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Brazilian scammers score $3.75 billion in malware bank fraud

July 3, 2014 - Brazilian criminal gangs have netted $3.75 billion in a micro-transaction fraud that compromises transactions made using the popular Boleto payment method.

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Korean banks under siege from Android malware

June 27, 2014 - Banking Trojans masquerading as Android mobile apps are spreading like wildfire through the smartphones of Korean users, with up to 100,000 devices so far infected.

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Consumer trust in banks wavers as card fraud rates rise

June 24, 2014 - Almost one-in-four people have fallen victim to card fraud over the past five years, according to a study of 6100 consumers across 20 countries by ACI Worldwide and Aite.

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14-year-olds use online manual to hack ATM

June 13, 2014 - Forgoing a kick around in the playground, a couple of teenage boys spent one school lunch break last week hacking into a Bank of Montreal cash machine.

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Bank of England works with CREST to deliver cyber-security framework

June 10, 2014 - CREST, the not-for-profit organisation that represents the technical information security industry, has been working with UK Financial Authorities - Bank of England (BoE), Her Majesty's Treasury, and the Financial Conduct Authority - to develop CBEST, a new framework for sharing detailed threat intelligence and delivering cyber security tests and benchmarking for UK financial services providers.

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Liquidnet fined $2m for misusing dark pool subscriber data

June 9, 2014 - Dark pool operator Liquidnet has agreed to pay $2 million to settle SEC charges that it improperly used confidential trading data from its subscribers.

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