Android banking Trojan evolves to evade detection and strike globally
After nearly a year of hiatus, the Android banking Trojan Medusa is back and more dangerous than ever. The new variant of the Trojan is lighter in weight and requests fewer permissions from the device in order to avoid detection. First identified in 2020, Medusa is a Turkey-related banking Trojan that initially targeted Turkish financial […]
In European banking, Piigs can still fly – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. The countries of Portugal, Ireland, Italy, Greece and Spain were once known by the ignoble acronym Piigs when, in their collective turmoil, their government debts and bad loans in their banking systems threatened the future of […]
Britain's $33 billion banking app Revolut has swung into profit while still trapped in banking license limbo – Fortune
British banking app Revolut finally turned things around last year after years of losses, nearly doubling revenue to 1.8 billion pounds ($2.27 billion) and posting pre-tax profits of 438 million pounds ($553 million). The news will come as good news to top fintech investors, including Index Ventures, SoftBank Vision Fund 2 and Balderton Capital, which […]
Patelco Credit Union "serious security incident" halts banking services for nearly half a million members – CBS San Francisco
Cybersecurity experts predict AI advances will lead to increased cyber threats in 2024 About 500,000 members of Patelco Credit Union, which has branches in the Bay Area and Northern California, are unable to access banking services after what its chief executive officer called a “serious security incident” over the weekend. The Dublin, Alameda County-based credit […]
HSBC, Virgin Money and Nationwide customers suffer online banking outage By Reuters – Investing.com
LONDON (Reuters) – Customers of HSBC, Nationwide and Virgin Money (LON:) were unable to use online banking services on Friday, the latest outage to plague an industry that has become increasingly reliant on digital access amid the closure of physical branches. Thousands of HSBC customers in the UK were unable to access online banking services […]
Shadow banking network for Iranian military hit with US sanctions
The U.S. Treasury Department has imposed sanctions on what it calls the Iranian military’s shadow banking network. The State Department said the vast network extends to 50 individuals and companies in Hong Kong, the United Arab Emirates and the Marshall Islands, and is used by Iran’s Ministry of Defense and military, as well as the […]
Alfa Bank: US-sanctioned Russian banking giant expands in China – CNN
Anton Vaganov/Reuters Alfa-Bank’s exhibition stand at the St. Petersburg International Economic Forum in St. Petersburg, Russia, June 5, 2024 Editor’s note: Sign up for CNN’s “Meanwhile, China” newsletter to find out what you need to know about the country’s rise and its impact on the world. Hong Kong/London CNN — Beaten Western sanctionsRussia’s largest private […]
Mexican cartel worked with US-based group linked to Chinese underground banking to launder drug money: DOJ
The Justice Department announced on Tuesday that a five-year investigation has revealed that Mexican drug cartels worked with a U.S.-based group with ties to underground Chinese banks to launder drug trafficking funds. a press release The Department of Justice said Operation Fortune Runner uncovered a money laundering network linked to the Sinaloa drug cartel that […]
Hunter Biden’s defense team in historic criminal trial likely ‘banking on’ hung jury: expert
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Android banking trojan masquerades as Google Play to steal your data
Criminals are constantly developing new ways to trick people, and their latest tactic is to infect Android smartphones with malware to access banking and other details. Researchers at cybersecurity firm Cyble have discovered a new malware called Antidot that poses as a Google Play update application. The malware displays fake Google Play update pages in […]