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Banking Trojans remain the most lethal cyber threats says Kaspersky Lab

August 16, 2016 Editor

Banking Trojans have retained the reputation as the most dangerous cyber threats. This is according to a kaspersky Lab report. The study says financial malware attacks on online users raised by 15.6%. The main reason for the spike is the nexus between the authors of two leading banking Trojans: Gozi Trojan and Nymaim Trojan, pushing both into the top 10 ranking of financial malware. These malware are often propagated via compromised or fraudulent websites and spam emails and, after infecting users mimic an official online banking page in an attempt…

Banking Cyber-attacks could bring world economy to a halt

June 23, 2016June 23, 2016 Editor

Recent attacks give a glimpse of the sort of cyber-assault that could bring the world economy to a halt. Better defences are needed THIS May Anonymous, a network of activists, briefly hacked into Greece’s central bank and warned in a YouTube message that: “Olympus will fall…This marks the start of a 30-day campaign against central-bank sites across the world.” The warning struck a raw nerve. The financial system is little more than a set of promises between people and institutions. If these are no longer believed the whole house of…

Africa’s banking security in Africa is reaching a tipping point for growing cybercrime risk

April 29, 2016April 29, 2016

Africa’s relative lack of infrastructure is both a blessing and a curse for banks. While access to traditional services is still a challenge, innovation in technology can offer big opportunities. Mobile has become the de facto means of banking in many parts of Africa and, as mobile penetration – particularly smartphone penetration – increases, this is allowing banks to connect with more of the population than ever before, and to do so in a more targeted, personal way. A study looking at trends in banking in sub-Saharan Africa, released in…

Most U.S consumers ‘unlikely’ to purchase or use bitcoin

September 8, 2014February 18, 2016 Staff Writer

A study conducted by the Massachusetts Division of Banks on the bitcoin use found that close to two – thirds of those who responded said they were unlikely to buy or use the virtual currency. The article by Andrew Moran also highlights a study from the U.K. where 71 percent of British consumers don’t want to use bitcoin for their shopping needs. Of course we are very early in the game and the age of the respondent’s matters, those in their late teens and twenties may be more willing to…