Digitalization is a double-edged sword for banks, especially when it comes to security. A massive shift to cloud and API-based ways of working has made the sector become more agile and innovative, but it has also opened the floodgates for identity theft. As interactions and transactions become more interconnected, even the simplest processes like opening […]
A group of cyber-criminals have combined two powerful malware programs to create a new online banking Trojan that has already stolen millions of dollars from customers of 24 U.S. and Canadian banks. The new threat has been dubbed GozNym by researchers from IBM X-Force because it combines the stealthy Nymaim malware and the Gozi banking […]
With the advancement of the Internet into just about every sector of life, it’s no surprise that online banking has become incredibly popular. This service is both quick and efficient, with many institutions allowing for their account holders to even cash a check by taking a picture with their smartphone. Online banking’s convenience is obviously […]
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