users’ information that was used in smishing schemes. The fake application is said to be associated with multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA). Google has also removed Movil Secure in addition to three more applications provided by the same developer with the same malicious functionality. The three other apps claimed to be affiliated with Spanish banks Evo, Bankia and Compte de Credit. However, Trend Micro says that this is not connected to any influential financial organization. Movil Secure was downloaded over 100 times and claimed to provide BVVA customers with a mobile banking token service for identity management and transaction authorization purposes. In fact, the malicious program gathered a victim’s SMS messages and phone numbers, along with other ID data.
Supply chain attack with a bitcoin-stealing script
by SC Media – 7 November 2018
The Bank of England gets prepared
by The Guardian – 9 November 2018
On the back of the incidents affecting financial organizations, The Bank of England (BoE) is organizing a day-long gaming exercise. This is designed to test the security state of the financial system and their ability to stand against cyber attacks. About 40 financial institutions are taking part in the training, including the BoE, the Treasury, City regulator the Financial Conduct Authority and UK Finance, the industry trade body. Simulated attacks are hosted by the BoE every couple of years attempting to disclose any weaknesses in the response of financial institutions to a major cyber incidents. Another essential issue that is being tested during such events is the ability of organizations to communicate with each other during an attack. “The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole,” the representatives of BoE explained.
Financial sector is one of the most fructiferous targets for attackers and the explosion of incidents in this sphere should definitely cause alertness of both financial organizations and banks’ clients. For more information, as always, follow us on Twitter, Facebook, and LinkedIn.