It’s low tech, but effective. Why Germany? It has more ATMs than other European countries, and—if I read the article right—they have more money in them. [...]

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent financial crime and …

Amazon Web Services (AWS) has released a new whitepaper to help financial services customers in Canada accelerate their use of the AWS Cloud. The new AWS User Guide for Federally Regulated Financial Institutions in Canada helps AWS customers navigate the regulatory expectations of the Office of the Superintendent of …

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. The rules put control of that data back in the hands of ordinary Americans, while at the same time undermining the data …

This is an old piece of malware—the Chameleon Android banking Trojan—that now disables biometric authentication in order to steal the PIN : The second notable new feature is the ability to interrupt biometric operations on the device, like fingerprint and face unlock, by using the Accessibility service to …

This blog is now closed. Third freed immigration detainee arrested after he allegedly breached bail conditions RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank Get our morning and afternoon news emails, free app or daily news podcast Marles says Australians should express views on Israel-Hamas …

Meanwhile, ahead of the Reserve Bank’s decision on Tuesday afternoon, most economists expect the cash rate to stay steady at 4.35%. Follow the day’s news live Get our morning and afternoon news emails, free app or daily news podcast Marles says Australians should express views on …

Another example of a large and influential state doing things the federal government won’t: Boards of directors, or other senior committees, are charged with overseeing cybersecurity risk management, and must retain an appropriate level of expertise to understand cyber issues, the rules say. Directors must sign off on …

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out …

A reporter used an AI synthesis of his own voice to fool the voice authentication system for Lloyd’s Bank. [...]

Someone in the UK is stealing smartphones and credit cards from people who have stored them in gym lockers, and is using the two items in combination to commit fraud: Phones, of course, can be made inaccessible with the use of passwords and face or fingerprint unlocking. And bank …

The Reserve Bank of New Zealand’s (RBNZ’s) Guidance on Cyber Resilience (referred to as “Guidance” in this post) acknowledges the benefits of RBNZ-regulated financial services companies in New Zealand (NZ) moving to the cloud, as long as this transition is managed prudently—in other words, as long …

Amazon Web Services (AWS) has released a new whitepaper to help financial services customers in New Zealand accelerate their use of the AWS Cloud. The new AWS User Guide to Financial Services Regulations and Guidelines in New Zealand—along with the existing AWS Workbook for the RBNZ’s Guidance …

Zelle is rife with fraud : Zelle’s immediacy has also made it a favorite of fraudsters. Other types of bank transfers or transactions involving payment cards typically take at least a day to clear. But once crooks scare or trick victims into handing over money via Zelle, they can …

We are pleased to announce a new AWS workbook designed to help New Zealand financial services customers align with the Reserve Bank of New Zealand (RBNZ) Guidance on Cyber Resilience. The RBNZ Guidance on Cyber Resilience sets out the RBNZ expectations for its regulated entities regarding cyber resilience, and …

Compliance in the cloud is fraught with myths and misconceptions. This is particularly true when it comes to something as broad as disaster recovery (DR) compliance where the requirements are rarely prescriptive and often based on legacy risk-mitigation techniques that don’t account for the exceptional resilience of modern …

Compliance in the cloud can seem challenging, especially for organizations in heavily regulated sectors such as financial services. Regulated financial institutions (FIs) must comply with laws and regulations (often in multiple jurisdictions), global security standards, their own corporate policies, and even contractual obligations with their customers and counterparties. These …

Enlarge (credit: Chalongrat Chuvaree | Getty Images) For years, security researchers and cybercriminals have hacked ATMs by using all possible avenues to their innards, from opening a front panel and sticking a thumb drive into a USB port to drilling a hole that exposes internal wiring. Now, one researcher has …

Bizarro is a new banking trojan that is stealing financial information and crypto wallets....the program can be delivered in a couple of ways­ — either via malicious links contained within spam emails, or through a trojanized app. Using these sneaky methods, trojan operators will implant the malware onto a …

This is a longish video that describes a profitable computer banking scam that’s run out of call centers in places like India. There’s a lot of fluff about glitterbombs and the like, but the details are interesting. The scammers convince the victims to give them remote access …