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Cybersecurity researchers have disclosed a new sophisticated Android malware called  FjordPhantom  that has been observed targeting users in Southeast Asian countries like Indonesia, Thailand, and Vietnam since early September 2023. "Spreading primarily through messaging services, it combines app-based malware with social engineering to defraud banking customers," Oslo-based mobile app security firm Promon  said  in an analysis published Thursday. Propagated mainly via email, SMS, and messaging apps, attack chains trick recipients into downloading a purported banking app that comes fitted with legitimate features but also incorporates rogue components. Victims are then subjected to a social engineering technique akin to telephone-oriented attack delivery ( TOAD ), which involves calling a bogus call center to receive step-by-step instructions for running the app. A key characteristic of the malware that sets it apart from other banking trojans of its kind is the use of

An updated version of an  Android banking trojan  called  Xenomorph  has set its sights on more than 35 financial institutions in the U.S. The campaign, according to Dutch security firm ThreatFabric, leverages phishing web pages that are designed to entice victims into installing malicious Android apps that target a broader list of apps than its predecessors. Some of the other targeted prominent countries targeted comprise Spain, Canada, Italy, and Belgium. "This new list adds dozens of new overlays for institutions from the United States, Portugal, and multiple crypto wallets, following a trend that has been consistent amongst all banking malware families in the last year," the company  said  in an analysis published Monday. Xenomorph is a variant of another banker malware called Alien which  first emerged  in 2022. Later that year, the financial malware was propagated via a new dropper dubbed  BugDrop , which bypassed security features in Android 13. A subsequent iter

Identities now transcend human boundaries. Within each line of code and every API call lies a non-human identity. These entities act as programmatic access keys, enabling authentication and facilitating interactions among systems and services, which are essential for every API call, database query, or storage account access. As we depend on multi-factor authentication and passwords to safeguard human identities, a pressing question arises: How do we guarantee the security and integrity of these non-human counterparts? How do we authenticate, authorize, and regulate access for entities devoid of life but crucial for the functioning of critical systems? Let's break it down. The challenge Imagine a cloud-native application as a bustling metropolis of tiny neighborhoods known as microservices, all neatly packed into containers. These microservices function akin to diligent worker bees, each diligently performing its designated task, be it processing data, verifying credentials, or

The European Banking Authority (EBA) on Sunday said it had been a victim of a cyberattack targeting its Microsoft Exchange Servers, forcing it to temporarily take its email systems offline as a precautionary measure. "As the vulnerability is related to the EBA's email servers, access to personal data through emails held on that servers may have been obtained by the attacker," the Paris-based regulatory agency  said . EBA said it's launched a full investigation into the incident in partnership with its information and communication technology (ICT) provider, a team of forensic experts, and other relevant entities. In a second update issued on Monday, the agency said it had secured its email infrastructure and that it found no evidence of data extraction, adding it has "no indication to think that the breach has gone beyond our email servers." Besides deploying extra security measures, EBA also noted it's closely monitoring the situation after restor

Cybersecurity researchers today disclosed details of two newly identified Magecart attacks targeting online shoppers of bedding retailers MyPillow and Amerisleep . Magecart is an umbrella term researchers gave to at least 11 different hacking groups that are specialized in implanting malware code on e-commerce websites with an intent to steal payment card details of their customers silently. Magecart made headlines last year after attackers conducted several high-profile cyber attacks against major international companies including British Airways , Ticketmaster , and Newegg . Magecart hackers use a digital payment card skimmer, a few lines of malicious Javascript code they insert into the checkout page of hacked websites and designed to captured payment information of customers in real time and then send it to a remote attacker-controlled server. Earlier this year, Magecart attackers also compromised nearly 277 e-commerce websites in a supply-chain attack by inserting its

A team of security researchers has discovered a critical implementation flaw in major mobile banking applications that left banking credentials of millions of users vulnerable to hackers. The vulnerability was discovered by researchers of the Security and Privacy Group at the University of Birmingham, who tested hundreds of different banking apps—both iOS and Android—and found that several of them were affected by a common issue, leaving their users vulnerable to man-in-the-middle attacks. The affected banking apps include HSBC, NatWest, Co-op, Santander, and Allied Irish bank, which have now been updated after researchers reported them of the issue. According to a research paper [ PDF ] published by researchers, vulnerable applications could have allowed an attacker, connected to the same network as the victim, to intercept SSL connection and retrieve the user's banking credentials, like usernames and passwords/pincodes—even if the apps are using SSL pinning feature. SS

In what considered to be the largest system hack in the country's history and a massive attack on the financial sector, several banks in Poland have been infected with malware. What's surprising? The source of the malware infection is their own financial regulator, the Polish Financial Supervision Authority (KNF) -- which, ironically, is meant to keep an eye out for the safety and security of financial systems in Poland. During the past week, the security teams at several unnamed Polish banks discovered malicious executables on the workstations of several banks. The KNF confirmed that their internal systems had been compromised by someone " from another country, " although no specifications were provided. After downloads of suspicious files that were infecting various banking systems had been discovered on the regulator's servers, the KNF decided to take down its entire system " in order to secure evidence. " Here's what happened: An

Bangladesh is not the only bank that had become victim to the cyber heist . In fact, it appears to be just a part of the widespread cyber attack on global banking and financial sector by hackers who target the backbone of the world financial system, SWIFT. Yes, the global banking messaging system that thousands of banks and companies around the world use to transfer Billions of dollars in transfers each day is under attack. A third case involving SWIFT has emerged in which cyber criminals have stolen about $12 million from an Ecuadorian bank that contained numerous similarities of later attacks against Bangladesh's central bank that lost $81 Million in the cyber heist . The attack on Banco del Austro (BDA) in Ecuador occurred in January 2015 and, revealed via a lawsuit filed by BDA against Wells Fargo, a San Francisco-based bank on Jan. 28, Reuters reported. Here's how cyber criminals target banks: Uses malware to circumvent local security systems of a bank. Gains acces

A security researcher could have stolen as much as $25 Billion from one of the India's biggest banks ‒ Thanks to the bank's vulnerable mobile application. Late last year, security researcher Sathya Prakash discovered a number of critical vulnerabilities in the mobile banking application of an undisclosed bank that allowed him to steal money from any or all bank customers with the help of just a few lines of code. Being a white hat hacker, Prakash immediately reached out to the bank and alerted it about the critical issues in its mobile app and helped the bank fix them, instead of taking advantage of the security holes to steal money from the bank that has about 25 Billion USD in Deposits. While analyzing the mobile banking app, Prakash discovered that the app lacks Certificate Pinning , allowing any man-in-the-middle attacker to downgrade SSL connection and capture requests in plain text using fraudulently issued certificates. Also Read:  Best Password Manager — For

While accessing your Bank account online, Have you ever thought… ...there could be a Hacker, somewhere in the World, who is after your Money? Maybe NO . Because, you believe that your bank offers Secure banking solution, Right? At The Hacker News, we have reported many incidents of cyber attacks , which proves that Banks are more often being targeted by Hackers, despite robust Banking Security mechanisms. Today we are going to talk about security of one of the  Denmark's Largest Bank , reviewed by Sijmen Ruwhof , an Ethical Hacker, and IT Security Consultant. Ruwhof recently published a blog post, " How I could Hack Internet Bank accounts of Danish Largest Bank in a few minutes ". His In-depth technical post explains the extent to which Danske Bank , one of the largest Danish Bank, is vulnerable to hacking. In August, Ruwhof got intrigued with the idea of testing Bank's security while interacting with a group of Danish hackers at the Chaos Communica

Vodafone Germany has been hacked and Personal details of more than two million customers have been compromised, some including banking details. Stole data includes names, addresses, birth dates, and bank account information, but the hacker had no access to credit-card information, passwords, PIN numbers or mobile-phone numbers. According to a blog post on the Vodafone website, The company has already involved law enforcement agencies in the investigation, and it is confirmed that a suspect has been identified and searches conducted in the case, but didn't say whether the suspect was an employee or an outsider. It's unclear when the breach took place, but it appears to have involved a successful compromise of an internal server on Vodafone's network. Vodaphone said it is taking action to prevent this type of incident from occurring again, including reinstalling servers and changing passwords and certificates of all administrators. Vodafone customers outside of Germany aren&#

DDoS attackers attempted to bring down an Banking services earlier this week using one of the largest Distributed denial of service attack using DNS reflection technique. Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, announced  that it has successfully mitigated the largest DNS reflection attack ever recorded, which peaked at 167 Gigabits per second (Gbps). The company did not name the target of the digital assault. DNS-reflection was the attack method used in Operation Stophaus , an attack waged in March by The Spamhaus Project, a Geneva-based not-for-profit organization dedicated to fighting Internet spam . When Spamhaus was assaulted by a vast 300Gbps peak DNS reflection attack, it engaged the help of a content delivery network (CDN) called CloudFlare to help defend itself. The DNS Reflection Denial of Service (DrDoS) technique exploits security weaknesses in the Domain Name System (DNS) Internet protocol. Using Internet protocol spoof

Indian Security Researcher Jiten Jain from Xebia Architects today revealed that one of the Largest Private Banks in India, HDFC Bank's e-Banking website could be easy target of Unique type of Denial of Service Attack which could result in blocking of e-banking accounts of all its customers. Here is the detailed report of vulnerability submitted by him. ___________________________________________ The NetBanking service of HDFC Bank, Which is one of the largest and most reputed Banks in India, is completely vulnerable to ID theft, Targeted phishing and Mass Account Blockade. HDFC bank has implemented an extra security solution called 'Secure Access' on its website but instead it has given a hidden door to hackers to block all HDFC NetBanking accounts. 'Secure Access' is an additional layer of security implement on HDFC Bank website is essentially a solution protecting your account from hackers and fraudsters. Secure Access, an online security initiati