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Fiserv, Inc., a major provider of technology services to financial institutions, just fixed a glaring weakness in its Web platform that exposed personal and financial details of countless customers across hundreds of bank Web sites, KrebsOnSecurity has learned. . Brookfield, Wisc.-based Fiserv [NASDAQ:FISV] is a Fortune 500 company with 24,000 employees and $5.7 billion in earnings last year. Its account and transaction processing systems power the Web sites for hundreds of financial institutions — mostly small community banks and credit unions. The link for this article located at Krebs on Security is no longer available. . Fiserv has taken steps to rectify a crucial vulnerability in its online system that jeopardized sensitive client information for various financial institutions.. Fiserv, Financial Technology, Data Exposure, Web Security, Customer Data Protection. . LinuxSecurity.com Team
Officials for the moment say they cannot pinpoint anything malicious about the extraordinary outage of the Nasdaq stock exchange earlier today.. But the incident had all the earmarks of the three waves of denial-of-service attacks that have bedeviled U.S. financial institutions, including stock brokerages, since last September.. But the incident had all the earmarks of the three waves of denial-of-service attacks that have bede. officials, moment, cannot, pinpoint, anything, malicious, about, extraordinary, outage. . LinuxSecurity.com Team
As reported in FierceFinanceIT, 2011 has seen major financial and commercial companies victimized by online breaches. In an effort to beef up security, many of these companies are now turning to certified professional hackers to test and enhance security systems. . Often referred to as "ethical hacking," it's a phenomenon that Jay Bavisi, co-founder of the International Council of Electronic Commerce Consultants (EC-Council), says has entered into the mainstream over the last 10 years. The link for this article located at FierceFinanceIT is no longer available. . With rising cyber threats, banks are hiring ethical hackers to enhance defenses, simulate attacks, and identify vulnerabilities to protect financial integrity. Ethical Hacking, Financial Security, Cyber Protection, Online Attacks. . Alex
A federal grand jury Thursday indicted Lin Mun Poo, a 32-year-old resident and citizen of Malaysia, on charges of hacking into the Federal Reserve Bank, as well as possessing more than 400,000 stolen credit and debit card numbers. If convicted of the most serious offenses, he would face a maximum sentence of 10 years.. "The defendant made a career of compromising computer servers belonging to financial institutions, defense contractors, and major corporations, among others, and selling or trading the information contained therein for exploitation by others," according to the Department of Justice. The link for this article located at Information Week is no longer available. . Jia Lee Yun charged with breaching the Bank of England and extracting account information, potential 12-year imprisonment awaits.. Federal Reserve Hacker,Cyber Crime,Data Breach,Legal Consequences,Credit Card Theft. . LinuxSecurity.com Team
Now this is a pretty surprising figure, we all know Phishing has become a big issue in recent years especially for financial institutions, but it still amazes me two-thirds of all attacks can come from a single group! . It The link for this article located at Darknet is no longer available. . Online scams are on the rise, with 66% of breaches attributed to a single gang. Discover the details behind this concerning issue.. Phishing Attacks,Cyber Threats,Financial Institutions. . LinuxSecurity.com Team
A global survey has revealed that 39 percent of financial institutions experienced at least one security breach within the past year. Deloitte Touche Tohmatsu's Global Security Survey, which was released Wednesday, showed that two-thirds of the security breaches were breaches from outside the organization. . . .. A global survey has revealed that 39 percent of financial institutions experienced at least one security breach within the past year. Deloitte Touche Tohmatsu's Global Security Survey, which was released Wednesday, showed that two-thirds of the security breaches were breaches from outside the organization. Of the institutions, 47 percent have maintained or increased IT security staffing in the past two years, and 78 percent plan to adopt public key infrastructure (PKI) technologies, with almost as many planning to incorporate "smart" identification cards into their security system. Almost half of the companies surveyed have already instituted security policies related to wireless communications. Despite this, only 5 percent of respondents to the survey were "extremely confident" about how well their organization's systems are protected from internal attacks. The link for this article located at ZDNet is no longer available. . A global survey has revealed that 39 percent of financial institutions experienced at least one secu. global, survey, revealed, percent, financial, institutions, experienced, least. . LinuxSecurity.com Team
ser lancilot sent in yet another list of U.S. government sites hacked by the Deceptive Duo group. In the previous week, the blackhat group defaced numerous military web sites, and now online banks and other gov't sites. In addition, passport numbers, account names and emails, as well as bank employee phone numbers were revealed.. . .. ser lancilot sent in yet another list of U.S. government sites hacked by the Deceptive Duo group. In the previous week, the blackhat group defaced numerous military web sites, and now online banks and other gov't sites. In addition, passport numbers, account names and emails, as well as bank employee phone numbers were revealed. "Here we are... The Deceptive Duo is communicating to me right now (17.26 CET) the list of the newly attacked US servers: National Institute of Standards and Technology U.S. Geological Survey Peoples State Bank Arkansas Community Banking Association Bank of West Baton Rouge Community Bankers Association of Kansas Bank of Dumas Merchants & Planters Bank Merchants & Marine Bank Copiah Bank Madison Bank and Trust The Evangeline Bank & Trust Company Iowa Independant Bankers IBanc Virtual Bank City of Hazlehurst Greers Ferry Lake State Bank As you can see ny the posted databases there are bank accounts, names, emails, addresses and phone numbers of bank customers. In one database are revealed Names,passport numbers and personal data. Here you can find mirrors of the attacked websites: The Deceptive Duo declared to have more targets in sight." . This email address is being protected from spambots. You need JavaScript enabled to view it. sent in. email, address, being, protected, spambots, javascript, enabled. . LinuxSecurity.com Team
The transatlantic tug of war over privacy standards notched up as the Bush administration complained to the European Union about the burden its rules will put on U.S. financial institutions.. . .. The transatlantic tug of war over privacy standards notched up as the Bush administration complained to the European Union about the burden its rules will put on U.S. financial institutions. Senior Commerce Department and Treasury officials said in a March 23 letter released Tuesday that Europe's requirements protecting consumer privacy are "incompatible with real-world operations." U.S. financial institutions are putting in place privacy protections under the Gramm-Leach-Bliley Act that modernized the banking system. But those privacy protections fall short of those mandated for Europeans by the EU privacy directive. The link for this article located at Planet IT is no longer available. . The ongoing struggle between the U.S. and Europe regarding privacy regulations escalated as the Obama government voiced concerns over European Union policies.. Transatlantic Privacy War, EU Privacy Standards, Financial Institutions, Data Protection. . LinuxSecurity.com Team
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