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Silence APT , a Russian-speaking cybercriminal group, known for targeting financial organizations primarily in former Soviet states and neighboring countries is now aggressively targeting banks in more than 30 countries across America, Europe, Africa, and Asia. Active since at least September 2016, Silence APT group's most recent successful campaign was against Bangladesh-based Dutch-Bangla Bank, which lost over $3 million during a string of ATM cash withdrawals over a span of several days. According to a new report Singapore-based cybersecurity firm Group-IB shared with The Hacker News, the hacking group has significantly expanded their geography in recent months, increased the frequency of their attack campaigns, as well as enhanced its arsenal. The report also describes the evolution of the Silence hacking group from "young and highly motivated hackers" to one of the most sophisticated advanced persistent threat (APT) group that is now posing threats to bank...

A Ukrainian bank has become the latest victim of the widespread cyber attack on global banking and financial sector by hackers who target the backbone of the world financial system, SWIFT. Hackers have reportedly stolen $10 Million from an unnamed bank in Ukraine by exploiting the SWIFT international banking system, according to an independent IT monitoring organization called the Information Systems Audit and Control Association (ISACA). Swift or the Society for Worldwide Interbank Financial Telecommunication is the global banking messaging system responsible for managing Billions of dollars in money transfers each day between financial institutions worldwide. The ISACA branch in Ukraine, who has been hired by the targeted bank to investigate the heist, disclosed that some unknown hackers were able to compromise the bank's security in similar way they hacked Bangladesh central bank and stole $81m (£56m), the Kyiv Post reports. "At the current moment, dozens of ba...

"A boxer derives the greatest advantage from his sparring partner…" — Epictetus, 50–135 AD Hands up. Chin tucked. Knees bent. The bell rings, and both boxers meet in the center and circle. Red throws out three jabs, feints a fourth, and—BANG—lands a right hand on Blue down the center. This wasn't Blue's first day and despite his solid defense in front of the mirror, he feels the pressure. But something changed in the ring; the variety of punches, the feints, the intensity – it's nothing like his coach's simulations. Is my defense strong enough to withstand this? He wonders, do I even have a defense? His coach reassures him "If it weren't for all your practice, you wouldn't have defended those first jabs. You've got a defense—now you need to calibrate it. And that happens in the ring." Cybersecurity is no different. You can have your hands up—deploying the right architecture, policies, and security measures—but the smallest gap in your defense could let an attacker land a kn...

Russian authorities have arrested a gang of 50 hackers suspected of stealing more than 1.7 Billion Rubles ( over US$25 Million ) from banks and other financial institutions in the country since 2011. The same criminal gang had tried to steal a further 2.273 Billion Roubles by issuing false payment instructions, but that were blocked. The group allegedly used a Trojan called " Lurk " to set up a network of bots on infected computers to carry out the attacks, according to Russia's FSB ( Federal Security Service ). Initially identified in 2012, Lurk is a "fileless" Trojan that runs in RAM and has mostly been used for collecting banking credentials, especially for banks in Eastern Europe and the Russian Federation. The criminal gang allegedly seeded some of Russia's most popular websites with Lurk. Once infected, the malware downloaded more software modules, allowing the hackers to gain remote access to victims' computers. The hackers then stole...

Meet this Robin Hood Hacker: Phineas Fisher, who breached Hacking Team last year, revealed on Reddit Wednesday that he hacked a bank and donated the money to Kurdish anti-capitalists in Rojava autonomous region in northern Syria that borders territory held by the ISIS ( Islamic State militant group ). Fisher, also known as "Hack Back" and "@GammaGroupPR," claimed responsibility for both the Hacking Team and Gamma Group data breaches. The vigilant hacker donated 25 Bitcoin (worth around US$11,000) to a crowdfunding campaign known as the Rojan Plan, which has been set up by members of the Rojava's economic committee, described by Fisher as "one of the most inspiring revolutionary projects in the world." Also Read:  Here's How Hackers Stole $80 Million from Bangladesh Bank The funds donated to the campaign came from a bank heist, though the hacker neither revealed the name of the bank nor provided any further details of the bank heist. Whe...