A Russian hacker accused of helping to develop and maintain the notorious Citadel malware toolkit, which was used to steal more than $500 million from bank accounts, faces up to 10 years in a US prison after pleading guilty to computer fraud.
Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.
A US congressional committee is to investigate the Federal Reserve's cyber security practices, according to Reuters which recently reported that there have been more than 50 cyber breaches at the central bank between 2011 and 2015.
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In the latest round of attacks, Hacktivist group Anonymous claims to have leaked the names, addresses and other personal information on around 4,000 bank executives.
A Commodity Futures Trading Commission (CFTC) staffer fell for a phishing scam last month, putting the regulator's employees' personal information at risk.
Russian police have arrested eight men in connection with a cybercrime ring that used the malicious carberp trojan to loot millions of pounds from online bank accounts across the country and worldwide.