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The Rise of One-Time Password Interception Bots

Krebs on Security

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. An ad for the OTP interception service/bot “SMSRanger.”

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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. c)); – monitor privileged access activity by implementing a privileged access management (“PAM”) solution, and automatically blocking commonly used passwords (500.7(c));

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BianLian, White Rabbit, and Mario Ransomware Gangs Spotted in a Joint Campaign

Security Affairs

Resecurity’s HUNTER (HUMINT) unit spotted the BianLian , White Rabbit , and Mario ransomware gangs collaborating in a joint extortion campaign targeting publicly-traded financial services firms. This is why it is critical to share such intelligence for further analysis with the broader cybersecurity community.

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Microsoft warns of multi-stage AiTM phishing and BEC attacks

Security Affairs

Microsoft discovered multi-stage adversary-in-the-middle (AiTM) phishing and business email compromise (BEC) attacks against banking and financial services organizations. The proxy server allows attackers to access the traffic and capture the target’s password and the session cookie. .

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American Insurance firm State Farm victim of credential stuffing attacks

Security Affairs

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. billion per month.

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NYDFS Proposes Updated Second Amendment to Its Cybersecurity Regulation

Hunton Privacy

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

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What is credential stuffing? And how to prevent it?

Security Affairs

In other words, bad actors glean lists of breached usernames and passwords and run them against desired logins until they find some that work. And, there remains general bad hygiene surrounding the creation of usernames and passwords, with many being reused over multiple websites. Good password hygiene and password managers. “If

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