After the lack of supply of cash in India following its Prime Minister step to remove high-denomination banknotes from circulation in November 2016, the country is moving a step closer towards becoming a cashless economy with the launch of Unified Payment Interface (UPI).
Unified Payment Interface (UPI) allows all bank account holders to pay money from their smartphones, both online and
While some payment card companies like Mastercard have switched to selfies as an alternative to passwords when verifying IDs for online payments, hackers have already started taking advantage of this new security verification methods.
Researchers have discovered a new Android banking Trojan that masquerades primarily as a video plugin, like Adobe Flash Player, pornographic app, or video codec
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.
<!– adsense –>
The group allegedly used a Trojan called “
SWIFT, the global Society for Worldwide Interbank Financial Telecommunications, warned on Thursday of a second malware attack similar to the Bangladesh central bank hack one that led to $81 million cyber heist.
In February, $81 Million cyberheist at the Bangladesh central bank was carried out by hacking into SWIFT, the global financial messaging system that thousands of banks and companies
In Brief
Investigators from British defense contractor BAE Systems discovered that hackers who stole $81 million from the Bangladesh Central Bank actually hacked into software from SWIFT financial platform, a key part of the global financial system.
The hackers used a custom-made malware to hide evidence and go undetected by erasing records of illicit transfers with the help of compromised
