SecurityBrief Asia - Technology news for CISOs & cybersecurity decision-makers

Financial scam stories

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Lookout finds predatory behaviour on 300 loan apps
Thu, 1st Dec 2022
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application security
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loan platfom
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exploits
Lookout has discovered almost 300 loan apps that exhibit predatory behaviour, such as exfiltrating excessive user data from mobile devices and harassing borrowers for repayment.
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Asia’s data privacy landscape is ‘coming of age’ – how can businesses cope?
Wed, 14th Sep 2022
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cybersecurity
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breach prevention
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online fraud
Identity theft and online fraud are becoming more prevalent than ever. A recent IBM study revealed that stolen or compromised credentials were responsible for 19% of data breaches this year.
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Financial malware activity dropped in 2020 as creators honed their wares
Tue, 6th Apr 2021
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malware
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cloud banking solutions
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kaspersky
Cybercriminals used the time to plan more malicious propagation techniques, both new and evolved from previous methods.
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CERT NZ: Kiwis lose $7.8m to cyber attacks; incident reports soar
Thu, 27th Aug 2020
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phishing
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cybersecurity
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email security
“The increase on reporting and reduction in financial loss could mean that New Zealanders are developing a heightened awareness of cybersecurity threats as we’ve become more dependent on digital services.” 
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Digital heists: Attacks on financial institutions rise 238% in 3 months
Mon, 18th May 2020
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malware
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virtualisation
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ddos
The pandemic has created a perfect storm for financial cybercrime, with attackers taking advantage of every opportunity they get to target financial institutions.
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GBG rolls out anti-fraud solutions to protect against financial crime
Mon, 3rd Feb 2020
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compliance
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fraud
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financial scam
“To aid in that fight, GBG offers a layered digital fraud and compliance solution which unifies data across vertical silos to improve financial crime detection accuracy across the customer journey."
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Aged between 35-44? You're a prime target for scammers
Wed, 28th Aug 2019
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cybersecurity
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scams
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bnz
It’s a common thought that the elderly are most likely to get scammed, but BNZ says it’s also busy parents who are finding themselves on the receiving end too.
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430,000 people hit with financial malware
Mon, 5th Aug 2019
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malware
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kaspersky
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trojan
Financial malware, that is malware that targets finances, cryptocurrencies and web-money services, has increased by 7% from the same period last year, according to new research from Kaspersky.
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IRD shuts down fraudulent direct debit scam
Mon, 10th Jun 2019
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ai
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cybersecurity
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inland revenue
“We’re working with the police and banks to investigate further and anyone who has been left out of pocket will be reimbursed."
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New report uncovers US$1.7b cryptocurrency cybercrime market
Thu, 31st Jan 2019
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cryptocurrency
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blockchain
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cybersecurity
There was a staggering rise in criminal activity within the cryptocurrency market last year, despite the decline in the market.
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Transport in NSW: do easier 'tap ons' make for compromised security?
Fri, 25th May 2018
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transport for nsw
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fraud
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transport
Commuters will now be able to 'tap on' with credit cards or digital wallets, but they might be opening themselves up to security threats in doing so.
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AI-DAY: Using artificial intelligence to scam the scammers
Fri, 6th Apr 2018
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ai
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ml
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cybersecurity
“40% of New Zealand parents don’t think they can keep themselves safe online.”
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