#1 Trusted Cybersecurity News Platform Followed by 4.50+ million
The Hacker News Logo
Subscribe – Get Latest News
Cloud Security

FinTech | Breaking Cybersecurity News | The Hacker News

U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

Mar 26, 2024 Money Laundering / Digital Currency
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (TOEP). In all, the designations cover thirteen entities and two individuals operating in the Russian financial services and technology sectors. "Many of the individuals and entities designated today facilitated transactions or offered other services that helped OFAC-designated entities evade sanctions," the Treasury  said , adding the action seeks to "target companies servicing Russia's core financial infrastructure and curtail Russia's use of the international financial system to further its war against Ukraine." Bitpapa, which offers virtual currency excha
PixPirate Android Banking Trojan Using New Evasion Tactic to Target Brazilian Users

PixPirate Android Banking Trojan Using New Evasion Tactic to Target Brazilian Users

Mar 13, 2024 Financial Fraud / Mobile Security
The threat actors behind the PixPirate Android banking trojan are leveraging a new trick to evade detection on compromised devices and harvest sensitive information from users in Brazil. The approach allows it to hide the malicious app's icon from the home screen of the victim's device, IBM said in a technical report published today. "Thanks to this new technique, during PixPirate reconnaissance and attack phases, the victim remains oblivious to the malicious operations that this malware performs in the background," security researcher Nir Somech  said . PixPirate, which was  first documented  by Cleafy in February 2023, is known for its abuse of Android's accessibility services to covertly perform unauthorized fund transfers using the PIX instant payment platform when a targeted banking app is opened. The constantly mutating malware is also capable of stealing victims' online banking credentials and credit card information, as well as capturing keystrokes and intercepting SMS mes
Timing is Everything: The Role of Just-in-Time Privileged Access in Security Evolution

Timing is Everything: The Role of Just-in-Time Privileged Access in Security Evolution

Apr 15, 2024Active Directory / Attack Surface
To minimize the risk of privilege misuse, a trend in the privileged access management (PAM) solution market involves implementing just-in-time (JIT) privileged access. This approach to  privileged identity management  aims to mitigate the risks associated with prolonged high-level access by granting privileges temporarily and only when necessary, rather than providing users with continuous high-level privileges. By adopting this strategy, organizations can enhance security, minimize the window of opportunity for potential attackers and ensure that users access privileged resources only when necessary.  What is JIT and why is it important?   JIT privileged access provisioning  involves granting privileged access to users on a temporary basis, aligning with the concept of least privilege. This principle provides users with only the minimum level of access required to perform their tasks, and only for the amount of time required to do so. One of the key advantages of JIT provisioning
Cybersecurity Resources