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EU sanctions hackers from China, Russia, North Korea who're wanted by the FBI

EU sanctions hackers from China, Russia, North Korea who're wanted by the FBI

Jul 31, 2020
The Council of the European Union has imposed its first-ever sanctions against persons or entities involved in various cyber-attacks targeting European citizens, and its member states. The directive has been issued against six individuals and three entities responsible for or involved in various cyber-attacks, out of which some publicly known are ' WannaCry ', ' NotPetya ', and ' Operation Cloud Hopper ,' as well as an attempted cyber-attack against the organization for the prohibition of chemical weapons. Out of the six individuals sanctioned by the EU include two Chinese citizens and four Russian nationals. The companies involved in carrying out cyberattacks include an export firm based in North Korea, and technology companies from China and Russia. The sanctions imposed include a ban on persons traveling to any EU countries and a freeze of assets on persons and entities. Besides this, EU citizens and entities are also forbidden from doing any busin
FBI Puts $5 Million Bounty On Russian Hackers Behind Dridex Banking Malware

FBI Puts $5 Million Bounty On Russian Hackers Behind Dridex Banking Malware

Dec 05, 2019
The United States Department of Justice today disclosed the identities of two Russian hackers and charged them for developing and distributing the Dridex banking Trojan using which the duo stole more than $100 million over a period of 10 years. Maksim Yakubets , the leader of 'Evil Corp' hacking group, and his co-conspirator Igor Turashev primarily distributed Dridex — also known as ' Bugat ' and ' Cridex ' — through multi-million email campaigns and targeted numerous organizations around the world. The State Department has also announced a reward of up to $5 million—the largest offered bounty to date for a cybercrime suspect—for providing information that could lead to the arrest of Yakubets, who remains at large. "Bugat is a multifunction malware package designed to automate the theft of confidential personal and financial information, such as online banking credentials, from infected computers," the DoJ said in its press release . &qu
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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