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A week in security (September 14 – 20)

Last week on Malwarebytes Labs, we looked at Fintech industry developments, specifically the differences between Europe and the US, and we analyzed how some charities and the advertising industry are tied together. We also told readers about what companies can do to counter domain name abuse. In our Lock and Code podcast we talked to Pieter Arntz about safely using Google Chrome … [Read more...]

Fintech industry developments, differences between Europe and the US

“Put your money in the bank and you can watch it grow.” If there is a statement that shows us how much the financial world has changed it’s this one. With the introduction of negative interest, companies and consumers with a large amount of liquid assets are looking for a different way to handle those assets. This is where the innovative fintech industry comes into play. What is … [Read more...]

Can Zero Trust Redeem Fintech?

Though the ripples are gentler than they once were, the wake of the 2008 financial crisis is still felt today. Financial regulators around the world have since adopted laws that increase transparency and scrutiny alike, making it difficult for traditional banks to operate as opaquely they once did. This has opened the market wide for … The post Can Zero Trust Redeem Fintech? appeared first … [Read more...]

A week in security (February 3 – 9)

Last week on Malwarebytes Labs, we looked at Washington state’s latest efforts in providing better data privacy rights for their residents, and we dove into some of the many questions regarding fintech: What is it? How secure is it? And what are some of the problems in the space? We also detailed a new adware family that our researchers had been tracking since late last year and pushed out a … [Read more...]

Fintech security: the challenges and fails of a new era

“I have no idea how this app from my bank works, and I don’t trust what I don’t understand.” Josh is not an old curmudgeon or luddite. He’s 42 with a decent understanding of technology. Nevertheless, the changes in fintech have come too fast for him. It’s not that he doesn’t trust his bank. He doesn’t trust himself to use and manage the banking app … [Read more...]

Capital One breach exposes over 100 million credit card applications

Just as we were wrapping up the aftermath of the Equifax breach—how was that already two years ago?—we are confronted with yet another breach of about the same order of magnitude. Capital One was affected by a data breach in March. The hacker gained access to information related to credit card applications from 2005 to early 2019 for consumers and small businesses. According to the bank the … [Read more...]

A week in security (May 6 – 12)

Last week on Labs, we discussed what to do when you discover a data breach, how 5G could impact cybersecurity strategy, the top six takeaways for user privacy, vulnerabilities in financial mobile apps that put consumers and businesses at risk, and in our series about vital infrastructure, we highlighted threats that target financial institutions, fintech, and cryptocurrencies. Other … [Read more...]

Vital infrastructure: Threats target financial institutions, fintech, and cryptocurrencies

With news of a malware attack on accounting firm Wolters Kluwer causing a “quiet panic” in the accounting world this week, our assertion that financial institutions—from banks to brokers—are part of the vital infrastructure of society has been solidified. According to its website, Wolters Kluwer provides software and services to all of the top 100 accounting firms in the United … [Read more...]