ATLANTA, Aug. 3 /PRNewswire/ -- SecureWorks, the largest managedinformation security services provider safeguarding 1,800 clients and morefinancial institutions than any other vendor, announced today that thenumber of hackers attempting to attack its banking clients is up 81% sincelast year and hackers attempting to attack its credit union clients is up62% since last year. SecureWorks blocked 167 million hacker attacks in thelast 30 days. "In June 2006 to December of 2006, we were blocking attacks fromapproximately 808 hackers per bank per month," said Allen Wilson, VP ofResearch for SecureWorks. "Since the beginning of 2007 up until June, theaverage number of hackers launching attacks at each of our banks is 1,462.For our credit unions, we were blocking attacks from 1,110 hackers percredit union per month. That number has risen to 1,799 hackers per creditunion per month." "We've seen the number of hackers increase year over year, as more andmore criminals realize the money that can be made and the minimal risk theyface in perpetrating these crimes," said Allen Wilson, VP of Research."Most of the hackers we see stealing financial data are located in Russiaand Eastern Europe, however, we are witnessing a growing number coming outof China. These countries have large numbers of talented young people whoare extremely computer literate. Challenging socioeconomic conditions,combined with a lack of computer crime legislation, makes the allure ofcommitting low- risk, fraud- related crimes against victims on the otherside of the world an appealing choice." "The amount of stolen financial data we have found since the first ofthe year has been daunting," said Don Jackson, security researcher forSecureWorks and discoverer of the Gozi and Prg Trojans. See
-
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





