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Real-World SS7 Attack — Hackers Are Stealing Money From Bank Accounts

Real-World SS7 Attack — Hackers Are Stealing Money From Bank Accounts
May 04, 2017
Security researchers have been warning for years about critical security holes in the Signaling System 7 (SS7) that could allow hackers to listen in private phone calls and read text messages on a potentially vast scale, despite the most advanced encryption used by cellular networks. Cellular networks, on the other hand, have consistently been ignoring this serious issue, saying that it is a very low risk for most people, as the exploitation of the SS7 flaws requires significant technical and financial investment. But some unknown hackers have just proved them wrong by recently exploiting the design flaws in the SS7 to drain victims' bank accounts, according to a report published Wednesday by German-based newspaper Süddeutsche Zeitung. SS7 is a telephony signaling protocol created in the 1980s by telcos and powered more than 800 telecom operators across the world, including AT&T and Verizon, to interconnect and exchange data, like routing calls and texts with one a

Turns Out Microsoft Has Already Patched Exploits Leaked By Shadow Brokers

Turns Out Microsoft Has Already Patched Exploits Leaked By Shadow Brokers
Apr 15, 2017
The latest dump of hacking tools allegedly belonged to the NSA is believed to be the most damaging release by the Shadow Brokers till the date. But after analyzing the disclosed exploits, Microsoft security team says most of the windows vulnerabilities exploited by these hacking tools, including EternalBlue, EternalChampion, EternalSynergy, EternalRomance and others, are already patched in the last month's Patch Tuesday update. " Most of the exploits that were disclosed fall into vulnerabilities that are already patched in our supported products. Customers still running prior versions of these products are encouraged to upgrade to a supported offering, " Microsoft Security Team said in a blog post  published today. On Good Friday, the Shadow Brokers released a massive trove of Windows hacking tools allegedly stolen from NSA that works against almost all versions of Windows, from Windows 2000 and XP to Windows 7 and 8, and their server-side variants such as Serve

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

Latest Hacking Tools Leak Indicates NSA Was Targeting SWIFT Banking Network

Latest Hacking Tools Leak Indicates NSA Was Targeting SWIFT Banking Network
Apr 14, 2017
Update: Most of the exploits made publicly available (mentioned in this article) by the Shadow Brokers group are already patched by Microsoft in the last month's Patch Tuesday update. So, it is always recommended that you keep your systems up-to-date in order to prevent you from being hacked. The Shadow Brokers – a hackers group that claimed to have stolen a bunch of hacking tools from the NSA – released today more alleged hacking tools and exploits that target earlier versions of Windows operating system, along with evidence that the Intelligence agency also targeted the SWIFT banking system of several banks around the world. Last week, the hacking group released the password for an encrypted cache of Unix exploits , including a remote root zero-day exploit for Solaris OS, and the TOAST framework the group put on auction last summer. The hacking tools belonged to " Equation Group " – an elite cyber attack unit linked to the National Security Agency (NSA).

The Critical State of AI in the Cloud

cyber security
websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.

ATMs in Thailand Hacked; 12 Million Baht Stolen; 10,000 ATMs Prone to Hackers

ATMs in Thailand Hacked; 12 Million Baht Stolen; 10,000 ATMs Prone to Hackers
Aug 24, 2016
Thailand has suffered its first ATM Hack! An Eastern European gang of criminals has stolen over 12 Million Baht (approximately US$350,000) from a total of 21 ATMs in Bangkok and other five provinces by hacking a Thai bank's ATM network; police said Wednesday The Central Bank of Thailand (BoT) has issued a warning to all commercial banks about security flaws in roughly 10,000 ATMs that were exploited to steal cash from the machines. The warning came shortly after the state-owned Government Savings Bank (GSB) shut down approximately 3,000 of their ATMs following an ongoing police investigation into the recent hack in which hackers were able to infect many its cash machines with malware. GSB found that millions of Thailand Baht were stolen between August 1 and 8 from 21 ATMs across the provinces of Bangkok, Phuket, Chumphon, Prachuap Khiri Khan, Phetchaburi, and Surat Thani, the Bangkok Post reports. The hackers made over 12.29 Million Thailand Baht (US$346,000) by inser
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