Newsroom
July 08, 2014
'Bolware' virus targets Brazil transactions
July 9, 2014 – A security firm announced this week that a fraud ring is using malware to target a popular online payment system in Brazil, and has routed as much as $3.75 billion to its own account over the past two years.
The malware, "Bolware," targets a system called Boleto, which consumers use to pay anything from doctors' bills to their mortgage payments. According to CUInfoSecurity.com, experts do not believe the amount stolen was close to $4 billion in actuality but say the continued success of the "man-in-the-browser attack technique" is disconcerting.
"One lesson from the Bolware attacks is that any payment system – based on payment cards or otherwise – is at risk of being subverted by online attackers," according to the article. The article also explained that Trojan attacks targeting banks have increased in previously less-targeted countries including Australia, Croatia, South Africa and United Arab Emirates.
The malware, "Bolware," targets a system called Boleto, which consumers use to pay anything from doctors' bills to their mortgage payments. According to CUInfoSecurity.com, experts do not believe the amount stolen was close to $4 billion in actuality but say the continued success of the "man-in-the-browser attack technique" is disconcerting.
"One lesson from the Bolware attacks is that any payment system – based on payment cards or otherwise – is at risk of being subverted by online attackers," according to the article. The article also explained that Trojan attacks targeting banks have increased in previously less-targeted countries including Australia, Croatia, South Africa and United Arab Emirates.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.