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Hackers target Indian Bank : Steal $13.5 Million across 3 days

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Banks remain a favorite target of cyber criminal activities. Use of internet, virtualization and digitization has eased our business and dealing with money. On the other hand it has also escalated cyber crime activities. In order to ameliorate the performance of financial transactions such as cash withdrawals, deposits, fetching account information, transfer funds etc the idea of cash machine was proposed in 1967. Since then these cash machines known as ATMs (Automated teller Machines) are widely used and besides offering convenience to the customers, they have also proven beneficial in reducing the workload of bank’s staff. With the growing cyber crime activities, undertaking precautions and regularly updating cyber preparedness and defence mechanism is important. However a large number of institutions stir up only post an incident that causes financial misappropriation or loss of reputation. Recently Cosmos Bank, India’s second largest cooperative bank suffered a breach on i...

Brazilian Banks in a fix: Hackers Exploiting DLink Routers to Redirect Users to Fake Brazilian Banks

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Hackers have adopted a clever approach to swindle users of their hard earned money without letting them have a slightest clue. The loopholes in the DLink DSL modem routers have been ingeniously leveraged by cyber miscreants to deceive users. Let us check the process of handling user based queries & requests for web pages and routines over internet after we get acquainted with the following terms: DSL (Digital Subscriber Line): High Speed digital data transfer between servers and systems using telephone lines. DNS Server (Domain Name System ): It is a service on multiple servers  to resolve the browsing URL that the user inputs to IP (Internet Protocol) Addresses where the website is found. Let us now proceed and understand how a web page is displayed when a user inputs a URL Every single URL on the internet has an IP address assigned to it. The IP address points to the computer that hosts the server of the website we are requesting to access. When a user enters a URL (w...

In-app currencies of Mobile games used for Money Laundering by Cyber Crooks!

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Mobile Games are now more popular then PC games. Mobile games generate billions of dollars in revenue. Cyber crooks have found a way to exploit the in-game currency to launder real money without the fear of being tracked by government agencies.     The cyber crooks have created a system where they use fake Apple accounts and fake gaming profiles to carry out transactions using stolen credit or debit cards. These game accounts are then sold online for real money and it is transacted using online E-wallet apps. The operation came to light when the researchers stumbled upon a MongoDB database that was left exposed on the internet without any login or password. The free access to this database revealed that it had details of more than 150,000 unique card details which recorded the card number, expiration date and the CVV. The MongoDB database revealed that the details on the sheet were not some ordinary company data but something else entirely. Upon closer inspection,...

'SIM Swap Scam’ affects many TSB bank Customers after a mishandled IT update!

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It is becoming increasingly difficult to track the different ways that scammers are employing these days. Be it fraud phone calls, phishing emails, lottery scams, bit coin scams, donation scams, credit and debit card fraud and SIM Swap Scam. People are being scammed everyday by cyber miscreants by acquiring the personal details and sensitive information of a user. Many unsuspecting users have fallen into the trap laid out by these cyber crooks. http://www.dpbolvw.net/click-8755494-12785139 The customers of TSB Bank were affected by SIM swap scam due to the chaos created in the aftermath of a mishandled IT upgrade done by the bank. This affected 1.9 million customers who were unable to access online banking services of the TSB Bank. An exact number couldn’t be confirmed on the total users scammed but there were reports where the victim saw their accounts being emptied. The user was made aware after he received a notification for a SIM swap which wasn’t requested by him. £2,50...