Organizations Face a ‘Losing Battle’ Against Vulnerabilities

After a banner year for vulnerabilities and cyberattacks in 2021, organizations believe they are fighting a “losing battle” against security vulnerabilities and threats, “despite the billions of dollars spent collectively on cybersecurity technology,” according to an annual security report from...

Security Bulletin: Financial Transaction Manager is affected by a vulnerability in Apache log4j (CVE-2021-44228)

Summary A vulnerability was identified within the Apache Log4j library that is used by IBM Financial Transaction Manager to provide logging functionality. This vulnerability has been addressed. Vulnerability Details CVEID: CVE-2021-44228 DESCRIPTION: Apache Log4j could allow a remote attacker to...

Keeping Up with the Botnets

It’s no secret that the global pandemic increased opportunities for threat actors and cybercriminals to target financial services. Throughout 2020, scammers used the economic tension caused by COVID-19 — the promise of financial assistance, the stress of financial hardship — to target people acro...

Several Zoho ManageEngine products have been exploited

THREAT LEVEL: Red. For a detailed advisory, download the pdf file here. Multiple vulnerabilities have been discovered in Zoho ManageEngine products. The affected products include Zoho ManageEngine ServiceDesk Plus, Zoho ManageEngine SupportCenter Plus, Zoho ManageEngine Desktop Central, Zoho...

Protecting today’s web applications requires more than a firewall

The way organizations build web applications has changed dramatically over the last several years. As a result, many organizations are considering additional security strategies to augment the Web Application Firewall WAF on which they have relied to protect critical digital business operations...

Vulnerabilities fixed in Oracle Financial Services Applications

Oracle has fixed vulnerabilities in the following products: Financial Services Analytical Applications Infrastructure FLEXCUBE Core Banking Banking Platform Banking Enterprise Default Management Banking Virtual Account Management Financial Services Enterprise Case Management Banking Corporate...

The Fight against Financial Cyber Crime

By Owais Sultan The financial services industry is a lucrative target and is disproportionately affected by the rise of cyber crime. Let's discuss its prevention measures. This is a post from HackRead.com Read the original post: The Fight against Financial Cyber Crime...

How cyberattacks are changing according to new Microsoft Digital Defense Report

In 2021, cybercrime has become more sophisticated, widespread, and relentless. Criminals have targeted critical infrastructure—healthcare,1 information technology,2 financial services,3 energy sectors4—with headline-grabbing attacks that crippled businesses and harmed consumers. But there are...

Windows 11 offers chip to cloud protection to meet the new security challenges of hybrid work

As the world has changed over the past 18-months, companies have been wrestling with ways to keep employees and data protected as they support new ways of hybrid working. We built Windows 11 to be the most secure Windows yet with built-in chip to cloud protection that ensures company assets stay...

How to Prevent Account Takeovers in 2021

Data breaches and hacking put internet users at risk of account takeover, if cybercriminals successfully gain access to valid login credentials. There are reckoned to be in excess of 8.4 million discrete passwords currently circulating online, more than 3.5 billion of which are tied to active...

FIN8 Targets US Bank With New ‘Sardonic’ Backdoor

The financially motivated FIN8 cybergang used a brand-new backdoor – dubbed Sardonic by the Bitdender researchers who first spotted it – in attempted but unsuccessful breaches of networks belonging to two unidentified U.S. financial organizations. It’s a nimble newcomer, researchers wrote: “The...

The 4 most common bad bot attack methods targeting financial services

Organizations in the financial services sector are high-value targets for cybercriminals. In recent years, more sophisticated botnets and other bad bot attack methods have enabled malicious hackers to ratchet up the speed of attacks on this sector. The four most common ways hackers deploy botnets...

Financial Services: Web Application Attacks Grow by 38% In First Half of 2021

During his career in the middle of the last century, professional bank robber Willie Sutton made off with an estimated $2 million in stolen money. Urban legend has it that when a journalist asked Sutton why he robbed banks, he replied, “That’s where the money is.” In later interviews, Sutton...

SolarWinds 2.0 Could Ignite Financial Crisis – Podcast

Could a cyberattack spark the next financial crisis? Following the calamitous, widespread SolarWinds attacks in April, that’s exactly what the New York State Department of Financial Services DFS has suggested. “This incident confirms that the next great financial crisis could come from a...

The top 3 OWASP risks to the financial services sector in 2021 and how to mitigate them

The Open Web Application Security Project OWASP is a non-profit organization that helps security experts protect web applications from cyber attacks. OWASP counts 32,000 volunteers worldwide who perform security assessments and conduct research on cybersecurity threats about which the larger...

CVE-2021-2448

Vulnerability in the Oracle Financial Services Crime and Compliance Investigation Hub product of Oracle Financial Services Applications component: Reports. The supported version that is affected is 20.1.2. Difficult to exploit vulnerability allows high privileged attacker with logon to the...

CVE-2021-2448

Vulnerability in the Oracle Financial Services Crime and Compliance Investigation Hub product of Oracle Financial Services Applications component: Reports. The supported version that is affected is 20.1.2. Difficult to exploit vulnerability allows high privileged attacker with logon to the...

CVE-2021-2323

Vulnerability in the Oracle FLEXCUBE Universal Banking product of Oracle Financial Services Applications component: Flex-Branch. Supported versions that are affected are 12.3, 12.4, 14.0-14.4 and . Difficult to exploit vulnerability allows unauthenticated attacker with network access via HTTP to...

Buffer overflow

Vulnerability in the Oracle Financial Services Crime and Compliance Investigation Hub product of Oracle Financial Services Applications component: Reports. The supported version that is affected is 20.1.2. Difficult to exploit vulnerability allows high privileged attacker with logon to the...

Design/Logic Flaw

Vulnerability in the Oracle FLEXCUBE Universal Banking product of Oracle Financial Services Applications component: Flex-Branch. Supported versions that are affected are 12.3, 12.4, 14.0-14.4 and . Difficult to exploit vulnerability allows unauthenticated attacker with network access via HTTP to...