RSA Security, a division of EMC, revealed that its anti-fraud command center (AFCC) lab has discovered a new type of “phishing kit” that is able to compromise a bank server through a single executable installation file. According to RSA, this new “plug-and-play” phishing kit requires only a one-time access to a server, rather than traditional host attacks, which involve several visits and manual installation of PHP code files, HTML pages, plus bank and card logo images. The kit is a single PHP code file, which automatically creates directories and installs a live phishing site within two seconds, according to RSA lab tests. The discovery was disclosed in RSA’s June online fraud report, which shows that U.S.-based banks remain the target of 70 percent of all attacks. The kit was discovered in a forensic audit of a phishing incident at a single financial institution. The phishing attacks are taken down in the same manner that manually installed malware is dealt with, according to RSA.
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Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
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The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
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Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
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Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
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BayFirst Financial in St. Petersburg named veteran Tampa-area banker Al Rogers as its CEO and announced an $80 million capital raise. The bank sold its SBA-lending business last year, but it's still struggling to work through problems in its legacy loan portfolio.
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San Diego County Credit Union won a court ruling that should help in its effort to get out of its deal to merge with a local competitor. A lawyer for SDCCU said he believes the judge's decision "signals the end of any merger between the two institutions."
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