Bank
Can we get loan to pay ransom in ransomware attacks
Nope, says a renowned international bank from UK. Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Moreover, paying a ransom in a ransomware attack is generally discouraged for several reasons: No […]
Almost all Banks in Pakistan become victim to Cyber Attack
The banking system in Pakistan took a nasty hit this week when an analysis made by Pakistan Computer Emergency Response Team aka Pak CERT revealed that data of more than 19,961 cards belonging to the customers of over 22 major banks in Pakistan were put on for sale on the dark web. According to the […]
Tesco Cyber Attack faces £ 30 million fine from UK Financial Watchdog
The Financial Conduct Authority (FCA), well known as UK’s Financial Watchdog is all set to impose a £ 30 million fine on Tesco for Cyber Attack. Readers of Cybersecurity Insiders have to notify a fact over here that Tesco Bank became a victim of Cyber Attack in November 2016 and reimbursed £ 2.5 million as […]
UK Bank Fraud victims can dial 555 to report Cyber Attacks
The United Kingdom will soon launch an emergency hotline number ‘555’ for victims to complain about bank fraud. The idea is to make the new hotline number a central repository to alert banks of illegal money transfers which can help crack down scams. As the idea is being backed by Ministers, Financial Chiefs, and police […]
Hackers cyber attack phones to steal money from UK bank accounts!
It is really disappointing to learn that scammers have found a new way to steal money from their victims. And this time their deeds are resulting in literally emptying the victim’s bank accounts. Moreover, law enforcement agencies have discovered that fraudsters are using text messages sent by banks to customers to launch such cyber attacks. […]
