Cybercriminals are more brazen than ever. Here’s what Visa is doing to protect your business. VisaNews ad
This requires financial companies to increase their security measures and evolve their tools.Someone walks up to an ATM and punches in a request for a $5,000 withdrawal. Even though there's only $50 in the account, the ATM immediately spits out a mountain of crisp $20 bills.Blame the"Man in the Middle," one of the latest and more clever criminal methods affecting financial institutions today.
"Once the criminal's software is in place," Lane says,"they take over control of the bank's network and can approve anything they want." By now, most employees have been trained to be wary of suspicious-looking email and not click on attachments. But Lazarus is not using obvious phishing techniques. In one case, the Lazarus group identified a bank employee whose credentials they wanted to steal and specifically targeted the employee with a robust social-engineering strategy.
Lane's presentation also featured a 2019 incident that may signal another type of attack. A bank had a power outage and"failed over," or switched, to a secondary data center. The backup center did not have the same stringent security as the primary data center.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kim Kardashian Wrote an Essay About Living With Psoriasis'I am the only child my mom passed down her autoimmune issue to.'
Read more »
Hayley Kiyoko Says Being Gay Is Her 'Biggest Strength''If I take that first step, everyone else will follow. And they will hopefully grow to feel inspired, and know that they can have a good life.'
Read more »
Alex Borstein Says 'Step Out of Line, Ladies' In Her Emmys Speech'[My grandmother] stepped out of line, and for that I am here.'
Read more »
Alex Borstein Says 'Step Out of Line, Ladies' In Her Emmys Speech'[My grandmother] stepped out of line, and for that I am here.'
Read more »
You’re Probably Washing Your Face WrongAs our skin-care routines grow ever more elaborate, here’s the latest in cleansing wisdom from dermatologists and facialists.
Read more »
More $10 billion software companies are being minted than ever before — here's whyDatadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.
Read more »