Banking articles

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Security Electronics

Researchers found a way to bring expired credit cards back from the dead

"Zombie card" exploit uses two smartphones to rewrite credit card expiration data
WTF?! Credit cards aren't meant to last forever, but a team of researchers just found a way to keep expired ones alive for a little longer than intended, and not for the cardholder's benefit. Not every card is affected, but the flaw sits deep enough in how contactless payments are verified that exploitation isn't just theoretical.
Full story By Alfonso Maruccia,
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Security Tech Culture

The rise and fall of Tank the hacker who built the Zeus cybercrime empire

Connecting the dots: Notorious cybercrime leader Vyacheslav Penchukov – better known online as Tank – is now serving a nine-year sentence in a federal prison in Colorado, following his orchestration of some of the most destructive banking malware and ransomware campaigns over the past two decades. A report by BBC correspondent Joe Tidy provides an unprecedented look into Penchukov's criminal career, from his days leading the infamous Jabber Zeus syndicate to his later involvement in major ransomware groups targeting international businesses and hospitals.
Full story By Skye Jacobs,
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Security Hardware

Hackers use hidden Raspberry Pi and custom malware to attack bank ATMs

The heist was stopped before the criminals could do any significant damage
What just happened? A recently uncovered attempted bank heist illustrates the growing sophistication and audacity of cybercriminal operations targeting financial institutions. The incident involved a combination of physical intrusion, advanced malware, and anti-forensic measures to allow fraudulent ATM withdrawals from a targeted bank's network.
Full story By Skye Jacobs,
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