Financial Sector

Inside Kenyan Hacker Group Gaining International Fame

Martin Siele reports: SilentCards, based in Nairobi, has previously been accused of orchestrating multi-million shilling heists in the financial services sector, particularly targeting banks and their Automated Teller Machines (ATMs). Singapore-based cyber-security firm, Group-IB, in its annual Hi-Tech Crimes Report identified SilentCards as one of the prominent players in the global cyber-crime landscape. Read more on Kenyans.co.ke

Idaho Central Credit Union reports two breaches

Doug Olenick reports on two recent data breaches involving Idaho Central Credit Union: The first instance cropped up on November 5, 2019 when some suspicious behavior was noted. A breach was confirmed three days later, reported BoiseDev. A data breach notice was sent on February 6, 2020 after a two-month long investigation found the issue...

Three suspects arrested in Maltese bank cyber-heist

Catalin Cimpanu reports: British police have arrested yesterday three individuals that they believe are involved in the February 2019 hack of Bank of Valletta (BOV), one of Malta’s biggest banks. National Crime Agency (NCA) officers arrested two males, aged 22 and 17, in London, and a third suspect, a 39-year-old male in Belfast, Northern...