In this first article of a two-part series, IBM X-Force exposes some of its research on the typical malware and tactics, techniques and procedures (TTPs) used in Brazilian financial cybercrime.
Open Banking: Tremendous Opportunity for Consumers, New Security Challenges for Financial Institutions
New security standards around open banking focus on multifactor authentication and monitoring of transactions but largely ignore device security.
Open banking promises to make financial services apps more convenient, but there's still a lot of confusion about how financial firms will protect customer data from rogue third parties.
Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.
New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.
Financial companies that provide mobile services need advanced malware detection tools and threat intelligence to protect customers from financial fraud.
As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.
The state of fintech security will fluctuate based on the industry's ability to maintain regulatory compliance and stay abreast of cybercrime trends.
With so many ways to connect with banks today, financial organizations need omnichannel fraud detection tools to distinguish customers from fraudsters.
IBM X-Force attributed a recent wave of malware-induced Active Directory (AD) lockouts across several IR engagements to the operators of the QakBot Trojan.