A 22-year-old allegedly used 6 million computers to steal £2.9 million, as part of a major botnet operation
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NatWest IT Failure Caused By Payments Software Upgrade
RBS says a software upgrade is what has caused so many problems for NatWest customers
Banking Trojans Crack Two-Factor Authentication
The Zeus and SpyEye cyber-criminal toolkits have been modified to automate the process of stealing from online bank accounts that use two-factor authentication
Hacker Claims He Stole 50Gb Of Credit Card Details
A former Anonymous member says he hacked 79 banks in 3 months, for the lulz
Silicon Valley Bank Opens London Branch
The bank wants to have 1,500 UK tech start-ups as clients in three years
Hacker Exposes Three Million Iranian Bank Account Details
Iranian man posts debit and credit card details on his blog to highlight security vulnerabilities
Microsoft Raids Hit Zeus Botnets
Operation b71 has brought down two major Zeus botnets but Microsoft warns that the Trojan is not dead
Kaspersky Lab Discovers Invisible Memory-Only Bot
The clever Russian malware hides in RAM and spreads trough banners on news websites
Lloyds Decision To Offshore IT Jobs Labelled ‘Disgraceful’
593 IT jobs are to go at Lloyds, in what is being described as a brutal headcount reduction
Business Intelligence for Financial Services
A key lesson emerging from the recent turmoil in Financial Services (FS) is the importance of information – the need for organisations to understand exposure to products, customers and external influences.
MWC 2012: PayPal Criticises NFC Payment Systems
PayPal warns against NFC while Intel gets behind the technology
Barclays Confirms 422 British IT Jobs To Go In Restructuring
Barclays is to axe 422 IT positions in the UK, with a further 200 positions being lost overseas as well
UK Banks Face Simulated Cyber Attack
Banks in the UK are simulating the combined effects of a cyber attack and Olympic gridlock today
Banks Battle Increased Cyber-Attacks
Cyber-criminals are using malware and man-in-the-middle tactics to transfer cash from bank accounts, even with two-factor authentication in place
Two Thirds of Brits Prefer Bank Clicks To Bank Clerks
Research shows that more Brits than ever use online banking with two of three using it at least once a week
RBS Confirms Weekend Online Banking Outage
RBS has confirmed that its online banking service is back and working, after failing at the weekend
Hackers Use Social Tricks To Get Bank Passwords
Auditors at Trace Security used social engineering tactics to obtain sensitive information and infect systems
Illegal Spam Firms Run Like Legitimate Businesses
Spam operations are run like legal business enterprises and rely on banks’ merchant services to function
BlackBerry Hit By Zeus Banking Trojan
Zitmo, a mobile variant of Zeus, is now targeting RIM BlackBerry devices, Trend Micro has confirmed
IBM’s Swift Action Reduces Bank Of China Paper Trail
The Bank of China's London office will elimintate 95 percent of its Swift paper usage thanks to IBM
Santander And Halifax Hit With Christmas Woes
Santander has accidentally sent the wrong statements to thousands of customers, while Halifax's payment system suffered an outage
Zeus Gang Blags £6m From UK Bank Accounts
The Zeus Trojan is rapidly becoming public enemy number one as London police arrest online banking hackers
Mobile Banking Use To Hit 200 Million
The use of mobile devices to carry out banking transactions is booming, Juniper Research has found, in spite of continuing security concerns
Expert Questions HSBC’s Online Banking Security Measures
Introduction of new security software and the decision to allow customer ID's to be saved in the browser have come under scrutiny by security experts