Some customer information from Singapore’s DBS Group and Bank of China’s branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT). DBS said on Monday customer statements of around 8,200 …
Cyber attacks against Nordic banks, likely perpetrated by Russia-linked hackers, pose the biggest threat to financial stability in the region, a top Danish central bank official said. Financial institutions should be prepared for an “arms race” with cybercriminals, Ulrik Nodgaard, …
Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …
ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as criminals seek to exploit weaker links adjacent to banking. The Dutch bank said in a statement Friday unauthorized parties may …
Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security said. “The risk level is being raised on the back of …
Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. State-owned VTB …
US financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …
Capital One Financial Corp. agreed to pay $190 million to settle a class-action lawsuit that customers filed against the firm after a hacker broke into its cloud-computing systems and stole their personal information. Representatives for those customers, Capital One and …
U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully completed a massive cross-industry cyber security drill …
The United States has charged three North Korean computer programmers with a massive hacking spree aimed at stealing more than $1.3 billion in money and cryptocurrency, affecting companies from banks to Hollywood movie studios, the Department of Justice said on …
