The European Central Bank (ECB) has summoned major banks to an emergency meeting to warn of new cybersecurity risks linked to advanced AI models, according to the Financial Times. Frank Elderson, vice chair of the ECB’s Supervisory Board, said banks must become significantly faster at installing security updates. According to the ECB, new AI tools…
Tag: banks
AI, Global Security News, Network Security
Darwinium updates mobile SDKs to detect remote access scam activity
Darwinium has announced updates to its Android and iOS mobile SDKs. It enables banks, payment providers, and digital businesses to tackle the proliferation of remote access scams, including those that manipulate live sessions and account farming operations that run mule networks. “Most fraud platforms validate trust at a single moment, typically at login or payment,…
AI, Apps, Compliance, Data Breaches, Global Security News, Network Security, Risk Management
Banks Face a Growing AI Risk at the Database Layer
Financial institutions are rapidly deploying AI, but new research suggests many banks may be securing the wrong layer of the stack. Liquibase researchers warn that while organizations focus heavily on AI models and APIs, the database layer may be one of the most exposed parts of modern financial infrastructure. “Governance for agents has to move…
AI, Global Security News
Anthropic and FIS Are Building an AI Agent to Help Banks Police Financial Crimes
The AI giant struck a partnership with financial software provider FIS to develop new tools for banks.
Global Security News
Mustang Panda Hits India and S. Korea with Updated LOTUSLITE Backdoor
Acronis reveals Mustang Panda is using a new LOTUSLITE backdoor to target Indian banks and Korean diplomats. Learn how this DLL sideloading attack works.
AI, Data Breaches, Global Security News
Shadow AI, deepfakes, and supply chain compromise are rewriting the financial sector threat playbook
Financially motivated attacks continued to drive the bulk of cyber incidents against banks, insurers, and payment processors in 2025. Approximately 90% of breaches affecting financial institutions carried a financial motive, with data breaches accounting for roughly 64% of incidents and ransomware making up the remaining 36%. The average cost of a data breach in the…
Global Security News, malware
JanelaRAT Malware Targets Latin American Banks with 14,739 Attacks in Brazil in 2025
Banks and financial institutions in Latin American countries like Brazil and Mexico have continued to be the target of a malware family called JanelaRAT. A modified version of BX RAT, JanelaRAT is known to steal financial and cryptocurrency data associated with specific financial entities, as well as track mouse inputs, log keystrokes, take screenshots, and…
Global Security News, Government & Policy
Infoblox Threat Intel research links global mobile banking fraud wave to Cambodian scam compounds
GUEST RESEARCH: Android Trojan tied to forced-labour scam centres impersonates banks and governments in at least 21 countries, bypassing biometrics and SMS security.
AI, china, Global Security News
Why Apple is ready to launch Apple Pay in India
As As predicted, Apple is in talks with three banks in India about introducing Apple Pay services there later this year, a according to a Bloomberg report. This could give the company an even bigger footprint in India than its payment services have already built elsewhere. The move matters for many reasons. Consider this: Apple Pay is already far…
Global Security News
Spitting Cash: ATM Jackpotting Attacks Surged in 2025
The attacks cost banks more than $20 million in losses last year, as criminals used many of the same tools and tactics they have wielded for more than a decade.
Global Security News
North Korea’s UNC1069 Hammers Crypto Firms With AI
In moving away from traditional banks to focus on Web3 companies, the threat actor is leveraging LLMs, deepfakes, legitimate platforms, and ClickFix.