COVID-19 Raises Financial Crime Risks, Report Says

The strain on the global economic system as a result of the COVID-19 pandemic has created financial vulnerabilities, the Financial Action Task Force said in a report published Monday, suggesting that regulators must reinforce cooperation across borders and with the business sector to mitigate such risks.

May 4, 2020 : Law 360

By |2020-07-02T14:28:51+00:00May 4th, 2020|COVID-19|Comments Off on COVID-19 Raises Financial Crime Risks, Report Says

‘EventBot’ comes online amid flurry of regularly updated banking trojans

Over the last several weeks, a group of unidentified hackers have been methodically testing a new piece of code designed to steal credentials people use to log into banks and other financial institutions. Like many a product developer, the hackers have been fine-tuning the malicious software to make it more effective in siphoning off data from a mobile phone.

April 30, 2020 : Cyberscoop

By |2020-07-02T14:29:06+00:00April 30th, 2020|COVID-19|Comments Off on ‘EventBot’ comes online amid flurry of regularly updated banking trojans

The Fed, SBA Fight Off Scams & a Breach While Processing Emergency Loans

While small businesses try to secure lifeline loans via emergency funding programs, fraudsters continue to look for opportunities to scam their way toward a payday by phishing, impersonation and other means.

April 29, 2020 : Credit Union Times

By |2020-07-02T14:29:20+00:00April 29th, 2020|COVID-19|Comments Off on The Fed, SBA Fight Off Scams & a Breach While Processing Emergency Loans
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