Category: Finance

Protect Yourself From SMiShing (SMS Text Phishing) Attacks

It seems like every time you turn around these days some jack-wagon has come up with a new way to try and part you from your money or steal your identity. Scammers are constantly posting rogue apps on Facebook, putting malware links in Tweets, and sending you phishing e-mails. Is no digital domain sacred anymore? The answer …

The Israelis Leading the Fight Against Cyberattacks on the Banks

  In February 2016, one of the biggest cyberattacks in the history of data security went down, when hackers managed to fool the Bangladeshi central bank’s interbank money transfer system (part of the international SWIFT system), stealing $850 million. The breach was only discovered because of a silly spelling mistake by the burglars, thanks to …

Bitcoin Wallets Are Facing ‘Large Bitcoin Collider’ Attack

A group called the “Large Bitcoin Collider” claims it can smash open bitcoin wallets by using a so-called brute force attack, which directs mass amounts of computer power at individual wallets in order to guess their private keys. The project, which has been underway for months, relies on a distributed network of computers (similar to …

How AIG’s Cyber Security Gamble Could Pay Off

American International Group (AIG) has recently begun offering personal cyber security insurance plans to individuals. The company appears to be riding a wave of individuals’ fears about losing online data or having their bank accounts emptied, and should find success with wealthier customers who have a lot to lose. But it remains to be seen …

$100 million trade with JPMorgan done on cell phone!

JPMorgan is investing in technology in a big way — and it’s paying off. The CEO of the firm’s corporate investment bank, Daniel Pinto, stressed the importance of technology in an annual letter to shareholders Tuesday. Specifically, he noted, one client leveraged the firm’s technological capabilities to make a $100 million trade — from a …

WhatsApp will reportedly launch peer-to-peer payments

WhatsApp may be about to introduce peer-to-peer payments in India, its largest market with over 200 million users. A report from The Ken, an India-based subscription media company that we recently profiled, claims that WhatsApp plans to use UPI, a cross-bank payment system backed by the government, to begin enable payments between users within the …

North Korea’s Rising Ambition Seen in Bid to Breach Global Banks

When hackers associated with North Korea tried to break into Polish banks late last year they left a trail of information about their apparent intentions to steal money from more than 100 organizations around the world, according to security researchers. A list of internet protocol addresses, which was supplied by the security researchers and analyzed …

The future of cyber protection is already here, and presents the global banking community with numerous challenges—particularly in the area of mobile

At a Banking Supervision Department conference held today, two main issues were discussed in depth: The promotion of competition in the banking sector, and the major technological changes that the banking system and its customers are experiencing. During the conference, Check Point CEO Gil Shwed, in a discussion with the Supervisor of Banks, said, “The …

TransferWise launches money transfers via Facebook – is it safe?

Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc’s chat application, as competition in the digital payments landscape intensifies. The London-based startup said on Tuesday that it had developed a Facebook Messenger “chatbot”, or an automated program that can help users communicate with businesses and …

Bitcoiners Beware – U.S. Customs Agents Are Coercing for Mobile Passwords

Now bitcoiners have another topic to consider as Trump has beefed up U.S. Customs and Border Protection (CBP) policies with agents searching the phones of travelers at border checkpoints. U.S. Customs and Border Protection Agents Are Coercing Travelers for Mobile Passwords Bitcoin.com has covered many different aspects concerning Bitcoin under the Trump administration. Everything from Bitcoin …