Cyberattacks - All News And Posts By Crowdfund Insider

Cyberattacks in the UK, US Increase as More Consumers and Businesses Conduct Financial Transactions Online

August 17, 2020 @ 7:50 am By Omar Faridi |

Cyberattacks against US-based financial industry firms increased by around 240% between February and April 2020, according to a new report. These attacks have become more prevalent after the global COVID-19 outbreak, as more individuals and businesses are using online services. Tom Kellerman, head of cybersecurity… Read More

US Secret Service Establishes Cyber Fraud Task Force to Combat Financial Crimes Conducted via the Internet

July 13, 2020 @ 9:58 pm By Omar Faridi |

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

Fintech Firms in the UK, Europe, Australia, Canada being Targeted through Malware by Evilnum, an Online Threat Group: Report

July 12, 2020 @ 3:47 pm By Omar Faridi |

Evilnum, an advanced and persistent threat group, has been targeting UK-based Fintech companies and others throughout Europe since 2018. Evilnum uses “spear-phishing” emails and various social engineering tactics to initiate their cyberattacks, according to ESET, an online security company. The researchers at ESET noted that… Read More

Major European Financial Organizations Introduce Cybercrime Information Sharing Program to Combat Cyberattacks

February 28, 2020 @ 7:11 am By Omar Faridi |

Reserve banks, clearinghouses, global stock exchanges, payment processing service providers and law enforcement organizations based in Europe have teamed up in order to introduce a cybercrime information-sharing program. The goal of the project, called Cyber Information and Intelligence Sharing Initiative (CIISI-EU), is to protect the… Read More

UK-based Featurespace, a Firm Focused on Fraud Prevention, Partners with Fintech Enfuce to Protect Customers from Cyberattacks

February 27, 2020 @ 7:19 am By Omar Faridi |

UK-based Featurespace, a firm that focuses on fraud prevention, confirmed on February 26 that Finland’s Enfuce, an open banking Fintech firm, will be using the Featurespace ARIC Risk Hub in order to protect its customers from online security threats. Established in 2016 by Denise Koskinen… Read More

“Financially Motivated” Cybercriminals to Target Investment App Users, Online Financial Data Processing Platforms, Cryptocurrencies: Kaspersky

December 30, 2019 @ 7:35 am By Omar Faridi |

Investment applications, online financial data processing tools and decentralized cryptocurrency platforms will most likely be targeted by the “financially motivated cyber threat actors” next year, leading cybersecurity company Kaspersky claims. Financial cyber threats and attacks are some of the most dangerous or damaging ones, as… Read More