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NPCI blames Cosmos for the bank’s Rs 940 million loss in Malware attacks

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: business-standard

The National Payments Council of India (NPCI) on Wednesday blamed the Cosmos Bank’s “own IT environment” for the unprecedented cyber loot which left the Pune-based bank poorer by over Rs 940 million.

In a statement, the NPCI’s Head Risk Management, Bharat […]

By |August 15th, 2018|Cyber News|

SBI customer? Your debit card will stop working unless you do this

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: financialexpress

Are you an SBI debit card holder? Here’s an important update for you. The State Bank of India has informed its debit cardholders to get their old Magstripe Debit cards replaced with EMV Chips Cards before 31st December 2018.

Owing to security […]

By |August 15th, 2018|Cyber News|

Indian banks inadequately prepared for cyber attacks: Experts

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: India Times

Cyber security experts on Tuesday questioned the preparedness of the Indian banks in case of a massive security breach involving funds, stressing that state-of-the-art security systems are the need of the hour.

Hackers siphoned off a whopping Rs 94.42 crore […]

By |August 15th, 2018|Cyber News|

10-member of Maharashtra cyber crime team to join Pune cops in probe

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: DNA

The Maharashtra Cyber Crime has swung into action and has roped in banking and cyber experts to assist the Pune police to probe the hacking of Cosmos Cooperative Bank’s system. Rs 94 crore was siphoned off by cybercriminals.

A 10-member team […]

By |August 15th, 2018|Cyber News|

FBI warns of global ATM cyber crime spree

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: ABC News
The FBI has issued a warning to banks that cybercriminals are planning to steal millions in a coordinated worldwide attack on cash machines
Cyber criminals are planning to withdraw millions in cash from automatic teller machines (ATMs) around the world […]

By |August 14th, 2018|Cyber News|

Cosmos Bank hit by Rs 940 mn cyber hack; probe finds Hong Kong as source

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: Business Standard

Cybercriminals have stolen Rs 940 million from Cosmos Bank, after attacking the server at its headquarters in Pune on August 11 and 13. According to the FIR filed by the bank’s management at the Chatushrungi police station at 1 am on […]

By |August 14th, 2018|Cyber News|

UAE tightens cyber crime laws

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Credits: Gulf News

UAE President Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree to replace articles of the country’s 2012 law for combatting IT and cyber crimes, according to state news agency WAM.

Under the amendments, article 26 of the law […]

By |August 13th, 2018|Cyber News|

U.S. on Lookout for Possible Iranian Cyber Attacks After Reinstatement of Sanctions

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: ABC News

The U.S. is bracing for cyberattacks Iran could launch in retaliation for the re-imposition of sanctions this week by President Donald Trump, cybersecurity and intelligence experts say.

Concern over that cyber threat has been rising since May, when Trump pulled […]

By |August 13th, 2018|Cyber News|

UK cyber cops: Infosec pros could help us divert teens from ‘dark side’

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: theregister

UK police are looking to cybersecurity firms to help implement a strategy of steering youngsters away from a life in online crime.

The National Crime Agency’s Prevent campaign sits within the wider five-year UK National Cyber Security Strategy of 2016-2021. The NCA’s scheme aims […]

By |August 13th, 2018|Cyber News|

Malicious faxes leave firms ‘open’ to cyber-attack

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Extreme Hacking | Sadik Shaikh | Cyber Suraksha Abhiyan

Credits: BBC

A customised image sent by fax can let malicious hackers sneak into corporate networks, security researchers have found.

In a presentation at the Def Con hacker conference, two researchers showed how to craft the booby-trapped images.

The malicious message exploits the protocols […]

By |August 13th, 2018|Cyber News|