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Bell Canada Hacked: Data of 1.9 Million Customers Stolen

Bell Canada Hacked: Data of 1.9 Million Customers Stolen

May 17, 2017
While we all were busy in the WannaCry ransomware menace, two separate data breaches have been reported, one in DocuSign , a major provider of electronic signature technology, and another in BELL, Canada's largest telecommunications company. Canadian mobile phone, TV, and internet service provider Bell on Monday confirmed that the company had been hit by an unknown hacker who has managed to access its customer information illegally. In a brief statement released by Bell Canada, the company said an unknown hacker managed to have his hands on data of millions of Bell customers. However, the company did not mention the compromised customer details stolen in the hack were pulled from which particular service. The company said email addresses, names and telephone numbers of its customers had been accessed in the breach. How many victims Affected? Bell confirmed the hack and said the unknown hacker has managed to gain access to information on nearly 2 million customers. &qu
Dyre Wolf Banking Malware Stole More Than $1 Million

Dyre Wolf Banking Malware Stole More Than $1 Million

Apr 04, 2015
Security researchers have uncovered an active cyber attack campaign that has successfully stolen more than $1 Million from a variety of targeted enterprise organizations using spear phishing emails, malware and social engineering tricks. The campaign, dubbed " The Dyre Wolf " by researchers from IBM's Security Intelligence division, targets businesses and organizations that use wire transfers to transfer large sums of money, even if the transaction is protected by 2-factor authentication. A MIXTURE OF MALWARE, SOCIAL ENGINEERING & DDoS Nowadays, cybercriminals not only rely on banking Trojans to harvest financial credentials, but also using sophisticated social engineering tactics to attack big corporations that frequently conduct wire transfers to move large sums. " An experienced and resource-backed [cyber criminal] gang operates Dyre ," John Kuhn, Senior Threat Researcher at IBM Managed Security Service, wrote in a blog post published Th
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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