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The European Central Bank (ECB) confirmed Thursday that it had been hit by a cyberattack that involved attackers injecting malware into one of its websites and potentially stealing contact information of its newsletter subscribers. Headquartered in Germany, the European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro and is itself responsible for supervising the data protection practices of the banking system across these countries. In an official statement published Thursday, the ECB said unknown "unauthorized parties" had managed to breach its Banks' Integrated Reporting Dictionary (BIRD) website, which was hosted by a third-party provider, eventually forcing the bank to shut down the site. Launched in 2015, BIRD is a joint initiative of the Eurosystem to the euro zone's central banks and the banking system, which provides banks with a precise description of the data that aims to help reporting agents e...

Despite increased online and mobile banking security, banks are more often being targeted by hackers. A hacker group has infiltrated a number of banks and financial institutions in several countries, stealing hundreds of Millions of dollars in possibly the biggest bank heist the world has ever seen. According to a report published by the New York Times on Saturday, hackers have stolen as much as $1 Billion from more than 100 banks and other financial companies in almost 30 nations, making it " the most sophisticated attack the world has seen to date. " In late 2013 , banks in Russia, Japan, Europe, the United States and other countries fell victim to a massive, sophisticated malware hack that allowed the hackers to spy on bank officials in order to mimic their behavior, according to an upcoming report by Kaspersky Labs received by the NY Times. CARBANAK BANKING MALWARE IN THE WILD In order to infect bank staffs, the hacker group sent malicious emails to hun...

Zeus , a financially aimed Banking Trojan that comes in many different forms and flavors, is capable to steal users' online-banking credentials once installed. This time, an infamous  Zeus Trojan has turned out to be a more sophisticated piece of malware that uses web-crawling action . Instead of going after Banking credentials and performing malicious keystroke logging, a new variant of Zeus Trojan focuses on Software-as-a-service (SaaS) applications for the purpose of obtaining access to proprietary data or code. The SaaS Security firm vendor Adallom , detected a targeted malware attack campaign against a Salesforce.com customer, which began as an attack on an employee's home computer. Adallom found that the new variant had web crawling capabilities that were used to grab sensitive business data from that customer's CRM instance. The Security firm noticed the attack when they saw about 2GB of data been downloaded to the victim's computer in less than 10...

SaaS Adoption is Skyrocketing, Resilience Hasn't Kept Pace SaaS platforms have revolutionized how businesses operate. They simplify collaboration, accelerate deployment, and reduce the overhead of managing infrastructure. But with their rise comes a subtle, dangerous assumption: that the convenience of SaaS extends to resilience. It doesn't. These platforms weren't built with full-scale data protection in mind . Most follow a shared responsibility model — wherein the provider ensures uptime and application security, but the data inside is your responsibility. In a world of hybrid architectures, global teams, and relentless cyber threats, that responsibility is harder than ever to manage. Modern organizations are being stretched across: Hybrid and multi-cloud environments with decentralized data sprawl Complex integration layers between IaaS, SaaS, and legacy systems Expanding regulatory pressure with steeper penalties for noncompliance Escalating ransomware threats and inside...

As the year draws to a close, we have seen the number of emerging threats like advance phishing attacks from the Syrian Electronic Army , financial malware and exploit kits, Cryptolocker ransomware infections, massive  Bitcoin theft, extensive privacy breach from NSA and many more. The financial malware's were the most popular threat this year. Money is always a perfect motivation for attackers and cyber criminals who are continually targeting financial institutions. On Tuesday, Antivirus firm Symantec has released a Threat report, called " The State of Financial Trojans: 2013 ", which revealed that over 1,400 financial institutions have been targeted and compromised millions of computers around the globe and the most targeted banks are in the US with 71.5% of all analyzed Trojans. Financial institutions have been fighting against malware for the last ten years to protect their customers and online transactions from threat. Over the time the attackers adapted to these counter...

The Pirate Bay co-founder  Gottfrid Svartholm Warg (Anakata)  charged with hacking the IBM mainframe of Logica, a Swedish IT firm that provided tax services to the Swedish government, and the IBM mainframe of the Swedish Nordea bank. Svartholm has been charged with several hacking related offenses including serious fraud , attempted aggravated fraud, and aiding attempted aggravated fraud. Three other defendants received similar charges. He was arrested in Cambodia in September 2012 and deported to Sweden where he was arrested for his alleged involvement in the Logica hack. 28-year-old computer specialist Svartholm and other founders of The Pirate Bay were found guilty by the Swedish government in 2009 for facilitating the illegal downloading of copyrighted materials. He has served a one-year prison sentence in Sweden since September 2012, and will likely remain in prison while facing these new charges. Swedish prosecutor Henrik Olin said in a statement, " ...