Banking | Breaking Cybersecurity News | The Hacker News

As many as 77 banking institutions, cryptocurrency exchanges, and national organizations have become the target of a newly discovered Android remote access trojan (RAT) called DroidBot . "DroidBot is a modern RAT that combines hidden VNC and overlay attack techniques with spyware-like capabilities, such as keylogging and user interface monitoring," Cleafy researchers Simone Mattia, Alessandro Strino, and Federico Valentini said . "Moreover, it leverages dual-channel communication, transmitting outbound data through MQTT and receiving inbound commands via HTTPS, providing enhanced operation flexibility and resilience." The Italian fraud prevention company said it discovered the malware in late October 2024, although there is evidence to suggest that it has been active since at least June, operating under a malware-as-a-service (MaaS) model for a monthly fee of $3,000. No less than 17 affiliate groups have been identified as paying for access to the offering. ...

A top Interpol chief has expressed concerns about the cybersecurity measures in banks across the region. According to Major Ali Qubaisi, the Interpol team leader for the Middle East and North Africa, and head of the Economic Crimes unit of the Qatari Interior Ministry, banks in the region are "under-protected" against cybercrime. Additionally, legislation is not keeping pace with technological advancements. In an exclusive interview with Emirates 24|7, Major Qubaisi highlighted that the protective measures adopted by Arab banks against cybercrime are insufficient. "Some of these banks are surprised by the number of crimes being committed, but that is due to a lack of protection which should be adopted in this vital sector," he stated. He emphasized that as many as 50% of Arab banks need "electronic patrols." These patrols consist of groups that work online to track and detect any attempts to penetrate a bank's systems. Major Qubaisi explained that mo...

Vulnerability Management (VM) has long been a cornerstone of organizational cybersecurity. Nearly as old as the discipline of cybersecurity itself, it aims to help organizations identify and address potential security issues before they become serious problems. Yet, in recent years, the limitations of this approach have become increasingly evident.  At its core, Vulnerability Management processes remain essential for identifying and addressing weaknesses. But as time marches on and attack avenues evolve, this approach is beginning to show its age. In a recent report, How to Grow Vulnerability Management into Exposure Management (Gartner, How to Grow Vulnerability Management Into Exposure Management, 8 November 2024, Mitchell Schneider Et Al.), we believe Gartner® addresses this point precisely and demonstrates how organizations can – and must – shift from a vulnerability-centric strategy to a broader Exposure Management (EM) framework. We feel it's more than a worthwhile read an...