US banks | Breaking Cybersecurity News | The Hacker News

Incapsula security study reveals how a simple neglect in managing the administrative password of a small UK site was quickly exploited by Botnet shepherds operating obscurely out of Turkey to hurl large amounts of traffic at American banks. If you've been following the news, you are probably aware of a wave of DDoS attacks that recently hit several major U.S. banks. Izz ad-Din al-Qassam, a hacker group that claimed responsibility for these attacks, declared them to be a retaliation for an anti-Islam video that mocked the Prophet Muhammad and a part of the on-going "Operation Ababil." As the reports of the attack started to roll in, Incapsula security team was able to uncover one of the secret foot-soldiers behind the assault: a compromised general-interest UK-based website that was trying to hurl large chunks of junk traffic at three of the world's largest financial institutions (PNC, HSBC and Fifth Third Bank). At On the eve of the attack, this website su...

Trojan.Stabuniq geographic distribution by unique IP address Security researchers from Symantec have identified a new Trojan that appears to be targeting financial institutions. Dubbed Trojan.Stabuniq , the malware has been collecting information from infected systems potentially for the preparation of a more damaging attack. According to researchers , roughly 40 IP addresses infected with the Stabuniq Trojan, 40% per cent belong to financial institutions who are mostly based in Chicago and New York. The malware appears to be spread by a phishing attack through spam e-mail containing a link to the address of a server hosting a Web exploit toolkit . Such toolkits are commonly used to silently install malware on Web users' computers by exploiting vulnerabilities in outdated browser plug-ins like Flash Player , Adobe Reader , or Java. These attacks can be very simple, such as a written email from a prince in Nigeria asking for bank account...

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...