This Week in Security News: Banks and Botnets

Welcome to our weekly roundup, where we share what you need to know about the cybersecurity news and events that happened over the past few days. This week, the FBI warned U.S. banks of a wide-scale cybercrime campaign called “ATM cash-out,” in which hackers use cloned ATM cards for fraudulent withdrawals. Also, a botnet called Necurs has begun a campaign of phishing emails targeting bank employees.

Read on:

Banks on Alert from FBI About Potential ‘Unlimited’ ATM Heist Worth Millions

The FBI has warned U.S. banks of an impending cybercrime called “ATM cash-out,” in which thieves seek to swipe millions of dollars by using cloned ATM cards for fraudulent withdrawals.

Carrier Grade Security Means … Using Carrier Grade Security

IoT presents carriers and telcos with vulnerabilities and issues of scale, but the scale issues of carriers are often a magnitude greater.

For parents, a new school year now means preparing the kids for potential dangers online. Supervisory FBI special agent Martin Hellmer specifically recommends that parents “warn their kids about predators and scammers seeking to exploit them.” 

Foreshadow/L1TF Intel Processor Vulnerabilities: What You Need to Know

Microsoft’s Patch Tuesday for August includes an update that fixes Foreshadow and Foreshadow-NG security flaws affecting the speculative execution feature of Intel CPUs.

Hackable Touchscreens Could Spy on Hotel Rooms and Meetings

Ricky Lawshae’s DefCon presentation showcases how connected devices you think about the least are sometimes the most insecure.

AV-Comparatives: Trend Micro Antivirus for Mac Provides 100% Malware Protection for Mac Users

Trend Micro Antivirus for Mac achieved 100% antimalware protection and received a badge of Approved Mac Security in the latest Mac Security Test & Review by AV Comparatives, completed in July of 2018.

1 Big Botnet: Banks are Target of Massive New Attack

Necurs botnet has shifted its focus from spamming advertisements for cheap pharmaceuticals and penny stocks to targeting phishing emails at bank employees.

Data Breaches 101: How They Happen, What Gets Stolen, and Where It All Goes

Though people have reached a point of desensitization to news citing a data breach, protecting user data has become increasingly important amid stricter regulation implementation.

Younger Candidates Could Bridge Cybersecurity Talent Gaps

To find tomorrow’s badly needed cyberworkers, organizations may start looking at high school students, inexperienced adults and even young hackers.

Spam Campaign Hopes to Lure Royal Bank of Canada Customers

A new phishing campaign is targeting mostly California-based clients of Royal Bank of Canada.

Trump, Seeking to Relax Rules on U.S. Cyberattacks, Reverses Obama Directive

President Trump reversed an Obama-era memorandum dictating how and when the U.S. government can deploy cyber weapons against its adversaries in an effort to loosen restrictions on such operations.

Did Ricky Lawshae’s Defcon presentation on hackable touchscreens surprise you? Why or why not? Share your thoughts in the comments below or follow me on Twitter to continue the conversation: @JonLClay.

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