Weekly Update: 08 March 2023
A weekly report looking at major incidents and developments in the financial services sector. Topics include data breaches, threat actors and TTPs, fraud and anti-money laundering, and the adoption and regulation of cryptocurrency.
Editor’s Pick
A selection of Top Stories picked by our editors.
Losses from cryptocurrency scams double to HK$1.7 billion in Hong Kong last year, with 67 per cent spike in casesSouth China Morning Post – News – Mar 06 2023 23:00
Veraport: Inside Korea’s dysfunctional application managementAlmost Secure – Mar 06 2023 05:54
Doctor Web’s January 2023 review of virus activity on mobile devicesDr Web – News – Mar 02 2023 12:28
Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’Cointelegraph – Mar 02 2023 04:39
Poland says Russian hackers attacked tax websiteReuters – Mar 01 2023 10:22
Threat Actors & TTPs
Discussion and analyses of significant campaigns, incidents, and associated actors in the banking sector.
Emotet malware attacks return after three-month breakBleeping Computer – Mar 07 2023 21:14
Lazarus Group Attack Case Using Vulnerability of Certificate Software Commonly Used by Public Institutions and UniversitiesASEC Blog – AhnLab English – Mar 06 2023 23:30
Bitdefender Labs warns of fresh phishing campaign that uses copycat ChatGPT platform to swindle eager investorsBitdefender – Mar 06 2023 15:41
New ATM Malware ‘FiXS’ EmergesSecurityWeek RSS Feed – Mar 06 2023 14:36
Spike in LokiBot Activity During Final Week of 2022Unit42 Palo Alto – Mar 03 2023 14:00
Cryptojacking campaign targets insecure deployments of Redis serversSecurity Affairs – Mar 02 2023 18:00
R3NIN Sniffer Malware Stealing Credit Card Data from E-commerce ConsumersGBHackers On Security – Mar 02 2023 05:58
Trezor warns of massive crypto wallet phishing campaignBleeping Computer – Mar 01 2023 23:47
Hunting for Honkbox | Multistage macOS Cryptominer May Still Be HidingSentinelOne – Mar 01 2023 14:52
PyPI Packages Used to Deliver Python Remote Access ToolsKroll – Mar 01 2023 00:00
Leaks & Breaches
Leaks and breaches, discussion and actions.
Major CEX Blames User, Refuses To Refund $96,000 Lost Due To Security BreachInternational Business Times – Mar 08 2023 02:24
India’s HDB Financial Services flags data breach at service providerReuters – Mar 07 2023 15:53
Flutterwave denies N2.9 billion hack report, says no customer lost money Nairametrics – Mar 05 2023 22:54
Ministry of Commerce foiled hacking bid – ARAB TIMES – KUWAIT … – Arab Times Kuwait NewsCaffSec – Twitter – Mar 04 2023 23:13
Bits ‘n Pieces (Trozos y Piezas)DataBreaches.net – Mar 03 2023 17:40
Hatch Bank discloses data breach after GoAnywhere MFT hackBleepingComputer.com – Mar 02 2023 19:33
BitKeep remains on track to fully compensate victims of $8M APK exploitCointelegraph – Mar 02 2023 17:45
Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack PublicCoinDesk – Mar 02 2023 13:17
Group 1001 Insurance Units Resume Full Operations after Ransomware AttackPR Newswire – Mar 01 2023 15:00
LHDN denies that MyTax portal leaked personal informationthestar.com.my – Mar 01 2023 11:02
Fraud & Anti-Money Laundering
Incidents and actions related to fraud and anti-money laundering.
India imposes money laundering provisions on crypto sectorTimes of India – Mar 08 2023 08:29
New Layer-2 Network May Include AML measures, Coinbase CEO SaysBitcoinist – Mar 07 2023 14:20
Ex-Honorary Consul Accused of Financing Hezbollah Indicted on Money Laundering, Terrorism CountsProPublica: Articles and Investigations – Mar 06 2023 10:00
Egypt arrests 29, including 13 foreigners, over alleged cryptocurrency scamThe Times Of Israel – Mar 05 2023 18:01
Bitfinex And Tether Falsified Documents To Access Bank Services, Report ClaimsBitcoinist – Mar 04 2023 11:00
EU keeps focus on NFTs in latest anti-money laundering bill draftThe Block – Mar 03 2023 15:18
Crypto Miners Owe the Federal Government Money, Watchdog Report SaysGizmodo Australia – Mar 02 2023 22:52
US Senators question Binance and its US partner over complianceReuters – Mar 02 2023 17:26
Carson Man Sentenced to More Than 11 Years in Prison for Role in International Conspiracy to Launder Money Taken From Fraud Victims: Valentine Iro was a central figure in an international fraud and money-laundering network that targeted $25 million thro…FBILosAngeles – Twitter – Mar 02 2023 15:32
Former Bank Employee Charged With Million-Dollar Fraud And Embezzlement SchemeJusticeGov – Press Release – Mar 01 2023 05:00
Cryptosphere – Adoption & Regulation
Adoption and regulation of cryptocurrency in the financial sector.
Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, But Sector Is a MessCoinDesk – Mar 07 2023 18:48
UK banks HSBC and Nationwide limits digital currency purchases with credit cards: reportCoinGeek – Mar 07 2023 06:10
Brazil announces pilot for digital currency seeking to leverage financial servicesReuters – Mar 06 2023 19:23
Belgian Central Bank Governor Says Crypto Winter Was ‘Good News’ – Here’s WhyCryptoNews – Mar 06 2023 11:11
Kraken is on track to launch bank ‘very soon’ despite regulatory ‘weird place’The Block – Mar 06 2023 10:00
Project Icebreaker concludes experiment for a new architecture for cross-border retail CBDCsBOI.org.il – Mar 06 2023 09:17
Pakistan Banks to Use Blockchain Technology for KYCBitcoin News – Mar 06 2023 04:30
Bank of Indonesia grants joint digital currency license for fund transfers, remittancesCoinGeek – Mar 05 2023 04:10
Australian central bank to launch ‘live pilot’ of CBDC in coming monthsCointelegraph – Mar 01 2023 22:35
Crypto distribution is uneven among banks as prudential exposure rises: BIS reportCOINTELEGRAPH.COM – Mar 01 2023 21:45
The content in this report was compiled by the use of our award-winning intelligence product Silobreaker Online. Silobreaker cannot guarantee the accuracy, completeness, integrity or quality of any content in this report and no responsibility is accepted by Silobreaker in respect of such content. Readers must determine for themselves what reliance they should place on the compiled content in the report.
